24.04.202619:30:00UTC+00Speculators Trim Bearish Bets on Loonie as Net Short CAD Positions Narrow

Net speculative positions in the Canadian dollar have turned less bearish, with traders reducing their short exposure to the loonie, according to the latest data released on 24 April 2026. The CFTC CAD speculative net positions improved from -78.3K previously to -58.8K, indicating a notable narrowing in net short bets.

This shift suggests that market participants are dialing back pessimism on the Canadian currency, even though positioning remains in negative territory. The move could reflect changing sentiment around Canada’s economic outlook, interest rate expectations, or broader risk appetite, as investors reassess the downside potential for the loonie relative to other major currencies.

While the CAD is still being net sold by speculators, the smaller short position may signal the early stages of a repositioning phase, with traders potentially more cautious about betting aggressively against the Canadian dollar in the near term.