FX.co ★ Speculators Deepen Bearish Bets on Canadian Dollar as Net Shorts More Than Double

Bearish sentiment toward the Canadian dollar has intensified sharply, according to the latest CFTC data released on 29 May 2026. Net speculative positions on the CAD have fallen from -31.2K contracts previously to -68.9K, signaling a substantial build-up in short positions against the currency.

The widening negative position suggests that traders and hedge funds are increasingly positioning for further weakness in the loonie. The move more than doubles the net short exposure, underlining a decisive shift in market expectations for Canada’s currency in the near term. While the data does not specify the underlying drivers, the scale of the change indicates mounting skepticism among speculative participants toward the CAD’s outlook.