This article was published more than 4 years ago. Some information in it may no longer be current.
Canadian dollar sentiment has shifted dramatically over the past couple months.
Net long positions in the loonie broke into positive territory last week for the first time since May of 2015, according to Commodity Futures Trading Commission data, meaning bets the currency will appreciate outnumber those it will decline. Short positions in the Canadian dollar – or, bets against the loonie – have declined for 10 consecutive weeks.
As of Monday afternoon, the Canadian dollar has climbed 7.26 per cent this year, and is trading at 77.52 cents (U.S.).