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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

Why investors should be cautious over interest rate call

Published on Wealth Professional Canada March 7, 2019

Sean Coakley, of Cambridge Global Payments, 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

We should be concerned about the outlook for Canada’s economy: Market strategist

Published on BNN Bloomberg March 6, 2019

Karl Schamotta, chief market strategist at Cambridge Global Payments, joins BNN Bloomberg to discuss the Bank of Canada’s decision to keep the key rate unchanged. Watch the video here: https://bit.ly/2TBFxp2

Canadian Interest Rate Hike Not Likely

Published on 680 News March 6, 2019

Sean Coakley, Cambridge Market Strategist, comments on the slowdown of the Canadian economy and its implications for the Bank of Canada on 680 News. Listen to the clip here: https://bit.ly/2EORyza

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