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The Loonie Just Hit an 8-Week High — Here's What a Stronger Dollar Means for You

  August 11, 2026 Three weeks ago, we told you the Canadian dollar had crashed to a 14-month low . This week, it's doing the opposite: the loonie just touched its strongest level since June, and it's not a small bounce. If you shop online, travel south, or hold US stocks in your RRSP or TFSA, this move actually moves your numbers. What actually happened The Canadian dollar strengthened to about 1.393–1.394 per US dollar — roughly 71.7 to 71.8 US cents — its best level in eight weeks, according to Reuters and TradingEconomics data. That's a meaningful move: the loonie has gained close to 2% against the greenback since hitting 1.4248 on July 25, and it's up about 1.6% over the past month alone. THE TURNAROUND, IN THREE NUMBERS July 25 (14-month low) 1.4248 USD/CAD Today (8-week high) ~1.394 USD/CAD Move since July 25 Loonie up ~2.2% Two things are driving it. First, Friday's July jobs report blew past every forecast — the Canadian economy added 75,100 jobs against ...
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Hurricane Beryl: A Monstrous Category 5 Storm Ravages the Southeast Caribbean

 

Hurricane Beryl, an unprecedented Category 5 storm, has left a trail of destruction in the southeast Caribbean. With its early formation and record-breaking intensity, Beryl has captured global attention. Let’s delve into the impact of this powerful hurricane.

Beryl made landfall in the southeast Caribbean, wreaking havoc on Carriacou, an island in Grenada. As a Category 4 storm, it caused significant damage, claiming lives in Grenada and St. Vincent and the Grenadines. Emergency teams are assessing the extent of destruction, and neighboring islands are bracing for its wrath.

Beryl’s rapid intensification is remarkable. It became the earliest Category 5 storm ever recorded in the Atlantic, fueled by unusually warm waters. Its sustained winds reached a staggering 165 mph (270 kph). The last hurricane of this magnitude to hit the southeast Caribbean was Hurricane Ivan two decades ago.

Currently located about 370 miles southeast of Isla Beata in the Dominican Republic, Beryl is on a west-northwest trajectory. Jamaica, the Cayman Islands, and Mexico’s Yucatan Peninsula are in its path. Although it’s expected to weaken slightly, Beryl remains a major hurricane as it approaches these regions.

Grenadian Prime Minister Dickon Mitchell emphasizes the need to support affected islands. St. Vincent and the Grenadines’ Prime Minister Ralph Gonsalves vows to rebuild despite widespread devastation. Union Island, Myreau, and Canouan face similar destruction, with 90% of homes on Union Island destroyed.

In summary, Hurricane Beryl’s unprecedented strength and path underscore the urgency of preparedness and resilience in the face of extreme weather events. The southeast Caribbean grapples with the aftermath, while neighboring nations brace for impact.


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