Speculative traders cut back on bearish bets against the Canadian dollar, according to the latest Commitments of Traders data released by the U.S. Commodity Futures Trading Commission (CFTC) on 1 May 2026.
Net speculative positions in the CAD improved to -38.5K contracts, from a previous level of -58.8K. While positioning remains in net short territory, the shift indicates a notable reduction in negative sentiment toward the Canadian currency.
The move suggests that market participants are becoming less pessimistic on the loonie, potentially reflecting changing expectations around Canada’s economic outlook or relative policy dynamics, even though overall speculative positioning is still tilted to the bearish side.
