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The Loonie Just Hit a 14-Month Low — Here's What It's Costing You

   Saturday, July 25, 2026 The Canadian dollar has slid to its weakest level since April 2025, and speculators are betting it has further to fall. Here's why it's happening and what it actually means for your wallet. If you've bought anything in U.S. dollars lately — a flight, an Amazon.com order, a hotel for a Florida trip — you may have noticed the exchange rate isn't doing you any favours. The Canadian dollar touched 1.4248 per U.S. dollar (about 70.2 U.S. cents ) last week, its weakest level in 14 months, before steadying closer to 1.41 . It's not just a bad week. Currency speculators have piled into bets against the loonie so aggressively that the Canadian dollar has overtaken the Japanese yen as the most heavily shorted major currency in the world, according to data from the U.S. Commodity Futures Trading Commission. Net short positions against the CAD hit roughly US$12.5 billion — the largest bearish bet on the loonie since December 2024. Why the loonie is ...
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Russia Strikes Ukraine’s Energy Grid Amid Fears of US Missile Support

 

Russia launched another wave of drone and missile strikes on Ukraine’s power infrastructure, intensifying its campaign to cripple the country’s energy supply ahead of winter. The overnight assault left parts of Kyiv and several regions in darkness, with emergency crews racing to restore electricity to thousands of homes.

The attacks come as Moscow voices alarm over the potential delivery of US long-range Tomahawk missiles to Ukraine, which Russian President Vladimir Putin warned would mark a “new level of escalation” in the conflict.

Ukrainian officials condemned the strikes as deliberate attempts to weaponize winter against civilians. President Volodymyr Zelenskyy vowed to strengthen air defenses and pressed Western allies for additional support to counter Russia’s growing aerial offensive.

As temperatures drop, the battle over Ukraine’s energy grid is becoming a central front in the war—one that could determine both military momentum and civilian resilience in the months ahead.


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