Newsroom | Corpay

Newsroom | Corpay

Industry News

Globe and Mail: Canadian dollar edges lower ahead of U.S. tariff announcement

April 2, 2025 - “The foreign exchange market reaction could prove complex and counter-intuitive,” Karl Schamotta,

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Industry News

Reuters: Yen holds gains vs US dollar as markets brace for reciprocal tariffs

April 1, 2025 - "Today's numbers provide more evidence of the stagflationary forces building within the American economy, threatening to put the Federal Reserve in a straitjacket amid one of the biggest economic policy disruptions in generations,"

Industry News

Corpay Cross-Border Grows in Europe with Launch of Luxembourg Office

March 18, 2025 - Expansion aims to enhance service offering for institutional clients and bolster European growth through an increased market presence

Industry News

Corpay Cross-Border Named the Official FX Partner of SK Slavia Praha

March 6, 2025 - Providing access to currency risk management and cross-border payments solutions

Industry News

Financial Post: Canada would suffer smallest hit in reciprocal tariffs scenario, Yale study suggests

March 5, 2025 - “Reciprocal tariffs could be absurdly difficult to put into practice — some estimates indicate that the government would need to manage 2.6 million individual tariff rates

Industry News

Wall Street Journal: Resilience of Mexican Peso, Canadian Dollar Point to Higher Prices for U.S. Consumers

March 5, 2025 - Karl Schamotta, strategist at Corpay, a foreign-exchange and global payments company, warned that this unexpected stability in these notoriously volatile markets may not last

Industry News

Reuters: Canadian dollar hits one-month low as tariff deadline confirmed

March 5, 2025 - "As recently as an hour ago, markets had assumed that tariffs would not be imposed, or that they would be dramatically watered down," Karl Schamotta, chief market strategist at Corpay said in a note.

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