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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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Trump Orders Drawdown of Immigration Agents in Minnesota Amid Rising Tensions

                                            People march in protest against ICE

The Trump administration has initiated the withdrawal of 700 federal immigration agents from Minnesota, marking a notable shift in the large-scale enforcement surge that has dominated the state in recent weeks. The decision follows intense public criticism and heightened political pressure after enforcement operations resulted in the deaths of two U.S. citizens, sparking widespread concern over federal tactics.

Despite the reduction, several thousand agents will remain active across Minnesota, continuing operations that have fueled protests, strained relations with local leaders, and unsettled immigrant communities. State officials have argued that the federal presence has been excessive and destabilizing, while the administration maintains that ongoing enforcement is necessary to meet national security priorities.

President Trump acknowledged that recent events in Minneapolis influenced the decision to scale back, noting the need for a more measured approach. Even with the drawdown, federal authorities emphasize that immigration enforcement will continue at a steady pace, leaving many residents bracing for further activity.


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