When Carney met with Trump, traders' bullish sentiment on the Canadian dollar reached the highest level since 2009.

date
07/05/2025
With Canadian Prime Minister Trudeau meeting with US President Trump for the first time since Trudeau took office, the sentiment among traders in the $280 billion Canadian dollar derivatives market has reached its highest level in the past fifteen years. The one-month risk reversal indicator for the Canadian dollar - a key measure of trader sentiment based on the spread between call and put options - currently shows bullish sentiment for the Canadian dollar exceeding 8 basis points, reaching the highest level against the US dollar since the end of 2009.