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Building an FX Budget Rate

Setting a budget rate for each currency pair is a starting point for financial planning. The budget rate can serve as a benchmark for assessing performance against plan, isolating variances due to FX movements from other factors.

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By Cross-Border
Dec 1, 2023
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Globe and Mail: The ‘extreme’ gap in Canadian and U.S. interest rates

Globe and Mail: The ‘extreme’ gap in Canadian and U.S. interest rates

“Interest rate developments are unlikely to provide a sufficient offset to the economic hit that could be delivered by a tariff announcement this Saturday

CNN: Your complete guide to tariffs: How much you’ll pay, and when

CNN: Your complete guide to tariffs: How much you’ll pay, and when

Trump’s proposed tariffs could add $272 billion a year to tax burdens, according to Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions.

Al Jazeera: As Trump’s tariff threat looms, what would a US-Canada ‘trade war’ mean?

Al Jazeera: As Trump’s tariff threat looms, what would a US-Canada ‘trade war’ mean?

Karl Schamotta, chief market strategist at Corpay, a US-based business payments and management company, said in a market brief from late November that, given what is traded between the US and Canada, Trump’s plan “looks like an own goal”.

Financial Post: Canadian dollar gets 'temporary reprieve' as Trump holds off on tariff threat

Financial Post: Canadian dollar gets 'temporary reprieve' as Trump holds off on tariff threat

“Trump’s history suggests that no ‘moment of clarity’ is coming, meaning that uncertainty levels — particularly on the trade front

Yahoo Finance: Canada's sinking loonie could see modest rebound in 2025: Analysts

Yahoo Finance: Canada's sinking loonie could see modest rebound in 2025: Analysts

Karl Schamotta, chief market strategist at Corpay says the loonie was already facing strong headwinds prior to recent political drama.

Financial Post: So long 'new normal.' The 'old normal' is back and that means higher interest rates

Financial Post: So long 'new normal.' The 'old normal' is back and that means higher interest rates

The term "new normal" became popular to describe the economic conditions after the Global Financial Crisis, but Karl Schamotta, chief market strategist at Corpay thinks that era is over and the "old normal" is reasserting itself.

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