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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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Air Transat Faces Flight Disruptions as Pilot Strike Looms

 

Air Transat has announced it will begin suspending flights starting Monday, December 8, following a strike notice issued by the Air Line Pilots Association (ALPA), which represents approximately 700 of the airline’s pilots. The union delivered a 72-hour strike notice on December 7, meaning pilots could walk off the job as early as 3 a.m. on Wednesday, December 10.

The strike threat comes after nearly a year of negotiations between the pilots and Transat A.T. Inc., the Montreal-based parent company of Air Transat. Pilots are demanding a “modern contract” that includes industry-standard pay, benefits, work rules, and job security to replace their current agreement, which dates back to 2015.

Air Transat has confirmed that it will gradually suspend flights between December 8 and 9 in preparation for the potential work stoppage. The airline emphasized that it is working around the clock to reach a deal and minimize disruption for passengers, but acknowledged that cancellations are inevitable if no agreement is reached.

Union leaders have stated that while they hope to avoid a strike, they are prepared to take action if negotiations fail. “Unless significant progress is made at the bargaining table, we will strike if that’s what it takes to achieve a modern contract,” said Captain Bradley Small, Chair of the Air Transat Master Executive Council.

The timing of the dispute is particularly challenging, as it coincides with the busy holiday travel season. Passengers scheduled to fly in the coming days are being advised to monitor updates from Air Transat and check for rebooking options or refunds.

This strike marks another major disruption for Canada’s aviation industry in 2025, following earlier labor actions at Air Canada. With negotiations ongoing, travelers and industry observers alike are watching closely to see if a last-minute resolution can avert a full shutdown of Air Transat’s operations.

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