Post-pandemic boom in the service industry, loonie to see upside: Karl Schamotta

Category:Cross-Border
Updated:2022-07-29
News10

Karl Schamotta, Chief Market Strategist at Corpay, joins BNN Bloomberg to discuss Canada's economic strength as it dodges a GDP contraction for May. Schamotta says Canada is experiencing a post-pandemic boom in the service industry, which will continue to help the country's economic growth. He adds the Canadian dollar could outperform the U.S. dollar in the near term.

Watch the video here.

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