Canadian Dollar’s Resilience at Risk as Central Bankers Meet

One of the most resilient currencies of early March — the Canadian dollar — is at risk of losing its edge as the nation’s central bankers gather this week to assess its weakened economy.

Tim Baker, Deutsche Bank’s head of foreign-exchange research for the Americas, is among those on Wall Street who is taking a more negative view on the loonie ahead of Wednesday’s Bank of Canada meeting. While the central bank is expected to hold its key rate steady, Baker says officials’ tone could be enough to pressure the currency.