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Traders have turned markedly more negative on the Canadian dollar, with CFTC CAD speculative net positions widening from -1.6K to -32.7K, according to data updated on 03 April 2026. The move reflects a substantial build-up in net short positions, signaling a clear shift in market sentiment against the loonie.
The jump in net shorts suggests that speculative participants are positioning for further weakness in the Canadian currency, or at least hedging against downside risk. While the previous reading near flat positioning (-1.6K) pointed to a relatively balanced market, the latest figure underscores a decisive tilt toward bearish expectations for Canada’s dollar in the near term.
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