July 29, 2022
Post-pandemic boom in the service industry, loonie to see upside: Karl Schamotta
Karl Schamotta, Chief Market Strategist at Corpay, joins BNN Bloomberg to discuss Canada's economic strength as it dodges a GDP contraction for May. Schamotta says Canada is experiencing a post-pandemic boom in the service industry, which will continue to help the country's economic growth. He adds the Canadian dollar could outperform the U.S. dollar in the near term.