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Speculative sentiment toward the Canadian dollar has turned less negative, as the latest CFTC data show a notable reduction in net short positions. According to figures updated on 28 August 2026, CAD speculative net positions improved to -121.5K from a previous reading of -158.2K.
While positioning remains in net short territory, the move suggests that some traders are scaling back their bearish exposure to the Canadian currency. The narrowing of net shorts may reflect shifting views on Canada’s economic outlook or changing expectations around interest rate differentials and commodity dynamics, which often influence the loonie’s performance.
Market participants will be watching whether this trend continues, as a sustained reduction in net short positions could signal a gradual rebuilding of confidence in the Canadian dollar among speculative investors.
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