Published on BNN Bloomberg November 22, 2019
The subdued moves in the currency market have created an environment where corporations are becoming less willing to pay up for hedging protection they haven’t needed, according to Cambridge Global Payments, which advises companies on cross-border transactions. For multinational companies looking to trim hedging costs, the risk is that volatility erupts again and the subsequent currency moves “destroy profits,” said Cambridge’s Karl Schamotta.
Published on Financial Post November 20, 2019
“While the speech by Senior Deputy Governor Carolyn Wilkins was enough to unsettle the loonie, which lost about 0.3 per cent after it (was) released, it in no way signalled that Canada’s central bank is actively considering lower interest rates in the near future,” Don Curren, a market strategist at Cambridge Global Payments, advised the firm’s clients in an email.
Published on Reuters November 19, 2019
“The open-ended tone of Wilkins’ remarks arguably pushed the Bank slightly closer to the easing posture that’s been adopted by other key central banks in recent months,” Don Curren, a market strategist at Cambridge Global Payments, said in a note to Reuters.
Published on Financial Post November 13, 2019
“While today’s relatively nondescript report won’t have a large impact on expectations about monetary policy at the Bank of Canada, it does add some weight, on the margin, to the view the Bank could cut rates in next few months,” said Don Curren, market strategist, at Cambridge Global Payments.
Published on Wealth Professional Canada November 11, 2019
Sean Coakley, market strategist at Cambridge Global Payments, got on the phone with WP to explain why advisors ought to preserve capital after last week’s decisions by the fed to cut rates and the Bank of Canada to hold steady. Read the article here: https://bit.ly/32A5xlk