Bearish on the Canadian economy and on the loonie: top strategist

Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to discuss how rate cuts happening in Canada earlier than in the U.S. could have a negative impact on the Canadian dollar.
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Пікірлер: 57

  • @hersdera
    @hersdera27 күн бұрын

    The economy is grappling with uncertainties, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

  • @EddyAgnes-vy4kp

    @EddyAgnes-vy4kp

    27 күн бұрын

    Things are strange right now. The US dollar is becoming less valuable because of inflation, but it's getting stronger compared to other currencies and things like gold and property. People are turning to the dollar because they think it's safer. I'm worried about my retirement savings of about $420,000 losing value because of high inflation. Where else can we keep our money?

  • @KarenLavia

    @KarenLavia

    27 күн бұрын

    Due to my demanding job, I lack the time to thoroughly assess my investments and analyze individual stocks. Consequently, for the past seven years, I have enlisted the services of a fiduciary who actively manages my portfolio to adapt to the current market conditions. This strategy has allowed me to navigate the financial landscape successfully, making informed decisions on when to buy and sell. Perhaps you should consider a similar approach.

  • @Hectorkante

    @Hectorkante

    27 күн бұрын

    this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation

  • @KarenLavia

    @KarenLavia

    27 күн бұрын

    Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Melissa Terri Swayne for the last five years or so, and her returns have been pretty much amazing.

  • @jones9-

    @jones9-

    27 күн бұрын

    Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

  • @user-ql1hu3fr4f
    @user-ql1hu3fr4f28 күн бұрын

    Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so practice some humility and low a strategy with a long term edge.

  • @Valentine-sd2fb

    @Valentine-sd2fb

    28 күн бұрын

    Nobody knows anything; You need to create your own process, manage risk, and stick to the plan, through thick or thin, While also continuously learning from mistakes and improving.

  • @Janise-pg8yr

    @Janise-pg8yr

    28 күн бұрын

    Uncertainty... it took me 5 years to stop trying to predict what bout to happen in market based on charts studying, cause you never know. not having a mentor cost me 5 years of pain I learn to go we’re the market is wanting to go and keep it simple with discipline.

  • @Daniel-ss7ri

    @Daniel-ss7ri

    28 күн бұрын

    Could you kindly elaborate on the advisor's background and qualifications?

  • @Janise-pg8yr

    @Janise-pg8yr

    28 күн бұрын

    Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

  • @Daniel-ss7ri

    @Daniel-ss7ri

    28 күн бұрын

    Just ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.

  • @WalterDorcas
    @WalterDorcas28 күн бұрын

    I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024.

  • @Johnmark-iq4gg

    @Johnmark-iq4gg

    28 күн бұрын

    Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

  • @soniajames-tn4mp

    @soniajames-tn4mp

    28 күн бұрын

    Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

  • @WalterDorcas

    @WalterDorcas

    28 күн бұрын

    I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

  • @soniajames-tn4mp

    @soniajames-tn4mp

    28 күн бұрын

    Just research the name ""Angela Lynn Shilling"". You’d find necessary details to work with a correspondence to set up an appointment...!!

  • @WalterDorcas

    @WalterDorcas

    28 күн бұрын

    I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you..

  • @roddywoods8130
    @roddywoods813028 күн бұрын

    Bearish periods automatically give way for a new set of stocks to buy and watch while setting the stage for a new profitable uptrend. I have come across articles of people that grossed profits up to $250k during this crash, what are the best stocks to put on a watch list or buy at the moment?

  • @selenajack2036

    @selenajack2036

    28 күн бұрын

    It's precisely at times like these that investors need to be on guard against the next certainty. You don't have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

  • @hushbash2989

    @hushbash2989

    28 күн бұрын

    AGREED! Having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q2 2024.

  • @bsetdays6784

    @bsetdays6784

    28 күн бұрын

    How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

  • @hushbash2989

    @hushbash2989

    28 күн бұрын

    “Lauren Marie Ehlers” is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

  • @kaylawood9053

    @kaylawood9053

    28 күн бұрын

    Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

  • @stephenr6194
    @stephenr619428 күн бұрын

    These guys have been talking about rate cut since first rate hike LOL

  • @markz1013

    @markz1013

    28 күн бұрын

    😂😂 so true

  • @bytesizedscreencasts

    @bytesizedscreencasts

    28 күн бұрын

    I am praying for interests to remain same 5% for another 12-18 months.

  • @Barr894
    @Barr89428 күн бұрын

    Wait until they cut rates. That’s when the Canadian dollar nosedives. Say bye bye dollar.

  • @waffles1ca

    @waffles1ca

    28 күн бұрын

    Wouldn’t bet against the Canadian record oil production numbers, as it affects the dollar.

  • @Barr894
    @Barr89428 күн бұрын

    Someone actually thinks Canadian oil production will prop up the Canadian dollar. Look at the chart of the Canadian dollar versus the US dollar from 2002. What do you see - a dying Canadian dollar. From 2013 to 2016 the Canadian dollar tanked; why didn’t oil production help. Recently, from 2022 to present, once again the Canadian dollar has been going down - why hasn’t oil production propped it up. The Canadian dollar is tanking because of the helicopter money Canada gave out in recent years. With lower tax rates in USA money and investment is moving to the USA.

  • @abracadbra9788
    @abracadbra978828 күн бұрын

    Shelter price is the main component of spending for a large portion of our society & the major reason why per capita GDP has declined steadily for the last consecutive six quarters, lowering the rates won't do anything to change that If the dollar keeps going down it will afeec the prices of imported goods tho wich will affect the same people who are already struggling with the accumulated inflation of about 18% in the last 4 years & most pf the price of rents The rate cuts will in the end improve the economic situation of the wealthiest part of canadians & increase the wealth gap I understand why Bay street wants rate cuts so they'll make more money with speculation both in the Stock & Real Estate markets they just don't give a shit about the average canadian

  • @epictetus3406

    @epictetus3406

    28 күн бұрын

    Start investing so you can make money too?

  • @waffles1ca

    @waffles1ca

    28 күн бұрын

    We have endured recessions far worse the what we have experienced in the past couple years. Never in the history of Canada have more people been employed and over the past 8 years we have produced record amounts of oil every year except 2020 when demand fell. A large portion of our population have (not being raised by depression era parents) lost money saving skills, cellphones, driv through coffee, fast food, it’s totally bonkers how people mismanage their money and blame governments.

  • @abracadbra9788

    @abracadbra9788

    23 күн бұрын

    @@waffles1ca Employment in Canada as in the US & Europe is fueled by gov deficit spending & in part by the huge stimulus packages during the pandemic wich have recently melted like snow in the sun Consumer spending is the basis of Western economies we see this going down steadily here in Canada as well as in the US & Europe wich reflects the last 6 quarters of per capita GDP decrease & the massive arrival of immigrannts (2.3 millions in the last two years wich is huge compared to Canada's population of approx 38 million people) Gov spending at the actual rate given the huge increase in gov debts in the last few years & the rise of interest rates are unsustainable even more so in a recession environment wich in the US started last october according to emplyement metrics reported by US employers not the BLS Yes people make ignorant investment decisions but our govs corporations & an important portion of canadian households invested in markets are now facing a wall of debt & when unemployment will start picking up due to the recession then the shit will hit the fan & even those who did'nt make stupid decisions relative to their revenues will pay a price for others stupid decisions

  • @Glory-to-God.
    @Glory-to-God.26 күн бұрын

    But canada is good at rolling out some mysterious and unexplainable economic data once in a while to strengthen the loonie

  • @GNJWKang
    @GNJWKang28 күн бұрын

    lol oNce yOU reMove tHE thiNgS THAT are respoNsIbLE For InFlATIOn tHeRe Is no inFLAtIOn

  • @user-kv4kp4co1r
    @user-kv4kp4co1r28 күн бұрын

    I think it's time for the financial institutions to let go the low interest rate addict economists and CEOs and hire the folks who understand the market and have feets on the ground.

  • @stephenr6194

    @stephenr6194

    28 күн бұрын

    They don’t understand how low interest rate causes goods so expensive and housing unaffordable…they just want peoples borrow and invest in the market for their own interest lol!

  • @quixomega
    @quixomega26 күн бұрын

    I wonder how many people will freak out if they don't lower rates? There seems to be a lot of speculation on this.

  • @geoffhunt5715
    @geoffhunt571528 күн бұрын

    The data on inflation is definitely wrong. I would think the other stats are not correct. As usual the stat numbers are revised in the near future. There will be no rate cuts this year

  • @sunrajsharma736
    @sunrajsharma73628 күн бұрын

    if rates get cut now, the cost of living is just gonna get out of hands! No chance they do that

  • @MCBC_5
    @MCBC_528 күн бұрын

    You cut interest the dollar will fall making us poorer rightly so in USD terms, this is the best case scenario, for the average joe bein poorer in USD terms is better than seeing a big fall in their home values

  • @yr1520

    @yr1520

    28 күн бұрын

    Who will buy the inflated homes when everyone is poor?

  • @curtis1397

    @curtis1397

    28 күн бұрын

    Don't forget the capital gains tax hike, weaker dollar will make more people hit that 250K threshold.

  • @redtiepie
    @redtiepie26 күн бұрын

    "Lies lies lies ya"

  • @SS1ization
    @SS1ization24 күн бұрын

    Dude really wants a rate hike:)

  • @ChrisMCP2
    @ChrisMCP228 күн бұрын

    It's 150% guarantee for June cut.

  • @trevors1410
    @trevors141027 күн бұрын

    The only way to control inflation is by eliminating income fraud in Canindia

  • @karlroth7082
    @karlroth708228 күн бұрын

    Lol. No way. Fed wants stability once we get to 2

  • @jaredvachon3134
    @jaredvachon313428 күн бұрын

    I don’t think rate cuts r coming anytime soon these guys just lie and lie

  • @Goldman_Bernstein
    @Goldman_Bernstein28 күн бұрын

    What's with the mascara?

  • @Barr894
    @Barr89428 күн бұрын

    You actually think oil will prop up the Canadian dollar, despite the enormous debt, and inflation? Wishful thinking, that defies logic.

  • @ChrisMCP2
    @ChrisMCP228 күн бұрын

    Karl is lol

  • @JessT-vg7ib
    @JessT-vg7ib28 күн бұрын

    We need a lower dollar so we could boost exports.