Newsroom | Corpay

Newsroom | Corpay

Industry News

Reuters: Companies bolster currency hedging strategies as Trump plans tariffs

November 26, 2024 - “The election is a big catalyst for hedgers to think about currency risk," said Karl Schamotta, chief market strategist at payments company Corpay in Toronto.

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Industry News

Bloomberg: Trump’s Tariff Threats Propel Dollar as Traders Brace for Swings

November 26, 2024 - “We’re seeing the use of economic warfare instruments to achieve geopolitical goals,” said Karl Schamotta, chief market strategist at Corpay in Toronto.

Industry News

CNN: Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1

November 25, 2024 - “The measures proposed this evening could hit a number of strategic US industrial sectors hard, add approximately $272 billion a year to tax burdens, raise goods prices, lift interest rates, and sap strength in an already-vulnerable household sector,”

Industry News

Financial Post: Loonie watch: Canadian dollar hits four-year low as 71 cent U.S. threshold nears

November 13, 2024 - “The Canadian dollar looks poised on the edge of breaking through post-pandemic lows to the downside,”

Industry News

Financial Post: Canadian dollar will be stuck in the dumps until 2025, says strategist

November 13, 2024 - Watch Karl Schamotta, chief market strategist at Corpay on the loonie's prospects:

Industry News

BNN Bloomberg: Canada-U.S. trade tensions impacting the loonie

November 13, 2024 - Karl Schamotta, chief market strategist with Corpay talks about the impact of Canada-U.S. trade tensions on the loonie.

Industry News

US News: Trump's Win Emboldens Dollar Bulls as They Brace for Tariffs

November 8, 2024 - "The reality is that a full flight protectionist agenda will ultimately rebound on the American economy and slow growth," said Karl Schamotta, chief market strategist at payments company Corpay

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