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Sterling flat after May’s Brexit plan defeated; dollar lower

Published on Reuters March 12, 2019

“The market had mostly priced in a defeat which is why the pound is not crossing key psychological levels of support against the dollar,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, to Reuters. “This is putting us on course for a delay in the Brexit process.” Read the full article here: https://reut.rs/2TJNita

Why investors should be cautious over interest rate call

Published on Wealth Professional Canada March 8, 2019

Sean Coakley told WP: “If you look beyond the current period – three months, six months, a year, 18 months – this latest event is not necessarily a positive. It’s a result of weak economic data in Q4 and maybe the start of a trend. We’ve seen continued robustness in the Canadian labour market but much of that has been driven by employment growth in the construction sector.” Read the full article here: https://bit.ly/2NN044T

Canada added 56,000 jobs last month, blowing past expectations

Published on CBC March 8, 2019

Karl Schamotta, chief market strategist for Cambridge Global Payments, is a bit worried about job concentration in Ontario because of what’s happening in the province’s housing market.

“If our debt-funded, real estate-backed consumption thesis is correct, national employment conditions could worsen over the coming months,” he said to CBC News after the numbers came out. Read the full CBC News article here: https://bit.ly/2tXMKBs

Why investors should be cautious over interest rate call

Published on Wealth Professional Canada March 7, 2019

Sean Coakley, of Cambridge Global Payments, told WP: “If you look beyond the current period, three months, six months, a year, 18 months, this latest event is not necessarily a positive. It’s a result of weak economic data in Q4 and maybe the start of a trend. We’ve seen continued robustness in the Canadian labour market but much of that has been driven by employment growth in the construction sector.” Read the full article here: https://bit.ly/2NN044T

We should be concerned about the outlook for Canada’s economy: Market strategist

Published on BNN Bloomberg March 6, 2019

Karl Schamotta, chief market strategist at Cambridge Global Payments, joins BNN Bloomberg to discuss the Bank of Canada’s decision to keep the key rate unchanged. Watch the video here: https://bit.ly/2TBFxp2

Canadian Interest Rate Hike Not Likely

Published on 680 News March 6, 2019

Sean Coakley, Cambridge Market Strategist, comments on the slowdown of the Canadian economy and its implications for the Bank of Canada on 680 News. Listen to the clip here: https://bit.ly/2EORyza

The value of AI

Published on Canadian Equipment Finance March 4, 2019

Canadian Equipment Finance magazine featured an article by Cambridge’s Daniil Saiko, Technical Sales Director, regarding the effects of machine learning within the financial services industry and its potential to alter the way businesses and consumers experience transactions and services. To find out more read “The value of AI” (Page 16) here: https://bit.ly/2Eumjbn

“Tread very carefully” — myths of Millennial homeownership (BIV Today No. 199)

Published on BIV Today Podcast March 4, 2019

Cambridge Global Payments’ Sean Coakley (14:57) dives into Canada’s underwhelming economic performance and explains how this could influence the central bank’s upcoming monetary policy decision in an interview with BIV’s Tyler Orton. Listen to the podcast here: https://bit.ly/2tRArGA

Canada’s economy is barely growing, putting stimulus on the table

Published on Yahoo Finance Canada March 1, 2019

“Growth in the Canadian economy slowed dramatically last quarter as business investment and household spending fell – sharply lowering the likelihood of another rate increase from the Bank of Canada in the coming months,” said Karl Schamotta in a research note in a Yahoo Finance article. Read the full article here: https://yhoo.it/2GTNnEu

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Market Strategists

Craig Killaby

Corporate FX Dealer

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Matt Eidinger

Fintech Specialist, Dealing Operations

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Don Curren

Content Editor

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Sean Coakley

Regional Account Manager, Canada

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Richard Breen

Head of Treasury and Trading, APAC

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Stephen Casey

Regional Director, Risk Management Solutions

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Karl Schamotta

Chief Market Strategist, North America

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Mark Frey

President

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