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BNN Bloomberg: Volatility in the CAD right now is lower that it is across any other major currency

Corpay Cross-Border Solutions chief market strategist Karl Schamotta joined BNN Bloomberg this morning to discuss market positioning ahead as Iran headlines keep traders on their toes.

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By Cross-Border
Jun 2, 2026
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Rise in dollar to 20-year high costs US companies billions in earnings
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Rise in dollar to 20-year high costs US companies billions in earnings

“All that suggests we shouldn’t see as much outperformance in the dollar, unless there is a big safe-haven move,” said Karl Schamotta, chief market strategist at Corpay.

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ANALYSIS-Dollar's surge spurs currency hedging by U.S. companies
Cross-Border

ANALYSIS-Dollar's surge spurs currency hedging by U.S. companies

“Corporates have been spurred into action by the dollar’s untrammeled rise - and by the breaking of psychological barriers in most major exchange rates,” said Karl Schamotta, chief market strategist at business payments company Corpay.

Soaring dollar raises spectre of ‘reverse currency wars’
Cross-Border

Soaring dollar raises spectre of ‘reverse currency wars’

“As the dollar rises, we are seeing a tightening of global financial conditions,” Schamotta said. “The US continues to make the world’s weather.”

Canadian dollar gains as BoC sends hawkish signal on rates
Cross-Border

Canadian dollar gains as BoC sends hawkish signal on rates

"The loonie is getting squeezed higher by more hawkish guidance from the Bank of Canada and by modest softening in the (U.S.) dollar," said Karl Schamotta, chief market strategist at Corpay.

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