By “Even with the windfall from higher oil prices flowing into the terms of trade, the economy needs to demonstrate that it can generate sustained, broad-based growth before the Bank of Canada can justify tightening,” said Karl Schamotta, Corpay.
Dollar tumbles to two-month low; pound hits 15-month high after wage growth data
Karl Schamotta, Chief Market Strategist at Corpay Cross-Border Solutions, discusses the recent Fed meeting, as well as other releases, and how that impacts currency markets.
ausbiz: The economy's stronger? That means higher for longer.
Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, discusses the latest batch of US economic numbers and why it could result in even higher interest rates across the globe.
Recession bets rise in Canada as sticky inflation points to higher rates
"If central banks such as the Bank of Canada continue to raise rates at this pace, they risk tilting the economy into a recession and forcing themselves into an eventual embarrassing climb down," said Karl Schamotta, chief market strategist at Corpay.
'Market volatility remains relatively suppressed' in months ahead
Karl Schamotta, chief market strategist of Corpay, joins BNN Bloomberg to discuss the U.S. and Canadian economy, the markets ahead of July's rate decision, and how the Canadian dollar compares to global currencies.
