Advanced filters
Topic:
Job Role:
Industry:
Content Type:
Topic:
Job Role:
Industry:
Content Type:

Canadian dollar hasn't gone up with oil prices like it usually does, complicating the Bank of Canada's inflation fight

CalendarJuly 14, 2022
EmailTwitterLinkedin

“The dollar is crushing every major currency in its path,” said Karl Schamotta, chief market strategist at Corpay. “Evidence of a continued acceleration in prices, coupled with a broadening in core pressures have heightened expectations for a more aggressive response from the Federal Reserve in the near term — while also raising the likelihood of an economic downturn further out.”

Read the article here.

Author

Karl Schamotta

Karl Schamotta

Chief Market Strategist

Karl leads Corpay’s currency research group, focused on analyzing shifts in the world economy and creating strategies that help businesses harness market volatility.

EmailTwitterLinkedin
Gain insights into developments in global currency markets.bar graphSubscribe