Canadian Dollar: Shorts jump despite recession – Rabobank
Rabobank strategists Molly Schwartz and Jane Foley report that Canadian Dollar (CAD) net short positions have surged about 36% to their highest level since December 2025. The Canadian Dollar was the second-worst performing G10 currency in May, as Q1 Gross Domestic Product (GDP) slipped to -0.1% q/q annualized, signaling a technical recession. Nevertheless, markets still price around 1.25 Bank of Canada (BoC) hikes by year end.
Loonie pressured but hikes still priced
"CAD net short positions jumped by around 36% to the highest level since December 2025."
"CAD was the second-to-worst performing G10 currency in May."
"Canadian Q1 GDP registered a slip to -0.1% q/q annualized, marking a technical recession."
"However, the market is still pricing in around 1.25 BoC hikes by year end."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The US stock Q3 earnings season kicks off: Profit growth expected to approach 30%. Can this boost the S&P 500 to new highs?
The AI engine is running at full speed, with S&P 500 profit growth approaching 30%. However, the deterioration in market breadth and high U.S. Treasury yields remain concerns.
Where is Muse's commercialization stuck? Barred from two-thirds of websites
Meta AI agent Muse faces commercialization difficulties: According to Jefferies' tests on hundreds of e-commerce, airline, and hotel websites, about one-third directly block Muse, another third set up access obstacles, and the core technical challenge has shifted from "Is the model good enough?" to "Can it even get in?" This friction in access will prolong the monetization timeline and objectively reinforce Google’s structural moat.
From Hugging Face to Figure Robots: How NVIDIA Is Betting Billions on the Future of the AI Ecosystem
Jensen Huang is personally leading the $12.9 billion acquisition of Hugging Face and negotiating an additional $1 billion investment in Figure Robotics. To mitigate the risk of "three major customers contributing 44% of revenue," Nvidia is restructuring its landscape with transactions exceeding $140 billion, making heavy bets on humanoid robots and local AI. The core strategy is to use capital to create a "thousand-model era," supporting massive application scenarios to break the monopoly of tech giants and firmly anchor future computing power demand.
Crypto prices
More
