Low-flying loonie making Bank of Canada’s fight against inflation even harder
In recent decades, a 10 per cent drop in the Canadian dollar has translated into a short-lived half per cent upward shock in the annualized headline inflation reading, according to Karl Schamotta, chief market strategist at Corpay.
Mortgage-debt pressure will lead to deceleration in rate hikes from the BoC: Karl Schamotta
Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg for his view on the Canadian economy and currency following OPEC+ recommendation regarding oil production cuts.
Karl Schamotta, chief market strategist at Corpay Cross Border Payments, speaks to the Financial Post's Larysa Harapyn about the outlook for the Canadian dollar and what factors are impacting price fluctuations.
"We're seeing a drop in interest rate expectations across the financial markets on the basis of Reserve Bank of Australia's surprise smaller-than-expected hike," said Karl Schamotta, chief market strategist at Corpay in Toronto.
