FX.co ★ Speculators Deepen Bearish Bets on Canadian Dollar as Net Shorts Nearly Double

Speculators have sharply increased their bearish positions on the Canadian dollar, with CFTC CAD speculative net positions widening from -16.2K to -31.2K, according to data updated on 22 May 2026. The move signals a notable deterioration in sentiment toward the loonie in the futures market.

The near-doubling of net short positions suggests that traders are positioning more aggressively against the Canadian currency, potentially reflecting rising concerns over Canada’s economic outlook or relative weakness versus its major peers. While the data do not specify the underlying drivers, the shift underscores a clear change in market positioning, with speculative investors now significantly more pessimistic on the CAD than in the previous reporting period.

This latest reading will be closely watched by currency traders and investors looking for signals on broader risk appetite and expectations for Canadian assets, as a heavier short stance can amplify volatility in the CAD if market conditions abruptly shift.