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Is a global recession coming? Here’s why analysts are worried

Published on CTV News Channel August 15, 2019

“We are seeing investors really looking for safety in the long-term investments. They’re lending to governments at very, very cheap rates, and they’re much, much less confident about what will happen over that time period,” Karl Schamotta, Chief Market Strategist for Cambridge Global Payments, told CTV News Channel. Read more: https://bit.ly/31HhllK

Hopes for trade war truce emerge as U.S. scales back Chinese tariff threat

Published on New news source August 14, 2019

“Although clearly taken with the aim of furthering political objectives, the decision to postpone additional tariffs on China will be encouraging news for global markets — but may be too little, too late,” says Karl Schamotta to CBC News about the move he believes was clearly designed “to alleviate pressure on American consumers as they head into a critical holiday-punctuated election season.” Read the article here: https://bit.ly/33yHEMo

Trump delays China tariffs

Published on CTV News Channel August 14, 2019

“China is willing to upset the White House, if need to be, in order to stabilize the domestic economy,” says Karl Schamotta to CTV News regarding the trade war between the U.S. and China. Watch the video here for more insights: https://bit.ly/2Z4apRN

U.S. scales back China tariff threats, hopes rise for trade truce

Published on CBC August 14, 2019

Cambridge’s Karl Schamotta spoke with CBC News about how the U.S. may have miscalculated how far China is willing to go to extend its influence all over the world. Watch the video here: https://bit.ly/33vAp84

How currencies are reacting to the U.S.’s plan to delay some tariffs on China

Published on BNN Bloomberg August 14, 2019

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, joins BNN Bloomberg to discuss the impact we’re seeing on the currency market after the U.S. said that it would be delaying some additional tariffs on Chinese imports. He also weighs in on the fall of the Argentine Peso. Watch the video here: https://bit.ly/2KGwCfC

U.S. delays 10% Chinese tariff on toys, electronics, games and clothes

Published on CBC August 13, 2019

“Although clearly taken with the aim of furthering political objectives, the decision to postpone additional tariffs on China will be encouraging news for global markets – but may be too little, too late,” said Cambridge’s Karl Schamotta. Read the full CBC News article here: https://bit.ly/33yHEMo

U.S.-China trade war continues

Published on CBC August 13, 2019

Cambridge’s Karl Schamotta joined the CBC’s weekend business panel to discuss the ongoing trade war between China and the U.S., as well as the trading relationship between Canada and Britain in a post-Brexit world. Watch the video here: https://bit.ly/2OTKfgS

Trump unable to influence the Fed decision: Schamotta

Published on BNN Bloomberg August 9, 2019

Karl Schamotta, Chief Market Strategist at Cambridge Global Payments, joins BNN Bloomberg’s Greg Bonnell to give his reaction to the Federal Reserve rate hike. Watch the video here: https://bit.ly/2EAaL87

CANADA FX DEBT-C$ weakens amid falling oil prices, rising trade concerns

Published on Reuters August 8, 2019

“A perfect storm is definitely what we are seeing in the Canadian dollar right now where we are receiving shocks from falling oil prices, rising global trade tensions and financial turmoil, all at the same time,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. Read the Reuters article here: https://reut.rs/2ZK5SRM

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Market Strategists

Craig Killaby

Corporate FX Dealer

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Fintech Specialist, Dealing Operations

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Stephen Casey

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Chief Market Strategist, North America

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