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Archives : Media Coverage

CANADA FX DEBT-Loonie rises as U.S. data boosts Canada’s exports outlook

Published on Reuters April 30, 2019

“The possibility that the U.S. continues to operate as the consumer of last resort for the global economy would help to brighten Canada’s export prospects,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. Read the full Reuters article here: https://reut.rs/2VD3U6W

The Bank of Canada Shifted to Neutral on Wednesday

Published on 680 News April 24, 2019

Sean Coakley, Market Strategist at Cambridge Global Payments, spoke with 680 News about the Bank of Canada’s statement today. “Canada’s not alone in this bias. We see central banks from around the world move away from tightening interest rates to what is called a more accommodative monetary status. This is really just driven by fear that the global economy is slowing down.” Listen to the clip here: https://bit.ly/2XFZ9qw

Dollar rises broadly; euro slips on German business sentiment drop

Published on Reuters April 24, 2019

“The broader importance of the German data is that market participants had been hoping that the rebound in Chinese monetary conditions, in lending in China, would help to boost demand for German exports and would lift spirits in the euro zone’s core economies,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, to Reuters. Read the full article here: https://reut.rs/2ZxGor6

CANADA FX DEBT-C$ weak as retail sales rise is overshadowed by U.S. data

Published on Reuters April 22, 2019

“Today’s retail sales number was good from (a)far but far from great,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, to Reuters. Read the full article here: https://reut.rs/2Iyzpc4

Dollar rises on strong data; euro, sterling tick lower

Published on Reuters April 11, 2019

The dollar is trading higher “off the back of a very low jobless claims number and fairly robust PPI numbers. Overall what you’re seeing is a shift into dollars on fading expectations for a rate cut later this year,” said Karl Schamotta, chief market strategist at Cambridge Global Payments. Read the full article here: https://reut.rs/2Uz2yKz

The Canadian dollar is in an unstable equilibrium: Strategist

Published on BNN Bloomberg April 5, 2019

Karl Schamotta, chief market strategist at Cambridge Global Payments, joins BNN Bloomberg to provide his outlook for the Canadian dollar and discuss the ongoing U.S.-China trade talks and how it’s impacting the greenback. Watch the video here: https://bit.ly/2FRqRt2

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