Mortgage-debt pressure will lead to deceleration in rate hikes from the BoC: Karl Schamotta

Category:Cross-Border
Updated:2022-10-05
News5

Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg for his view on the Canadian economy and currency following OPEC+ recommendation regarding oil production cuts. Schamotta says supply cuts will support prices; however, he expects demand will continue to decrease. Schamotta adds the Bank of Canada will hike rates by 50 bps later this month, but after it, he expects a deceleration. Watch the video here.

Cross-Border
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