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U.S. dollar share of global currency reserves fell in fourth quarter 2018

Published on Reuters March 29, 2019

“In terms of official flows, central banks’ building up reserves, there has been a move toward diversification and that has primarily been led by greater usage of other currencies in international payments,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto, to Reuters. Read the full article here: https://reut.rs/2U4u2HO

Dollar climbs vs euro on German PMI miss; yen strong

Published on Reuters March 22, 2019

“It helps to reinforce the idea that we are looking at a more meaningful and more widespread slowdown than markets had anticipated a few months ago,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, to Reuters. Read the full article here: https://reut.rs/2uo3SRd

Loonie loses altitude, but Fed holding could support currency: Market strategist

Published on BNN Bloomberg March 22, 2019

Karl Schamotta, chief market strategist at Cambridge Global Payments, joins BNN Bloomberg to provide his outlook for the Canadian dollar, the U.S. Federal Reserve after the central bank signaled no rate hikes for this year. Watch the video here: https://bit.ly/2TnzvEw

Sterling flat after May’s Brexit plan defeated; dollar lower

Published on Reuters March 12, 2019

“The market had mostly priced in a defeat which is why the pound is not crossing key psychological levels of support against the dollar,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, to Reuters. “This is putting us on course for a delay in the Brexit process.” Read the full article here: https://reut.rs/2TJNita

Why investors should be cautious over interest rate call

Published on Wealth Professional Canada March 8, 2019

Sean Coakley told WP: “If you look beyond the current period – three months, six months, a year, 18 months – this latest event is not necessarily a positive. It’s a result of weak economic data in Q4 and maybe the start of a trend. We’ve seen continued robustness in the Canadian labour market but much of that has been driven by employment growth in the construction sector.” Read the full article here: https://bit.ly/2NN044T

Canada added 56,000 jobs last month, blowing past expectations

Published on CBC March 8, 2019

Karl Schamotta, chief market strategist for Cambridge Global Payments, is a bit worried about job concentration in Ontario because of what’s happening in the province’s housing market.

“If our debt-funded, real estate-backed consumption thesis is correct, national employment conditions could worsen over the coming months,” he said to CBC News after the numbers came out. Read the full CBC News article here: https://bit.ly/2tXMKBs

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