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Growing Pains: The Basics of Cross Border Cash Management

Sending or receiving foreign currency payments can be frustrating – not to mention costly – and this cost is often swallowed as the cost of doing business internationally. Fortunately, there are options that can offer SMEs more transparency and control.

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By Cross-Border
Apr 11, 2024
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Reuters: Companies bolster currency hedging strategies as Trump plans tariffs

Reuters: Companies bolster currency hedging strategies as Trump plans tariffs

“The election is a big catalyst for hedgers to think about currency risk," said Karl Schamotta, chief market strategist at payments company Corpay in Toronto.

Bloomberg: Trump’s Tariff Threats Propel Dollar as Traders Brace for Swings

Bloomberg: Trump’s Tariff Threats Propel Dollar as Traders Brace for Swings

“We’re seeing the use of economic warfare instruments to achieve geopolitical goals,” said Karl Schamotta, chief market strategist at Corpay in Toronto.

CNN: Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1

CNN: Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1

“The measures proposed this evening could hit a number of strategic US industrial sectors hard, add approximately $272 billion a year to tax burdens, raise goods prices, lift interest rates, and sap strength in an already-vulnerable household sector,”

Financial Post: Loonie watch: Canadian dollar hits four-year low as 71 cent U.S. threshold nears

Financial Post: Loonie watch: Canadian dollar hits four-year low as 71 cent U.S. threshold nears

“The Canadian dollar looks poised on the edge of breaking through post-pandemic lows to the downside,”

Financial Post: Canadian dollar will be stuck in the dumps until 2025, says strategist

Financial Post: Canadian dollar will be stuck in the dumps until 2025, says strategist

Watch Karl Schamotta, chief market strategist at Corpay on the loonie's prospects:

BNN Bloomberg: Canada-U.S. trade tensions impacting the loonie

BNN Bloomberg: Canada-U.S. trade tensions impacting the loonie

Karl Schamotta, chief market strategist with Corpay talks about the impact of Canada-U.S. trade tensions on the loonie.

Smarter payments. Stronger growth. Keep business moving.

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