Bullish sentiment on the Canadian dollar strengthened notably as speculative net positions rose to 13.3K, up sharply from 2.1K previously, according to the latest CFTC data updated on 13 February 2026.
The jump in CAD speculative net positions suggests that traders are increasingly positioning for a stronger loonie, potentially reflecting improved confidence in Canada’s economic outlook or expectations around interest rate dynamics and commodity markets. The move from a relatively modest 2.1K to 13.3K highlights a marked shift in positioning rather than a marginal adjustment.
While the data do not reveal the underlying drivers, the scale of the increase may draw attention from FX market participants watching whether this bullish turn in sentiment toward the Canadian dollar can be sustained in the coming weeks.
