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Canada’s GDP shows ‘worrisome’ weakness in business investment: Strategist

Published on BNN Bloomberg August 30, 2019

Karl Schamotta (@vsualst) appeared on BNN Bloomberg to discuss Canada’s second-quarter GDP data. Watch the video here: https://buff.ly/2MMDrj3

Libra Needs Facebook Users to Help Break Into $714 Billion Payments Market

Published on Bloomberg August 27, 2019

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, told Bloomberg that even though Facebook’s Libra would be a unified currency, “each country in the world has idiosyncratic regulatory regimes, fragmented banking standards, and a whole lot of things that throw sand in the gears that prevents the smooth transfer of money.” Read the full article here: https://bloom.bg/2ZrrYvf

C$ trims earlier gains as the greenback rallies on Fed minutes

Published on Financial Post August 21, 2019

“The Canadian dollar and other major currencies are selling off in response to a lowering of odds of further monetary easing from the Federal Reserve,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. But “the inflation data this morning is underpinning the rally that we’ve seen.” Read the Financial Post article here: https://bit.ly/2ZhdNFa

Bank of Canada ‘caught between a rock and Trump’ even as inflation hits target: Market strategist

Published on BNN Bloomberg August 21, 2019

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, provides breaking analysis of the latest report on Canadian inflation, and discusses his outlook for how the Bank of Canada will on interest rates. Watch the BNN video here: https://bit.ly/2NiOZu5

Dollar firms, global stocks soar on ECB rate cut expectations

Published on Reuters August 19, 2019

“Markets are still betting on a raft of stimulus measures from the ECB in September and that is having a pretty strongly negative effect on the euro,” Cambridge’s Karl Schamotta said to Reuters. “But in the near term, this idea that we could see more spending out of Germany is helping to alleviate that.” Read the full article here: https://reut.rs/2MqgxxY

Is a global recession coming? Here’s why analysts are worried

Published on CTV News Channel August 15, 2019

“We are seeing investors really looking for safety in the long-term investments. They’re lending to governments at very, very cheap rates, and they’re much, much less confident about what will happen over that time period,” Karl Schamotta, Chief Market Strategist for Cambridge Global Payments, told CTV News Channel. Read more: https://bit.ly/31HhllK

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