Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsEconomyHedge funds turn most negative on Canadian dollar since 2024The negative positioning comes as Canada’s currency heads for its worst weekly performance in over a monthAuthor of the article:Last updated 5 minutes ago You can save this article by registering for free here. Or sign-in if you have an account.The loonie has underperformed most of its major peers this year due to softness in the Canadian economy and an unfavourable interest-rate differential with the U.S. Photo by Brent Lewin/BloombergHedge funds have accumulated the most negative bets on the Canadian dollar in two years as the threat of American tariffs drags on the currency.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorLeveraged money managers held 99,823 contracts tied to wagers on a weaker loonie in the week ending July 21, according to Commodity Futures Trading Commission data released on Friday. That’s the largest amount going back to August 2024.The negative positioning comes as Canada’s currency heads for its worst weekly performance in five weeks. The loonie has fallen 0.5 per cent this week against its United States counterpart, pressured lower by escalating trade tensions between the neighbouring nations.SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of FP West: Energy Insider will soon be in your inbox.We encountered an issue signing you up. Please try againLast week, the Trump administration vowed to impose a fresh 50 per cent tariff on some Canadian goods over what it said was unfair treatment of American alcohol, cars and dairy. That’s added to pressure on the loonie, which has underperformed most of its major peers this year due to softness in the Canadian economy and an unfavourable interest-rate differential with the U.S. Join the Conversation This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.