Positioning data from the U.S. Commodity Futures Trading Commission (CFTC) show that traders have slightly increased their bearish stance on the Canadian dollar. As of 17 July 2026, speculative net positions in CAD futures stood at -176.3K, compared with -173.1K previously.
The shift reflects a modest expansion in net short exposure to the Canadian currency, indicating that speculative market participants remain cautious and continue to position against the CAD rather than betting on an appreciation. While the change is incremental, the persistence of sizable negative net positions underscores ongoing skepticism toward the currency’s near-term outlook in futures markets.
