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Risk-on flavour to markets following Fed’s rate cut

Published on BNN Bloomberg September 20, 2019

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, joins BNN Bloomberg to weigh in on how the U.S. dollar is moving following the Federal Reserve’s rate cut. Watch the video here: https://bit.ly/2mrfvpF

B.C. mining mogul predicts explosive gold market

Published on Business Vancouver September 19, 2019

The year-to-date price appreciation of gold has been sizable, said Sean Coakley, market strategist with Cambridge Global Payments to BIV.

“What we’re seeing is an emergence of fear – fear and a risk-off sentiment – and generally that’s positive for gold relative to, say, equities or bonds,” explained Coakley, calling the shift toward gold-denominated assets and bullion a tactical move on the part of investors.

Read the full BIV article here: https://bit.ly/2kpZuQ6

Adopting FinTech to Help Others

Published on Payments Business September 18, 2019

Brightwell partnered with Cambridge Global Payments in Adopting FinTech to Help Others – by Christopher Morris and Brian Laneheart for Payments Business Magazine’s September/October 2019 issue. The article starts on page 19: https://lnkd.in/gMkbqXh

Changes to anti-money laundering rules create uncertainties and capture virtual currencies

Published on New news source September 17, 2019

Financial entities must revamp policies and procedures to adhere to new regulations in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, that was announced in July by the Department of Finance. One of the most significant changes involves the regulation surrounding the reporting of suspicious transactions from “within 30 days” to “as soon as reasonably practicable.”

“This is a hot-button issue,” says Karen Bannon, chief compliance officer for corporate payments at FLEETCOR Companies, Cambridge Global Payments & Comdata, told Canadian Lawyer Magazine. “With this subjective analysis of when something becomes suspicious, it becomes very difficult from a systems perspective to say ‘okay, file today or file tomorrow’. It would be better in my view to have a specific date because then you can make a calculation and the system tracks it and sends you reminders.”

Read the full article here: https://bit.ly/2kOmvfN

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

 

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