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Canada stock markets, abruptly shut by technical issue, to resume on Monday

Published on Reuters April 27, 2018

Following Friday’s TMX technical issue Cambridge’s Karl Schamotta commented, “it certainly appears to be a technical glitch but there does not seem to be a lot of information about exactly what caused it.”  “In true Canadian fashion, most traders declared ‘beer o’clock’ when they saw that the TMX was closed.”

Karl Schamotta Joins 660 NEWS in Calgary

Published on 660 NEWS Calgary April 27, 2018

Karl Schamotta joins 660 NEWS in Calgary to discuss rising trade tensions and what that means for the economy and loonie.

Euro dips after ECB holds rates, dollar bounces as shorts unwind

Published on Reuters April 26, 2018

The euro dropped to session lows on Thursday after ECB President Mario Draghi hailed “solid” eurozone growth but kept rates unchanged, as dollar short positions unwound on strong U.S. economic data. Karl Schamotta comments in Reuters:

FOREX-Euro at session lows as ECB holds on policy, dollar shorts unwind

Published on Reuters April 26, 2018

Draghi “articulated a rising sense of concern about the economic momentum that sustained the eurozone during the last quarter of last year,” said Cambridge’s Karl Schamotta. Read more here:

Earnings lift global stocks as U.S. yields dip; euro weakens after ECB

Published on Reuters April 25, 2018

A gauge of global equities advanced on Thursday, buoyed by a round of solid quarterly earnings in Europe and the United States, while the euro weakened after the head of the European Central Bank hailed “solid” economic growth but kept interest rates unchanged. Read comments from Karl Schamotta in Reuters:

Risk appetite return lifts stocks, dollar; supply drives oil up

Published on Reuters April 12, 2018

“It’s a reversal of the safe-haven trade that lifted the yen and the Swiss franc earlier in the week,” said Cambridge’s Karl Schamotta comments in Reuters


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