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Canadian Dollar COT positioning

Speculators are net short canadian dollar, at the 15th percentile of the last three years, the most net short in 2 months.

Net speculative position -91,113 contracts
Three year percentile 15th at an extreme
Last more extreme 2 months ago
One contract 100,000 Canadian dollars
Net speculative position, 28 October 2025 to 20 October 2026. Scaled to this market's own range over the period, from -102,495 to -31,700 contracts.

Reading as of 20 October 2026. The CFTC publishes weekly with a three day lag, so this describes the previous Tuesday. In the terminal, COT positioning carries the week on week change for every market and COT history carries this book in depth: its full history, and week by week with the weeks it flipped side. Both are Pro panels; free accounts read three months of COT history.

Reading it

What this book is, and how it behaves.

The Canadian dollar is tied closely to crude, so this book and the WTI one often move together. Reading either alone can double-count the same bet.

Positioning at an extreme is a description of where the crowd sits, not a forecast. A crowded book can stay crowded for months and get more crowded on the way. What it does tell you is who is already in the trade, which is what decides how violently a market reacts when the news goes the other way.

Canadian Dollar positioning, answered.

Are speculators net long or net short canadian dollar?

Speculators are net short canadian dollar, at the 15th percentile of the last three years, the most net short in 2 months. The net position is -91,113 contracts as of 20 October 2026.

What does one Canadian Dollar contract represent?

One contract is 100,000 Canadian dollars. The Canadian dollar is tied closely to crude, so this book and the WTI one often move together. Reading either alone can double-count the same bet.

What is the COT report?

The Commitment of Traders report is published weekly by the CFTC. It breaks open interest in US futures markets down by category of trader. The figure here is the non-commercial, or speculative, net position: long contracts minus short contracts. It is reported with a three day lag, so the newest reading describes the previous Tuesday.

Does extreme positioning mean the price will reverse?

No. Positioning describes where the crowd sits, not what happens next. Crowded books can stay crowded for months and get more crowded on the way. It is a measure of who is already in a trade, which matters for how a market reacts to news, and it is not a timing signal.