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Instant view: Britain and the European Union agree a trade deal

Published on Reuters December 24, 2020

“Relief on global markets is palpable, with the news helping to remove a major source of uncertainty clouding the economic outlook – but that’s nothing in comparison with the comfort felt by foreign exchange analysts as they look forward to a time in which the word ‘Brexit’ is largely resigned to the history books.”

Read Cambridge’s Karl Schamotta’s comments in the Reuters article here.

INSTANT VIEW 3-U.S. labels Switzerland, Vietnam currency manipulators

Published on Reuters December 16, 2020

“There’s been a shift in part because … there’s a greater acceptance of flexible exchange rates.” KARL SCHAMOTTA, CHIEF MARKET STRATEGIST, CAMBRIDGE GLOBAL PAYMENTS, TORONTO

“The U.S. speaks loudly, but carries a small stick when it comes to currency manipulation. Markets generally consider the list of approved sanctions to be toothless, and no serious proposals to apply capital controls or engage in counter-intervention have made it through Congress.”

Read the article here.

Can FleetCor build a well-oiled machine from its M&A parts?

Published on PaymentsSource December 16, 2020

There is a method to the madness, according to Mark Frey, longtime president of Canada-based Cambridge, which derives about a third of its revenue from currency-hedging along with global corporate cross-border payments.

Cambridge and Los Angeles-based AFEX are in similar businesses but operate in different regions. Putting them together under FleetCor’s umbrella is more useful for corporations looking for an all-in-one global solution, Frey said.

Read the article here.

Charts to watch in 2021: The most important Canadian economic graphs for the year ahead

Published on MacLean's December 7, 2020

When it came time to compile this year’s collection of charts to watch, our seventh annual year-end chartstravaganza, it was obvious the elephant in the room would be 0.125 microns in size. COVID-19 has left its mark on every facet of our lives and by extension, the economy. The disruption to how we live, work and interact with each other caught the entire world off guard. As one economist remarked when approached for a chart this year, “perhaps an epidemiologist would have more insight into 2021 than an economist.”

Read the full report here.

FOREX-Dollar on track for worst week in a month, soft U.S. jobs data shrugged off

Published on Reuters December 4, 2020

Despite the weak jobs data, Don Curren, market strategist at Cambridge Global Payments, said “the key drivers in foreign exchange are likely to remain the two narratives that have dominated trading in recent sessions – excitement over the renewed possibility that Congress might forge another fiscal stimulus package in the U.S., and enthusiasm about the rapid progress being made on the development of vaccines for COVID-19.”

Read the article here.

Sean Coakley Comments on Market’s Reaction to Covid-19 Vaccine Projections

Published on 680 News November 30, 2020

Sean Coakley, Market Strategist at Cambridge Global Payments, spoke to 680 News Business Report about the financial markets’ reactions to Canada’s COVID-19 vaccine projections.

Listen to it here.

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