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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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Canada Pauses Private Refugee Sponsorship Applications Until 2026


The Canadian government has announced a temporary pause on private refugee sponsorship applications from groups of five or more people and community organizations. This measure, effective immediately, will last until December 31, 2025. The decision aims to address the growing backlog of applications and improve processing times for both refugees and sponsors.

Immigration, Refugees and Citizenship Canada (IRCC) stated that the number of applications received annually far exceeds the available spaces for private refugee sponsorships. The government has set a target of admitting 23,000 privately sponsored refugees in its 2025-27 immigration plan, while the total refugee target for next year is just over 58,000 people. As of the end of October, there are over 85,000 pending refugee claims.

IRCC recognizes that this measure will impact the refugee sponsorship community and has pledged to work closely with partners and stakeholders to adjust to these changes and explore long-term improvements to the program. The pause will allow the system to catch up with the existing workload and ensure a more efficient and predictable refugee sponsorship process in the future.

For more information, visit the [IRCC website](https://www.canada.ca/en/immigration-refugees-citizenship/news/notices/temporary-pause-intake-refugee-sponsorship-applications-groups-five-community-sponsors.html).







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