FX.co ★ Speculators Trim Bearish Bets on Loonie as CAD Shorts Narrow Sharply

Positioning in the Canadian dollar turned notably less bearish in the latest reporting period, according to fresh data on CFTC CAD speculative net positions released on 08 May 2026. Net speculative shorts narrowed to -14.7K contracts, from a previous level of -38.5K.

The sharp reduction in net short positions suggests that traders have scaled back their pessimism on the loonie, potentially reflecting shifting expectations around Canada’s economic outlook or relative interest rate dynamics. While positioning remains in negative territory, the move toward a smaller net short exposure points to a more balanced stance among speculative investors toward the Canadian currency.