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The Hub: Canadian dollar reaches 14-month low, near 70 cents to the U.S. dollar—main driver is diverging interest rates, not CUSMA

"Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions, argued the loonie’s weakness is more about the surging U.S. economy than domestic issues.

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By Cross-Border
Jul 8, 2026
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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

Corpay Cross-Border Named the Official FX Partner for Cricket Ireland
Cross-BorderGlobal paymentsRisk management

Corpay Cross-Border Named the Official FX Partner for Cricket Ireland

Providing access to currency risk management and cross-border payments solutions

Closer look at the economy and currencies
Cross-Border

Closer look at the economy and currencies

Karl Schamotta, chief market strategist with Corpay, joins BNN Bloomberg for a closer look at Canada's economy and offers his view on the markets.

ausbiz: Can we expect rate cut towards end of this year?
Cross-Border

ausbiz: Can we expect rate cut towards end of this year?

In his latest interview with ausbiz, Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, explores the current financial state and prospects of the Australian and global economy.

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