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From ‘rocky start’ to a ‘seminal speech’: How Poloz spoke to Bay Street

Published on BNN Bloomberg December 13, 2019

“From a communications perspective, Poloz got off to a rocky start – the January 2015 rate cut was not well articulated in advance, and triggered shock (not awe) when it dropped. But he learned from that episode, and took steps to improve transparency during his tenure… – Karl Schamotta, chief market strategist at Cambridge Global Payments

Read the full article here

Wall Street gains modestly after Fed signals rates to hold steady for some time

Published on Financial Post December 11, 2019

“You are looking at a cautiously optimistic Fed,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto. “The tone that you see through the statement and projections suggest that they believe that they have taken out enough insurance to prevent a downturn.”

Read the full article here.

Stephen Poloz to step down as Bank of Canada Governor

Published on BNN Bloomberg December 6, 2019

Stephen Poloz has announced he will not seek a second term as Governor of the Bank of Canada and will step down in June of next year. Karl Schamotta, chief market strategist at Cambridge Global Payments, discusses Poloz’s track record and who may replace him as head of our central bank.

Watch the video here.

‘If you’re looking for a tailwind from the BoC, it’s not coming’

Published on Wealth Professional Canada December 5, 2019

“They’re probably not going to see a rate cut from the Bank of Canada until we see a real material deterioration in the Canadian economy, specifically with respect to employment,” Coakley told WP. “We’ll have to see an increase in unemployment before they start to act, because their real concern is household debt.”

Read the full article here.

Economists are preparing for the latest interest rate announcement from the Central Bank, but a number of them are not expecting a change in rates: Market Strategist

Published on 680 News December 4, 2019

Cambridge’s Market Strategist, Sean Coakley, comments on the latest interest rate announcement from the Central Bank.

Listen to it here. 

The most important Canadian economic charts to watch in 2020

Published on MacLean's December 4, 2019

Cambridge’s Karl Schamotta has made MacLean’s annual charts to watch list for the third time in a row. The list identifies the most important Canadian economic charts to watch in 2020 with more than 80 charts from the experts on jobs, GDP, real estate, trade plus so much more.

See the list here.

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