04.03.24
Markets could be right regarding worries about higher rates for longer: strategist
Corpay chief market strategist Karl Schamotta joined BNN Bloomberg this morning to discuss the economic outlook. He says signs of economic resilience could lead to higher yields and more cautious messaging from central banks. He also suggests improved sentiment in Canada might lead to outperformance for the Canadian dollar in the short-term - but says debt risks should drive the loonie lower by the end of 2024.