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CNBC: Dollar weakens on soft U.S. inflation data for June

“Fed governor Christopher Waller said yesterday, ‘sternly staring at inflation until it melts before our withering ‌gaze is not an option,’ but that’s exactly what seems to be playing out,” said Karl Schamotta, chief market strategist, at Corpay.

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By Cross-Border
Jul 13, 2026
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LIV Golf and Corpay Announce Multi-Year Global Partnership
Global paymentsRisk managementCross-Border

LIV Golf and Corpay Announce Multi-Year Global Partnership

Global Corporate Payment Solutions Brand Serving as Official Corporate FX Provider of LIV Golf

Dollar rebounds as Fed's Powell sees March rate cut as unlikely
Cross-Border

Dollar rebounds as Fed's Powell sees March rate cut as unlikely

The Fed delivered an "extremely neutral, non-committal statement", according to Karl Schamotta, chief market strategist at Corpay in Toronto.

Expect 3 BoC cuts in 2024. First one in June, other two by Fall: strategist
Cross-Border

Expect 3 BoC cuts in 2024. First one in June, other two by Fall: strategist

As investors await the latest, BoC rate decision, Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to discuss his outlook for the economy. Schamotta discusses housing risks, and adds BoC tone could remain hawkish for a while.

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.

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