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Topic: Cross-Border

US Dollar Dominance: A blessing and a curse (Part I)

Many pundits and prognosticators are predicting the impending collapse of the US dollar as the world’s reserve currency. While the reality is that that collapse may not be imminent, USD dominance is both a blessing and a curse for US-based businesses.

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By Cross-Border
Dec 22, 2023
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Commodious Trading
Cross-BorderRisk management

Commodious Trading

Commodious Trading Inc. (CTI) is an international trader and processor specializing in the export of lentils, peas, chickpeas, canary, and flax seeds to world markets.

Bank of Canada uses 'shock and awe' to bolster inflation-fighting credibility
Cross-Border

Bank of Canada uses 'shock and awe' to bolster inflation-fighting credibility

"Exceeding forward guidance might have been the point - by delivering more than expected, policymakers may have hoped to magnify the psychological impact on businesses and consumers," says Karl Schamotta, chief market strategist at Corpay.

Canadian dollar hasn't gone up with oil prices like it usually does, complicating the Bank of Canada's inflation fight
Cross-Border

Canadian dollar hasn't gone up with oil prices like it usually does, complicating the Bank of Canada's inflation fight

“The dollar is crushing every major currency in its path,” says Karl Schamotta, chief market strategist at Corpay.

Narrative Shift: A Quarterly Market Outlook
Cross-Border

Narrative Shift: A Quarterly Market Outlook

Karl Schamotta, Chief Market Strategist and Karthik Sankaran, Senior Market Strategist, discussed what we can expect from currency markets in the short term, and coming into Q3. Tune in now!

What economists are saying about Bank of Canada's steep rate increase
Cross-Border

What economists are saying about Bank of Canada's steep rate increase

“Fear of an unmooring in inflation expectations was evident throughout the release", says Karl Schamotta, chief market strategist at Corpay.

Canada jobless rate drops to a record low of 4.9%
Cross-Border

Canada jobless rate drops to a record low of 4.9%

“With inflation pressures remaining elevated and the economy growing, the Bank of Canada remains highly likely to raise rates by 75 basis points next week”, says Karl Schamotta, Chief Market Strategist at Corpay

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