In short
Speculators are net short CAD (building short over 12 weeks). Positioning sits at 17% of its 12-week range (flip 49th pct of 10y, z -0.30).
Weekly net positioning
Net non-commercial (large speculator) positioning over the last 12 weeks. A rising net means speculators are building longs; a falling net means they are building shorts.
| Week (Tuesday) | Net position | Week-over-week | Open interest |
|---|---|---|---|
| Jun 9, 2026 | -58,623 | -14,022 | 383,773 |
| Jun 2, 2026 | -44,601 | -6,506 | 305,869 |
| May 26, 2026 | -38,095 | +559 | 297,944 |
| May 19, 2026 | -38,654 | -991 | 292,877 |
| May 12, 2026 | -37,663 | +10,095 | 251,467 |
| May 5, 2026 | -47,758 | +6,070 | 243,793 |
| Apr 28, 2026 | -53,828 | +10,387 | 252,679 |
| Apr 21, 2026 | -64,215 | -2,811 | 255,128 |
| Apr 14, 2026 | -61,404 | -17,260 | 259,258 |
| Apr 7, 2026 | -44,144 | -1,234 | 240,735 |
| Mar 31, 2026 | -42,910 | -11,210 | 217,085 |
| Mar 24, 2026 | -31,700 | — | 182,798 |
How to read this
The flip percentile normalizes Canadian Dollar net positioning against roughly ten years of history: 49.3% means speculators are roughly mid-range versus their own history. The 10-year z-score (-0.30) confirms how stretched that is. Readings above the 90th percentile (or below the 10th) flag a crowded trade prone to a sharp unwind.
Positioning is a risk gauge, not an entry signal. Extremes can persist and get more extreme. Pair this with the fundamentals and a confirming move before fading a crowded trade. See how to read the COT report and using COT data to spot reversals.
Frequently asked questions
- Are speculators net long or short Canadian Dollar?
- As of Jun 9, 2026, large speculators are net short the Canadian dollar, with a net position of -58,623 contracts (29,832 long vs 88,455 short) in the CFTC Commitments of Traders report.
- Is Canadian Dollar positioning crowded right now?
- No. Canadian Dollar positioning sits at the 49.3% flip percentile of its 10-year range (z-score -0.30), which is not an extreme. Crowding warnings trigger above the 90th or below the 10th percentile.
- What is the COT flip percentile for Canadian Dollar?
- Canadian Dollar's flip percentile is 49.3% — where current normalized net positioning sits within roughly 10 years of history. Above 60 is long-side versus history, below 40 short-side; above 90 or below 10 is crowded.
- When is COT data for Canadian Dollar updated?
- Weekly. The CFTC releases the Commitments of Traders report every Friday at 3:30pm ET with positions as of the prior Tuesday. This page last updated with data as of Jun 9, 2026.