FX.co ★ Speculators Trim Bearish Bets on Canadian Dollar as Net Shorts Narrow

Data from the latest CFTC report show that speculative traders have reduced their bearish positions on the Canadian dollar, with net shorts narrowing to -41.8K from a previous -66.4K. The updated figures, released on 06 November 2026, suggest a moderation in negative sentiment toward the loonie in futures markets.

While positioning remains net short overall, the move from -66.4K to -41.8K indicates that some traders are scaling back expectations of further CAD weakness. This shift in sentiment may reflect changing views on Canada’s economic outlook, interest rate trajectory, or broader risk appetite, as investors reassess their stance on the currency.

The reduced net short exposure could leave the Canadian dollar somewhat better supported in the near term, though markets will continue to watch upcoming economic data and central bank communication for confirmation of any sustained change in trend.