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.
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.
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.
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.
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.”