Newsroom | Corpay

Newsroom | Corpay

Industry News

CBC: Market sell-off continues as Asian markets open

April 4, 2025 - U.S. President Donald Trump’s tariffs rattled stock markets on Thursday, fuelling market turbulence and some recession fears. Karl Schamotta, chief market strategist at Corpay, explains what it all means.

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Industry News

Bloomberg: Canada Loses 33,000 Jobs in Biggest Drop Since 2022; Bonds Rally

April 4, 2025 - (Today’s Canadian job) numbers suggest “a relatively-positive early-year growth handoff is running out of steam,”

Industry News

BNN Bloomberg: Canadian unemployment rate could push BoC to neutral rate

April 4, 2025 - Corpay Cross-Border Solutions chief market strategist Karl Schamotta joined BNN Bloomberg for a double-header this morning to discuss US and Canadian jobs numbers

Industry News

Yahoo Finance: Bank of Canada rate pause likely amid 'extremely fluid' tariff situation: Economists

April 3, 2025 - "The unprecedented tidal wave of uncertainty that has washed across financial markets and the global economy looks unlikely to retreat in the near term," Karl Schamotta

Industry News

CBC: Trump wants to upend the entire global order. Can he stomach the price tag?

April 3, 2025 - "The U.S. can't have its cake and eat it, too," says Karl Schamotta, chief market strategist at the financial services firm Corpay Cross-Border Solutions.

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,

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,"

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