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Financial Post: Canadian dollar avoids falling below the critical level of 70 cents U.S. — for now

"In theory, the decision (on CUSMA) adds to the headwinds facing the loonie from a weak economy, falling oil prices and a neutral Bank of Canada," Karl Schamotta, chief market strategist at Corpay Cross-Border Solutions.

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By Cross-Border
Jul 3, 2026
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Downturn in Canada's economy seen deepening if US growth fades
Cross-Border

Downturn in Canada's economy seen deepening if US growth fades

“According to established economic wisdom, when the U.S. sniffles, Canada tends to catch a cold… But with the world so reliant on American consumer demand, and the Canadian private sector carrying exorbitantly high debt levels, if the U.S. sniffles...

Dollar slips as U.S. jobless claims boost Fed rate cut bets
Cross-Border

Dollar slips as U.S. jobless claims boost Fed rate cut bets

“The challenge here is how we reconcile the view of a soft landing with rapid and significant rate cuts in 2024? My view would be that at this point, markets are moving too fast ...

Markets expect Fed to outpace BoC rate cuts by end of 2024: top strategist
Cross-Border

Markets expect Fed to outpace BoC rate cuts by end of 2024: top strategist

Markets expect Fed to outpace BoC rate cuts by end of 2024: top strategist

ausbiz: Navigating Market Currents Amidst CPI Ripples
Cross-Border

ausbiz: Navigating Market Currents Amidst CPI Ripples

In his latest interview with ausbiz, Peter Dragicevich, APAC Currency Strategist at Corpay Cross-Border Solutions, discusses the current market scenarios and the impact of US CPI data.

Dollar on course for biggest one-day drop in a year
Cross-Border

Dollar on course for biggest one-day drop in a year

“The “US exceptionalism” trade’s best days are behind it, so traders and investors will seek to rebalance portfolios before year end” - Corpay’s Karl Schamotta

Canadian dollar rallies as investors cheer US inflation data
Global payments

Canadian dollar rallies as investors cheer US inflation data

“The Canadian dollar has reset sharply higher on improvements in rate differentials, borrowing costs and overall risk appetite” Corpay’s Karl Schamotta

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