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CANADA FX DEBT-Canadian dollar notches biggest gain in three weeks as oil surges

Published on Reuters April 30, 2020

The Canadian dollar is benefiting from “a surge in West Texas Intermediate (oil) prices,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. “Also, behind the scenes we are seeing continued signs of easing in financial conditions.”

Read the full Reuters article.

Dollar eases but euro zone stimulus uncertainty keeps euro in check

Published on Reuters April 24, 2020

“Just as with a second marriage, the euro’s rally turned out to be a triumph of hope over experience,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments in Toronto to Reuters. “European leadership disappointed once again, failing to reach an agreement on a collective rescue package. This means the euro area is likely to lag the United States in the race to recover.”

Read the full Reuters article here.

Dollar cedes early gains vs euro as investors look to euro zone stimulus

Published on Financial Post April 23, 2020

“The euro is snapping back a bit on the possibility that European leaders reach some form of agreement and provide stimulus to the area that helps to put a floor under the economy,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments in Toronto.

Read the full article here.

Global pact forged to drastically cut oil production to contain price crash

Published on CBC April 13, 2020

“Perhaps most importantly, economic conditions continue to worsen on a global basis, with shutdowns extending, trade flat lining, and unemployment levels surging to historic levels. Demand declines may outpace any production cuts, leaving storage facilities to continue filling,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto, to CBC.

Read the article here.

Stocks jump on virus hopes, oil hit by OPEC+ delay

Published on Financial Post April 6, 2020

“Also weighing on the pound were fears other senior government officials who were in the same briefing as Prime Minister Boris Johnson could be affected by the virus,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto, Canada.

Read the article here.

Don’t go so soon: Some say extension for Bank of Canada chief could boost confidence amid coronavirus

Published on Financial Post April 1, 2020

Karl Schamotta spoke to the Financial Post about his thoughts around extending Bank of Canada Governor Stephen Poloz’s tenure past its June expiration. “Perception issues … tend to dog new central bankers” and Poloz staying in the position would help avert that, Schamotta says.

Read it here.