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Canada adds 53,700 jobs in September with wages growing 4.3%, surprising yet again

Published on BNN Bloomberg October 11, 2019

Karl Schamotta, chief market strategist at Cambridge Global Payments, joined BNN Bloomberg to discuss latest Canadian jobs data, which has surprised again. In addition to 53,700 jobs added in September, wages grew 4.3 per cent. September’s gains were led by the health care sector. Watch the video here:

Risk-on flavour to markets following Fed’s rate cut

Published on BNN Bloomberg September 20, 2019

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, joins BNN Bloomberg to weigh in on how the U.S. dollar is moving following the Federal Reserve’s rate cut. Watch the video here:

Dollar falls as some central banks outside U.S. hold rates steady

Published on Financial Post September 19, 2019

Some analysts also attributed lower demand for the greenback as stress in U.S. money markets has subsided with the Fed injecting over $200 billion in temporary cash into the banking system since Tuesday. “The shortage of dollars has eased somewhat. With a possible crisis averted, you have people moving back into other currencies,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto, to the Financial Post. Read the article here:

B.C. mining mogul predicts explosive gold market

Published on Business Vancouver September 19, 2019

The year-to-date price appreciation of gold has been sizable, said Sean Coakley, market strategist with Cambridge Global Payments to BIV.

“What we’re seeing is an emergence of fear – fear and a risk-off sentiment – and generally that’s positive for gold relative to, say, equities or bonds,” explained Coakley, calling the shift toward gold-denominated assets and bullion a tactical move on the part of investors.

Read the full BIV article here:

Adopting FinTech to Help Others

Published on Payments Business September 18, 2019

Brightwell partnered with Cambridge Global Payments in Adopting FinTech to Help Others – by Christopher Morris and Brian Laneheart for Payments Business Magazine’s September/October 2019 issue. The article starts on page 19:

Changes to anti-money laundering rules create uncertainties and capture virtual currencies

Published on New news source September 17, 2019

Financial entities must revamp policies and procedures to adhere to new regulations in the Proceeds of Crime (Money Laundering) and Terrorist Financing Act, that was announced in July by the Department of Finance. One of the most significant changes involves the regulation surrounding the reporting of suspicious transactions from “within 30 days” to “as soon as reasonably practicable.”

“This is a hot-button issue,” says Karen Bannon, chief compliance officer for corporate payments at FLEETCOR Companies, Cambridge Global Payments & Comdata, told Canadian Lawyer Magazine. “With this subjective analysis of when something becomes suspicious, it becomes very difficult from a systems perspective to say ‘okay, file today or file tomorrow’. It would be better in my view to have a specific date because then you can make a calculation and the system tracks it and sends you reminders.”

Read the full article here:

FOREX-Yen slips as global tensions abate, pound gains

Published on Reuters September 5, 2019

The pound rose to its highest level against the dollar in more than a month on hopes that a no-deal Brexit would be avoided.

“Funding currencies are in retreat on a ratcheting down of tensions on a global basis,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments in Toronto, to Reuters. Read the article here:

Bank of Canada appears more confident in the strength of the economy

Published on 680 News September 5, 2019

Cambridge’s Sean Coakley saidIf we look at today’s report where more or less they decided to stay pat and the resulting news release that came along with it, we can see that the Bank of Canada was much more confident in the strength of the Canadian economy, irrespective of the developments of what we have seen outside of the Canadian economy.”

Listen to it here:


BoC will be compelled to move once consumer sentiment falls: Market strategist

Published on New news source September 4, 2019

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, joins BNN Bloomberg to weigh in on the Bank of Canada’s latest policy announcement. Watch the video here:


Market Strategists

Craig Killaby

Corporate FX Dealer

Matt Eidinger

Fintech Specialist, Dealing Operations

Don Curren

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Sean Coakley

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Richard Breen

Head of Treasury and Trading, APAC

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Karl Schamotta

Chief Market Strategist, North America

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