Goldman Sachs says Canadian dollar remains resilient among G10 currencies despite softer domestic data and below‑expectation March inflation.
Economists expect Bank of Canada to hold rates at April meeting, while USMCA uncertainty may pressure CAD ahead of July 1 deadline.
Analysts note CAD’s performance is tied to oil‑price shocks and dollar movements, with high sensitivity in Goldman’s GSTOT framework.
CAD could underperform if risk sentiment improves and commodity markets relax, due to its dollar beta.