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.
Japanese yen jumps vs dollar, traders suspect intervention
"It looks like the Ministry of Finance is intervening here. We are seeing lots of dollar selling and the yen moving almost vertically as shorts get squeezed," Karl Schamotta, chief market strategist, at Corpay in Toronto.
Canada's politicians will stay aligned with financial stability to avoid U.K.'s fate: Strategist
Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to discuss his view on Canada's economic situation following the latest retail data. Schamotta says that the BoC could raise rates by either 50 or 75 basis points next week.
US stocks close lower as traders prepare for more Fed tightening
“When you look at earnings overall, this looks like a peak in the cycle, especially in tech and industrials,” said Karl Schamotta, chief market strategist at Corpay.
Managing multi-currency budgeting against soaring inflation
Despite Australia’s annual inflation rate sitting lower than its global counterparts, it recently increased to 6.1 per cent in the June quarter from 5.1 per cent compared with market forecasts of 6.2 per cent.
U.S. dollar advances as investors look to inflation data this week
"By illustrating continued strength in the labor market, Friday's non-farm payrolls report gave the Fed carte blanche to continue raising rates," said Karl Schamotta, chief market strategist, at Corpay in Toronto.
