By “Even with the windfall from higher oil prices flowing into the terms of trade, the economy needs to demonstrate that it can generate sustained, broad-based growth before the Bank of Canada can justify tightening,” said Karl Schamotta, Corpay.
Dynamic Business: Discovering key areas for cost reduction in business
Corpay Cross-Border Solutions' Managing Director APAC, David Britten, shares his thoughts with Dynamic Business on how hidden costs and fees associated with cross-border transactions could impact an organisation’s bottom line.
Scotiabank economist explains his call for another Bank of Canada interest rate hike
“I think this June meeting is going to be still more of the wait-and-see attitude, still looking at how the fundamentals are evolving in the Canadian economy, before making another precipitous decision,” Karl Schamotta, chief market strategist at Corpay.
The Bank of Canada won't hike rates in the next meeting: Market strategist
Karl Schamotta, chief market strategist with Corpay, joins BNN Bloomberg to discuss implications of a possible rate hike by the Bank of Canada in June, and the U.S. debt ceiling.
The Business Times: Analysts split on US debt talks’ impact on US dollar; ‘no deal’ could have unprecedented effects
The longer the talks draw out without a deal, the more nervous markets could become; and this is normally a backdrop that is supportive for the US dollar and Japanese yen over (other) Asian currencies such as the Singapore dollar
US Dollar Hits Seven-Week High, Bolstered by Data, Debt Ceiling Hopes
"A raft of stronger-than-expected data is intersecting with a hawkish shift in communications from Fed officials to push rate expectations across the front end of the curve," said Karl Schamotta, chief market strategist, at Corpay in Toronto.
"In Canada we already have near-instant payments between people within the country. We have a very, very small unbanked population. What benefits would central bank digital currencies offer in terms of reducing payment system frictions?"
