FX.co ★ Speculators Slash Bullish Bets on Canadian Dollar as Net Longs Collapse

Speculative positioning in the Canadian dollar has weakened sharply, with CFTC CAD net positions plunging from 36.2K to just 0.9K, according to data updated on 20 March 2026.

The shift suggests that traders have dramatically reduced their bullish exposure to the loonie, moving from a strong net long stance to a nearly flat position. While the data does not indicate whether this reflects changing expectations for Canada’s economy, interest rates or broader risk sentiment, the magnitude of the drop points to a notable cooling in speculative confidence toward the Canadian currency.