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Globe and Mail/Reuters: Canada's deflating housing bubble stymies wealth effect of booming stock market

"Households tend to treat equity portfolios as ephemeral paper wealth, while the family home, by contrast, anchors financial plans and, crucially, underpins the credit cycle," said Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions.

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By Cross-Border
Apr 28, 2026
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Expect 3 BoC cuts in 2024. First one in June, other two by Fall: strategist

Expect 3 BoC cuts in 2024. First one in June, other two by Fall: strategist

As investors await the latest, BoC rate decision, Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to discuss his outlook for the economy. Schamotta discusses housing risks, and adds BoC tone could remain hawkish for a while.

Interest rate cuts are coming, but the Bank of Canada won't say when

Interest rate cuts are coming, but the Bank of Canada won't say when

Karl Schamotta chief market strategist at Corpay says the Bank of Canada’s Tiff Macklem "may not want to keep applying the brakes, but he also sees the danger in stepping on the gas pedal."

ENERSOURCE and Corpay announce strategic partnership to streamline vendor payments for solar installers

ENERSOURCE and Corpay announce strategic partnership to streamline vendor payments for solar installers

Solar installation companies to benefit from enhanced rebates and real-time visibility on material purchases

CANADA FX DEBT-Canadian dollar steadies ahead of BoC rate decision

CANADA FX DEBT-Canadian dollar steadies ahead of BoC rate decision

“We think language in the accompanying statement, Monetary Policy Report and press conference will disappoint market participants expecting an imminent pivot toward easier policy.

Canadian dollar to 'fade back' as economy weakens

Canadian dollar to 'fade back' as economy weakens

Karl Schamotta, chief market strategist at Corpay, talks with Financial Post's Larysa Harapyn about how the weakening economy, central bank rate cuts and possible victory of Donald Trump could affect Canada's currency.

Corpay Unveils End-to-End Spend Management Solution, Corpay Complete

Corpay Unveils End-to-End Spend Management Solution, Corpay Complete

The number-one B2B commercial Mastercard® issuer in North America simplifies corporate payments and spending into one easy-to-use, all-in-one, mobile-ready platform.

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

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