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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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Vance and Walz Gear Up for High-Stakes Vice Presidential Debate

 

In a highly anticipated event, Ohio Senator JD Vance and Minnesota Governor Tim Walz are set to face off in the only vice presidential debate of the 2024 election cycle. Hosted by CBS News, the debate will take place on October 1st in New York City.

Both candidates have been preparing rigorously for this showdown, which offers them a crucial platform to appeal to undecided voters. While vice presidential debates historically have limited impact on election outcomes, this year’s tight race has heightened the stakes.

JD Vance, a Republican, and Tim Walz, a Democrat, bring contrasting styles and policies to the table. Vance, known for his conservative stance and populist rhetoric, will likely emphasize issues such as border security and economic reform. Walz, on the other hand, is expected to focus on healthcare, education, and social justice, reflecting his progressive agenda.

The debate will be moderated by a panel of CBS News journalists, who are expected to challenge both candidates on their records and visions for the future. With the presidential candidates, Donald Trump and Kamala Harris, opting out of further debates, this vice presidential face-off has gained even more significance.

As the nation tunes in, the performances of Vance and Walz could play a pivotal role in shaping the final weeks of the campaign. Voters will be watching closely to see which candidate can best articulate their vision and connect with the American public.


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