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Financial Post: Canadian dollar and U.S. dollar both under pressure

Karl Schamotta at Corpay explains how the shift in interest rate expectations has hit the Canadian dollar and the U.S. dollar.

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Sep 9, 2025
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Reactions: SVB-focused Fed hikes rates 25 bp, suggests one more on horizon
Cross-Border

Reactions: SVB-focused Fed hikes rates 25 bp, suggests one more on horizon

“I think the Fed did take the path of least resistance here, hiking but also providing a relatively dovish outlook on rates over the year ahead. That essentially gives markets what they were looking for.”

Federal Reserve decision LIVE: Banking system is 'sound and resilient'
Cross-Border

Federal Reserve decision LIVE: Banking system is 'sound and resilient'

“If recent history is any indication, the market response could flip between the statement release and the press conference, with reversals likely to occur throughout the question-and-answer period,” said Karl Schamotta.

Banks are in turmoil. Here's how Canadians might be affected
Cross-Border

Banks are in turmoil. Here's how Canadians might be affected

"Things are far more regulated today," Schamotta said, though there are concerns about a slowdown in economic growth.

The West Australia: Australian shares bounce back in broad relief rally
Cross-Border

The West Australia: Australian shares bounce back in broad relief rally

In the wake of ongoing volatility, the local Australian market staged a relief rally after days of heavy losses. Corpay Cross-Border Solution's APAC currency strategist, Peter Dragicevich, weighs in on the development and shares his expert insights.

Banking regulators close SVB, move quickly to avert crisis
Cross-Border

Banking regulators close SVB, move quickly to avert crisis

"Silicon Valley Bank is shedding light on vulnerabilities across the US banking sector, primarily in the bond holdings that many large institutions hold," said Karl Schamotta, Chief Market Strategist at Corpay.

Loonie will be factor when deciding whether interest rates stay on hold: Bank of Canada
Cross-Border

Loonie will be factor when deciding whether interest rates stay on hold: Bank of Canada

“I think that’s something that most Canadians just don’t realize,” Schamotta said. “Prices in Canada do not respond to the exchange rate as quickly as they think they do.”

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