FX.co ★ Speculators Turn Net Long on Canadian Dollar as CFTC Data Signals Sentiment Shift

Speculative traders have flipped to a net long position on the Canadian dollar, according to the latest Commitments of Traders data from the CFTC updated on 06 February 2026. Net speculative positions on the CAD moved from -16.0K contracts previously to 2.1K, marking a notable sentiment shift in favor of the currency.

The move from a net short to a net long stance suggests that leveraged funds and other speculative participants are becoming more optimistic on the Canadian dollar’s prospects. While the data alone does not reveal the drivers behind the repositioning, the swing into positive territory indicates growing confidence that the CAD could outperform after a period of sustained skepticism. Traders will be watching upcoming economic releases and policy signals closely to gauge whether this renewed bullishness toward Canada’s currency will persist.