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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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GTA Police Face Further Suspensions as Project South Probe Widens



The ongoing Project South corruption investigation has led to the suspension of additional police officers across the Greater Toronto Area, marking another significant development in a probe that has already shaken public confidence in local law enforcement.

According to police officials, the newly suspended officers are alleged to have engaged in misconduct connected to the broader investigation, which focuses on corruption, organized crime links, and breaches of trust within certain units. While specific details have not yet been released, authorities confirmed that the suspensions are part of an expanding internal review.

Project South, launched several years ago, has resulted in multiple arrests, charges, and disciplinary actions. The latest suspensions suggest that investigators are continuing to uncover new information, prompting further scrutiny of officer conduct.

Police leadership emphasized that the actions taken reflect a commitment to transparency and accountability. They also noted that the majority of officers continue to serve with integrity, and that rooting out corruption remains essential to maintaining public trust.

As the investigation continues, more updates are expected in the coming weeks.


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