Corpay
Logga inTalk to an expertCorpay

Resources

Known Unknowns

For American multinationals, the world has rarely felt more uncertain. Since Donald Trump returned to office, trade policy has been dictated more by fiat than institutional process.

Read more
By Cross-Border
May 9, 2025
Blog social banners - May 9 2025 - Known Unknowns-01-01.jpg

Reuters: Trump tariff headlines spur volatility surge across markets

Reuters: Trump tariff headlines spur volatility surge across markets

"Generally speaking, investors were not taking Trump seriously or literally ... the announcement on Saturday as well as comments after that have compelled investors to reassess the risk," Karl Schamotta

Polling Insights: Canadian Businesses Stay Flexible Amid Market Shifts
Cross-BorderGlobal paymentsRisk management

Polling Insights: Canadian Businesses Stay Flexible Amid Market Shifts

In this round-up of polling data from GPS Capital Markets’ LinkedIn audience and research from experts at GPS and Corpay, we look at mixed signals about North American markets and what businesses can expect in Q1.

Bloomberg: Markets Look to Extend Dollar’s Gains as Trump Carries Through Threat to Start Trade War

Bloomberg: Markets Look to Extend Dollar’s Gains as Trump Carries Through Threat to Start Trade War

“We expect selling pressure to hit the peso and Canadian dollar at tomorrow’s Asia open, but it’s difficult to assess just how severe the move will be,” said Karl Schamotta,

Bloomberg: Tariff War Likely to Put Canada Into Recession, Economists Say

Bloomberg: Tariff War Likely to Put Canada Into Recession, Economists Say

The loonie and peso are vulnerable to drops exceeding 2% to 3% after trading begins in Asia Sunday evening Toronto time, said Chief Market Strategist Karl Schamotta.

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.

Smarter payments. Stronger growth. Keep business moving.

See how corpay brings AP, card programs, lodging, fleet and cross-borders together