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The clear (and covert) advantages of paying in local currency

Is it time to explore opening foreign-denominated bank accounts? This could add control and visibility to your cash management, and it may make it easier for your vendors and customers abroad – especially if they issue you invoices in their local currency.

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By Cross-Border
Oct 31, 2024
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Caution is reinforcing itself. Consumers are slowing spending, businesses slowing investment

Caution is reinforcing itself. Consumers are slowing spending, businesses slowing investment

Ahead of this morning's Bank of Canada decision, Corpay's Karl Schamotta joined BNN Bloomberg to discuss underlying economic fundamentals

Selecting a global payments provider? Considerations for NGOs and Non-Profits

Selecting a global payments provider? Considerations for NGOs and Non-Profits

NGOs have questions about global payments. We have answers!

Dollar dips as US inflation meets expectations

Dollar dips as US inflation meets expectations

“The worst fears of market participants have been largely alleviated by this print,” says Corpay’s Karl Schamotta

Dollar gains in choppy trading, inflation meets expectations

Dollar gains in choppy trading, inflation meets expectations

"The worst fears of market participants have been largely alleviated by this print," said Karl Schamotta, chief market strategist at Corpay in Toronto.

Inflation in Canada slows with 2.9% increase in January, keeping June rate-cut expectations on track

Inflation in Canada slows with 2.9% increase in January, keeping June rate-cut expectations on track

Karl Schamotta, chief market strategist at Corpay, wrote in a research note that "traders anticipate a faster and more aggressive easing cycle" following Tuesday's data release.

Canada's Inflation Rate Slows and Bolsters Bets on Early Rate Cut

Canada's Inflation Rate Slows and Bolsters Bets on Early Rate Cut

The January inflation figure "will certainly raise the odds on an April rate cut," said Karl Schamotta, chief market strategist at Corpay.

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