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Will the Bank of Canada follow the Fed?

Published on BNN Bloomberg June 28, 2019

Karl Schamotta, chief market strategist at Cambridge Global Payments, joins BNN Bloomberg to weigh in on what’s ahead for the loonie as it continues to trade higher than the U.S. dollar. Watch the video here:

Dollar on hold for Fed, euro falls after Draghi stimulus signal

Published on Reuters June 18, 2019

“Markets are largely keeping the powder dry ahead of tomorrow’s Fed announcement. We’re thinking that we are going to see a relatively dovish announcement, certainly acknowledging that risks have grown since the April meeting,” said Karl Schamotta, chief market strategist at Cambridge Global Payments, citing the expectation in April that a U.S.-China trade deal was near.

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Expect some pressure on the loonie as rate expectations between Canada, U.S. narrow: FX strategist

Published on BNN Bloomberg June 14, 2019

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, joined BNN Bloomberg yesterday to provide his outlook for the Canadian dollar and discusses Donald Trump’s impact on economic. Watch the segment: confidence.

How Trump could push Canada into a recession within 12 months

Published on Yahoo Finance June 11, 2019

“The probability of recession is rising – political turmoil surrounding Donald Trump’s trade wars has spread into the financial markets, raising uncertainty levels and threatening to weaken economies (like Canada’s) that are inextricably linked to the United States,” Karl Schamotta told Yahoo Finance Canada.

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