Canadian dollar COT report this week
Where large speculators stand in CME Canadian dollar futures (100,000 Canadian dollars per contract), with the last 52 weeks and what it means for USDCAD. Built from the CFTC report every Friday.
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QR code, size and install stepsThe last 52 weeks
Weekly net position of large speculators (non-commercial longs minus shorts); the dashed line is zero. Positions on 27 Oct 2026, published on 30 Oct 2026.
What it means for USDCAD
USDCAD is quoted the other way round to the future. Speculators who are net long Canadian dollar futures hold a position that gains when USDCAD falls; a net short in CAD futures is the futures side of a rising USDCAD.
The Canadian dollar is tied to crude oil: Canada is one of the largest oil exporters, so the loonie and oil prices often move together, and speculators' position mixes their oil view with what they expect from the Bank of Canada.
When the next report comes out
The CFTC publishes on Friday at 3:30 pm New York time (Fri 6 Nov): that is Sat 7 Nov, 1:30 AM PKT in Pakistan and Sat 7 Nov, 2:00 AM IST in India. The positions it shows are from the Tuesday before.
Get the COT report every Saturday on Telegram → t.me/icccharts
Questions
Why compare the CAD COT report with crude oil?
Because oil is Canada's biggest export. A rising net long in CAD futures next to a rising crude oil position tells a consistent story; when the two disagree, rates usually explain the gap.
What does a net short in CAD futures mean for USDCAD?
That large speculators are positioned for a weaker Canadian dollar, which on the chart is a higher USDCAD. It describes their bet, not where the price goes next.
Which loonie contract is behind these figures?
CME Canadian dollar futures, 100,000 Canadian dollars per contract, from the CFTC legacy futures-only report: the non-commercial long and short positions.
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