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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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Ceasefire Shattered: Gaza Suffers Deadliest Strikes

A man uses a mobile phone as Palestinians inspect the site of Wednesday's Israeli strike in Gaza City, on Nov 20, 2025.

In one of the most violent escalations since the U.S.-brokered ceasefire took effect on October 10, Israeli airstrikes across Gaza have killed at least 33 people within a 12-hour period. The strikes targeted areas in Khan Younis and Gaza City, hitting tents sheltering displaced families and residential buildings. Among the victims were women and children, underscoring the devastating human toll of the renewed conflict.

The Israeli military stated that the attacks were in response to gunfire directed at its soldiers in Khan Younis. While no Israeli soldiers were reported killed, the retaliation has sparked widespread condemnation. Hospitals in Gaza reported receiving dozens of bodies, including entire families, as emergency workers struggled to cope with the influx of casualties.

The violence has raised fears that the fragile truce, already strained by repeated accusations of violations from both sides, may collapse entirely. Qatar, a key mediator in the ceasefire, warned that the renewed strikes threaten to unravel weeks of delicate negotiations aimed at preventing further bloodshed.

The strikes also coincided with Israeli operations in Lebanon, where attacks targeted Hezbollah positions, highlighting the broader regional volatility. Analysts warn that the simultaneous escalation in Gaza and Lebanon could ignite a wider conflict if diplomatic efforts fail.

For civilians in Gaza, the latest bombardments have deepened the humanitarian crisis. Displaced families who sought refuge in makeshift shelters were among the hardest hit, with survivors describing scenes of chaos and destruction. Aid organizations have called for immediate restraint, stressing that the continuation of such attacks will only worsen the already dire conditions in the territory.

As the death toll rises, the international community faces mounting pressure to intervene and salvage the ceasefire. Whether the truce can withstand this latest surge of violence remains uncertain, but for Gaza’s residents, the promise of peace feels more fragile than ever.


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