Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Massive Russian Strike Tests Diplomacy on Eve of Peace Talks

 

A damaged apartment house is seen following Russia’s missile and drone attack in Kyiv, Ukraine, Tuesday, Feb. 3, 2026.

Russia launched one of its most intense overnight assaults of the war, firing roughly 450 drones and 70 missiles across Ukraine just a day before scheduled talks aimed at exploring a path toward ending the conflict. Ukrainian President Volodymyr Zelensky said the timing of the attack was deliberate, describing it as an attempt to intimidate civilians and undermine diplomatic efforts.

The strikes targeted energy facilities, residential areas, and emergency infrastructure during harsh winter conditions, leaving several regions without power and forcing rescue teams to work through the night. Ukrainian officials said air defenses intercepted many of the incoming threats but acknowledged that the scale of the barrage caused significant damage.

Despite the escalation, Ukraine has signaled it will still participate in the upcoming discussions, which are expected to focus on humanitarian issues and potential frameworks for reducing hostilities. Whether meaningful progress can be made while fighting intensifies remains uncertain, but both sides face growing international pressure to find a path toward de‑escalation.


Labels:

Comments

Post a Comment