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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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Shadows Over the Negotiating Table

            Some windows glow in a residential building left without heating and facing long power cuts in Kyiv.

Russian airstrikes struck multiple Ukrainian cities just as peace talks—brokered by the United States—opened in Abu Dhabi. The overnight assault targeted energy facilities in Kyiv, Kharkiv, and several regional centers, leaving large areas without power during freezing winter conditions. Ukrainian officials denounced the timing, arguing that the strikes were intended to weaken morale and undermine diplomatic momentum.

Despite the escalation, delegations from Ukraine, Russia, and the U.S. continued discussions focused on territorial disputes and security guarantees. Early indications suggested little movement from either side: Ukraine reiterated that it would not concede territory, while Russia maintained that territorial concessions remain central to any settlement.

The contrast between the violence on the ground and the diplomatic efforts abroad underscored the fragile nature of the negotiations. As talks resumed, the humanitarian impact of the strikes loomed large, raising questions about whether meaningful progress is possible while the conflict continues to intensify.


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