FX.co ★ Canadian Dollar Bearish Bets Ease as Speculative Net Shorts Narrow

Speculative sentiment toward the Canadian dollar has turned slightly less bearish, according to the latest positioning data on CFTC CAD speculative net positions. The net short stance narrowed from -74.7K to -66.4K contracts, based on the update released on 30 October 2026.

While traders remain net short the Canadian dollar, the reduction in negative positioning suggests some easing in pessimism toward the currency. The shift may indicate that market participants are becoming more cautious about extending bearish bets, potentially reflecting changing expectations around Canada’s economic outlook or global risk appetite.

Overall, the move from -74.7K to -66.4K shows that, although sentiment is still tilted against the CAD, the intensity of speculative selling has moderated compared with the previous reading.