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BNN Bloomberg: Odds of a BoC rate cut in July are low: Schamotta

Karl Schamotta, chief market strategist at Corpay, joined BNN Bloomberg this morning to discuss the impact of tariffs on the markets.

Jul 16, 2025

Cross-Border

Rise in dollar to 20-year high costs US companies billions in earnings

“All that suggests we shouldn’t see as much outperformance in the dollar, unless there is a big safe-haven move,” said Karl Schamotta, chief market strategist at Corpay.

Cross-Border Global payments Risk management

Corpay Announces New Sponsorship with England Polo

Corpay named new sponsor of England Polo and official partner of Hurlingham Polo Association

Commercial Cards Expense management

Corpay to Attend Annual CFMA Conference

The CFMA and Corpay partnership has helped construction financial professionals streamline their payment processes.

Cross-Border

ANALYSIS-Dollar's surge spurs currency hedging by U.S. companies

“Corporates have been spurred into action by the dollar’s untrammeled rise - and by the breaking of psychological barriers in most major exchange rates,” said Karl Schamotta, chief market strategist at business payments company Corpay.

Cross-Border

Soaring dollar raises spectre of ‘reverse currency wars’

“As the dollar rises, we are seeing a tightening of global financial conditions,” Schamotta said. “The US continues to make the world’s weather.”

Cross-Border

Canadian dollar gains as BoC sends hawkish signal on rates

"The loonie is getting squeezed higher by more hawkish guidance from the Bank of Canada and by modest softening in the (U.S.) dollar," said Karl Schamotta, chief market strategist at Corpay.

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