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FOREX-Yen slips as global tensions abate, pound gains

Published on Reuters September 5, 2019

The pound rose to its highest level against the dollar in more than a month on hopes that a no-deal Brexit would be avoided.

“Funding currencies are in retreat on a ratcheting down of tensions on a global basis,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments in Toronto, to Reuters. Read the article here: https://reut.rs/2kx4By3

Bank of Canada appears more confident in the strength of the economy

Published on 680 News September 5, 2019

Cambridge’s Sean Coakley saidIf we look at today’s report where more or less they decided to stay pat and the resulting news release that came along with it, we can see that the Bank of Canada was much more confident in the strength of the Canadian economy, irrespective of the developments of what we have seen outside of the Canadian economy.”

Listen to it here: https://bit.ly/2lATrsl

 

BoC will be compelled to move once consumer sentiment falls: Market strategist

Published on New news source September 4, 2019

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, joins BNN Bloomberg to weigh in on the Bank of Canada’s latest policy announcement. Watch the video here: https://bit.ly/2ktBdJ0

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