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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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Minneapolis Mayor Challenges Federal Account After ICE Agent Fatally Shoots Woman

 

An ambulance departs with the woman who was shot by a U.S. immigration officer (ICE) in Minneapolis.


A U.S. Immigration and Customs Enforcement agent fatally shot 37‑year‑old Renee Nicole Good during an immigration operation in Minneapolis, triggering widespread outrage and a sharp dispute between city officials and the federal government. While federal authorities claim the agent acted in self‑defense, Minneapolis Mayor Jacob Frey has publicly rejected that explanation, saying video evidence contradicts the government’s account.

What Happened

  • The shooting occurred during a federal immigration surge in the city.
  • Good was inside her vehicle when an ICE agent fired multiple shots, killing her.
  • Federal officials stated she attempted to run over an officer, prompting the use of deadly force.
  • Mayor Frey dismissed that narrative as “garbage,” arguing that the video shows a different sequence of events.

Public Reaction

The incident sparked immediate protests across Minneapolis, with community members demanding transparency and accountability. Local leaders criticized the federal operation as unnecessarily aggressive, while civil rights groups called for an independent investigation.

What Comes Next

Investigations at both the federal and local levels are ongoing. The full video has not yet been released to the public, leaving many questions unanswered as Minneapolis confronts another deeply polarizing law‑enforcement incident.


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