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Wall Street Journal Market Wires: Canada's New Sovereign-Wealth Fund Lacks Key Component: Sovereign Surplus

“Canada says it is launching a sovereign-wealth fund, with proponents pointing to benefits secured in Norway. Any resemblance between Canada and other countries with sizable sovereign-wealth funds is "superficial," says Karl Schamotta, Corpay.

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By Cross-Border
Apr 28, 2026
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Interest rate cuts are coming, but the Bank of Canada won't say when
Cross-Border

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
Payments AutomationVirtual Card

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
Cross-Border

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
Cross-Border

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 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.

US dollar flat as Japan, European policy meetings loom
Cross-Border

US dollar flat as Japan, European policy meetings loom

“BOJ Governor (Kazuo) Ueda is likely to tilt against expectations for an April move out of negative-rates territory in the post-decision press conference

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