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New jobs data comes as a shock

Published on BIV Today Podcast December 10, 2018

Market strategist Sean Coakley (0:49) with Cambridge Global Payments breaks down record-breaking employment data from Statistics Canada in a discussion with Hayley Woodin and Tyler Orton. Listen to the podcast here:

Alberta Employment Grows Despite Oil Plunge

Published on CBC Radio One December 10, 2018

“There is a chance given that the geographic nature of Calgary being the headquarters of corporate Alberta that corporate organizations in Alberta are actually continuing to invest, increase their payrolls because they have different expectations than most market forecasters.” said Sean Coakley, a market analyst at Cambridge, in an interview with CBC Radio One about job growth in Alberta. Listen to it here:

Dollar weak as jobs report disappoints

Published on Reuters December 7, 2018

“This was slightly disappointing on the headline level, but wage growth coming in as expected keeps the Fed on track to raise rates in December,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto, in an interview with Reuters. “The overall effect has been a sell-off in the dollar, largely in a reaction to a lower expectation for rate hikes in 2019.” Read the full article here:

Canadian dollar is at a low altitude following Bank of Canada’s dovish tone

Published on BNN Bloomberg December 6, 2018

Karl Schamotta, director of FX Research at Cambridge Global Payments, joins BNN Bloomberg to discuss his outlook for the Canadian dollar and the Bank of Canada. Watch the video here:

USMCA is not a reason to be dancing on the streets

Published on CBC Radio One December 3, 2018

“This is certainly not something to be dancing in the streets about,” says Karl Schamotta in an interview with CBC Radio One. Listen to it here:

In-line inflation pushes next rate hike to early 2019: Market strategist

Published on New news source November 23, 2018

Karl Schamotta, chief market strategist at Cambridge Global Payments, provides breaking analysis of the latest Canadian retail sales and inflation data for the month of September. Schamotta says stronger-than-expected retail sales reveals more resilient consumer demand, while the inflation data matching expectations suggests the Bank of Canada won’t hike interest rates until early next year. Watch the full video on BNN Bloomberg here:

Fed Hikes Foster Financial Stress For Emerging Markets

Published on 680 News November 21, 2018

“What’s happening is really with the Federal Reserve tightening up their monetary policy, the ability to get access to financing in US dollars in drying up,” says Cambridge’s Sean Coakley in a discussion with 680 News. Listen to the interview here:

CANADA FX DEBT-C$ steadies after hitting 4-month low on oil price slump

Published on Reuters November 13, 2018

The slide in oil prices “is delivering a very, very hard blow to the Canadian dollar,” said Karl Schamotta, director global markets strategy at Cambridge Global Payments in an interview with Reuters. “The correlation between WTI (West Texas Intermediate) and the Canadian dollar has risen quite substantially.” Read the full article here:

Sean Coakley discusses Oil Prices

Published on CBC November 12, 2018

Sean Coakley discusses how the persistent decline in oil prices will affect the Canadian economy in an interview with CBC Radio 1. Listen to the clip here:


Market Strategists

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