Stay Connected

Our News Centre and Blog is your link to a dynamic network of information, people, and ideas curated by our FX and payments experts.

Archives : Media Coverage

CANADA FX DEBT-C$ falls as trade spat with U.S. raises ‘downside risk’ for currency

Published on Reuters August 7, 2020

“The potential for border skirmishes to turn into a wider trade war is increasing downside risk for the Canadian dollar,
particularly ahead of the November election in the United States,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments to Reuters.

Read the article here.

Canada added 418,500 jobs in July as economies reopen

Published on Yahoo News August 7, 2020

“The Canadian dollar weakened modestly after the release. Monthly employment data, historically among the leading market movers in foreign exchange, has been relatively toothless of late,” said Don Curren, market strategist and content editor, at Cambridge Global Payments.

Read the full article here.

Better than expected jobs data, but not yet a ‘tremendously positive story for Canada’: Strategist

Published on BNN Bloomberg August 7, 2020

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments joins BNN Bloomberg with reaction to the latest Canadian and U.S. jobs data. Canada added 418,500 jobs in July vs. the 380,000 estimate. Unemployment fell to 10.9 per cent in July vs. the 11 per cent estimate. He says to expect continued weakness in full-time employment and higher-skilled jobs. 

Watch the video here.

Dollar dips as risk appetite improves on strong earnings, stimulus hopes

Published on Reuters August 5, 2020

“Clearly we have seen risk appetite rebound on global markets and sort of a return of the theme of a U.S. underperformance relative to world counterparts,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments in Toronto.

Read the article here.

It’s like the pandemic never happened, at least for canola and the loonie

Published on The Western Producer August 4, 2020

“You’re looking at an asymmetric risk environment: the Canadian dollar could grind its way further up the stair, or it could call down an elevator shaft. So it makes sense to hedge yourself using option strategies that protect against a rally in the loonie, while preserving participation in renewed weakness.”

Read the article here.