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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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A Legal Showdown: Maduro’s Immunity Bid Challenges U.S. Authority

Maduro, who pleaded not guilty to narco-terrorism and cocaine charges claimed that he remained the president of Venezuela.

Venezuelan leader Nicolás Maduro has set off a rare legal confrontation in the United States by asserting that he cannot be prosecuted because he is a sitting head of state. His appearance in a New York courtroom, where he pleaded not guilty to charges including narco‑terrorism and drug trafficking, has opened a debate over the reach of U.S. criminal law and the boundaries of international immunity.

Maduro’s argument rests on his claim to be Venezuela’s legitimate president, a status that would typically grant him protection from prosecution under international norms. U.S. authorities, however, have refused to recognize his presidency for years, instead backing opposition figure Juan Guaidó. Prosecutors maintain that because the U.S. does not acknowledge Maduro as Venezuela’s lawful leader, he cannot invoke head‑of‑state immunity.

His legal team has also challenged the circumstances of his capture, describing it as an unlawful seizure. Historically, though, U.S. courts have allowed prosecutions to proceed regardless of how a defendant was brought into custody, suggesting this line of defense may face an uphill battle.

The case now stands as a test of how far the United States can go in pursuing foreign leaders accused of criminal activity. Its outcome could shape future interpretations of sovereignty, legitimacy, and the limits of American jurisdiction.


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