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It’s like the pandemic never happened, at least for canola and the loonie

Published on The Western Producer August 4, 2020

“You’re looking at an asymmetric risk environment: the Canadian dollar could grind its way further up the stair, or it could call down an elevator shaft. So it makes sense to hedge yourself using option strategies that protect against a rally in the loonie, while preserving participation in renewed weakness.”

Read the article here.

Is the falling USD cyclical or secular?

Published on Wealth Professional Canada July 29, 2020

“A lot of people are asking why this is happening and the best answer I can give is the dollar smile theory,” says Sean Coakley, market strategist at Cambridge Global Payments. “The theory goes that the U.S. dollar finds its favour in a cyclical fashion. When we see sell-offs in risk assets like the S&P 500 we see a jump in the U.S. dollar relative to CAD. But the US dollar tends to underperform at the very point in an economic cycle where the economy is set to recover.”

Read the article here.

CANADA FX DEBT-C$ rises as uncertain U.S. economic outlook drags U.S. dollar lower

Published on Reuters July 23, 2020

“This morning’s snapback in jobless claims helped reinforce the perception that U.S. growth is set to slip relative to the euro area and other major economies, and traders are setting up for a wider-than-previously-expected divergence between U.S. and European PMIs tomorrow,” said Karl Schamotta, chief market strategist at Cambridge Global Payments in Toronto.

Read the article here.

Cambridge makes its platform play

Published on FXCintelligence July 23, 2020

Cambridge Global Payments, a leading B2B player, was acquired by the US public company Fleetcor in 2017 for c.$675m. Since then, the business has received little coverage but has quietly grown and significantly increased its profitability. FXCintelligence goes inside Cambridge with President Mark Frey to bring you up to date.

Read the full article here.

U.S. jobless claim numbers fall to pandemic-era low, but still 1.3M new applicants last week

Published on CBC July 16, 2020

“Over the past few weeks, numbers of new COVID-19 cases have continued to rise and now stand positioned to threaten state reopening efforts across the entire southern Sunbelt region,” Matthew Eidinger at  Cambridge Global Payments said.

Read the article here.

Bank of Canada indicating economy will need continued support: Market strategist

Published on BNN July 16, 2020

The Bank of Canada is keeping its key interest rate unchanged at 0.25 per cent. and says that the economy will take two years to fully recover. Karl Schamotta, chief market strategist at Cambridge Global Payments joins BNN Bloomberg to react to the BoC’s latest rate decision and commentary.

Watch the video here.

Markets shrug off any negative news

Published on ausbiz July 16, 2020

What will it take to stop the rally? Craig Killaby from Cambridge Global Payments takes AusBiz through these jubilant markets.

Watch the video here.

Dollar falls on rising euro, higher U.S. stocks

Published on Reuters July 14, 2020

“Market consensus has shifted towards the euro on the assumption that euro area will suffer less economic damage and that a large rescue package will be approved,” said Karl Schamotta, chief market strategist at Cambridge Global Payments.

Read the article here.

CANADA FX DEBT-Canadian dollar rallies, bond yields jump on Ottawa’s spending forecast

Published on July 9, 2020

“Clearly the initial rally was supported by global risk appetite,” said Karl Schamotta, Chief Market Strategist at Cambridge Global Payments. “But it also looks like the larger than expected expansion in spending by the federal government in
Canada helped to drive that further.”

Read the article here.

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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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