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Reuters: Canadian dollar hits a 3-week low as appeal of US assets grows

"The U.S. dollar (.DXY), is steamrolling all of its major rivals, including the Canadian dollar, this morning after another round of data releases failed to deliver any appreciable evidence of a tariff-led slowdown," said Karl Schamotta.

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Jul 17, 2025
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Soaring dollar raises spectre of ‘reverse currency wars’
Cross-Border

Soaring dollar raises spectre of ‘reverse currency wars’

“As the dollar rises, we are seeing a tightening of global financial conditions,” Schamotta said. “The US continues to make the world’s weather.”

Canadian dollar gains as BoC sends hawkish signal on rates
Cross-Border

Canadian dollar gains as BoC sends hawkish signal on rates

"The loonie is getting squeezed higher by more hawkish guidance from the Bank of Canada and by modest softening in the (U.S.) dollar," said Karl Schamotta, chief market strategist at Corpay.

Tiff Macklem poured cold water on the idea of 75 bps move: Strategist
Cross-Border

Tiff Macklem poured cold water on the idea of 75 bps move: Strategist

Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to discuss Tiff Macklem's latest commentary on rate hikes.

US dollar hits highest level in more than 2 years
Cross-Border

US dollar hits highest level in more than 2 years

Read Karl Schamotta's comments in the Financial Times article.

Corpay and ASA Automotive Systems Partnership Brings Streamlined Payment Automation to Tire Dealers
Payments Automation

Corpay and ASA Automotive Systems Partnership Brings Streamlined Payment Automation to Tire Dealers

The collaboration aims to simplify and improve back-office processes.

Computer Guidance Corporation and Corpay Announce Partnership to Bring Streamlined Payments to Construction Companies
Expense managementPayments Automation

Computer Guidance Corporation and Corpay Announce Partnership to Bring Streamlined Payments to Construction Companies

The collaboration offers CGC customers access to real-time payment solutions that help simplify business transactions while simultaneously monitoring for risks

Corpay products, powered by AI. See how we're leading the future of business payments.

Smarter payments. Stronger growth. Keep business moving.

See how Corpay brings AP, card programs, lodging, fleet and cross-border together