Stay Connected

Our News Centre and Blog is your link to a dynamic network of information, people, and ideas curated by our FX and payments experts.

Stocks jump on virus hopes, oil hit by OPEC+ delay

Published on Financial Post April 6, 2020

“Also weighing on the pound were fears other senior government officials who were in the same briefing as Prime Minister Boris Johnson could be affected by the virus,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto, Canada.

Read the article here.

Don’t go so soon: Some say extension for Bank of Canada chief could boost confidence amid coronavirus

Published on Financial Post April 1, 2020

Karl Schamotta spoke to the Financial Post about his thoughts around extending Bank of Canada Governor Stephen Poloz’s tenure past its June expiration. “Perception issues … tend to dog new central bankers” and Poloz staying in the position would help avert that, Schamotta says.

Read it here.

Dollar rises to record highs as businesses prepare for coronavirus disaster

Published on AXIOS March 19, 2020

“We’re seeing a global liquidity squeeze, with every major government, business and financial institution poised to borrow unprecedented amounts in the world’s deepest funding markets — American markets,” Karl Schamotta, chief market strategist at Cambridge Global Payments, tells Axios.

Read the article here.

Fight against global recession reaches new level of urgency on coronavirus

Published on Financial Post March 16, 2020

“The Fed’s measures reinforce the fact that the coronavirus’s threat to the global economy is potentially of unprecedented magnitude,” says Don Curren, market strategist at Cambridge Global Payments.

Read the full article here.

RPT-ANALYSIS-Dollar’s rally sputters as investors eye more Fed cuts

Published on CNBC March 5, 2020

“We have very, very strong safe-haven flows helping to stabilize the trade-weighted dollar on a global basis,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto.

“What we could be looking at is a multi-stage cycle here where the dollar falls a bit but eventually recovers as the spread of coronavirus continues to impact economies elsewhere,” he said.

Read the article here.

Dollar recovers after Fed rate cut hit

Published on Reuters March 4, 2020

“The Fed still has more room to cut than other major central banks,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto. “What that means in functional terms is that the dollar’s downside is a little bit larger.”

Read the article here.

Commodity-linked loonie slides to 9-month low on coronavirus panic

Published on Financial Post March 2, 2020

“The bears have come out of hibernation and are rampaging through the currency markets at the moment and certainly taking

a negative view on the outlook for the Canadian economy,” said Karl Schamotta, chief market strategist at Cambridge Global Payments.

Read the article here.

‘Master of narrative’ Trump tells voters his story about the U.S. economy

Published on CBC February 5, 2020

“A number of [Trump’s] real swing states that came into supporting him have actually taken more damage than other parts of the American economy,” said Karl Schamotta, chief market strategist with Cambridge Global Payments, a Toronto-based provider of cross-border payment services and currency management solutions.

Read the full article here.

Stocks jump as China markets reopen, dollar gains

Published on Reuters February 3, 2020

Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto, said traders were bargain-hunting in anticipation of stimulus from the Chinese government. “Traders are looking for value where they can,” he said.

Read the article here.

Older

Market Strategists

Craig Killaby

Corporate FX Dealer

LinkedIn
Matt Eidinger

Fintech Specialist, Dealing Operations

LinkedIn
Don Curren

Content Editor

LinkedIn Twitter
Sean Coakley

Regional Account Manager, Canada

LinkedIn Twitter
Richard Breen

Head of Treasury and Trading, APAC

LinkedIn
Stephen Casey

Regional Director, Risk Management Solutions

LinkedIn
Karl Schamotta

Chief Market Strategist, North America

LinkedIn Twitter
Mark Frey

President

LinkedIn Twitter

Press Inquiries

To connect with our global press contact and newsroom, click here

Older