Markets could be right regarding worries about higher rates for longer: strategist
Karl Schamotta, chief market strategist at Corpay, joins BNN Bloomberg to discuss his outlook for the economy. He says resilient economies could lead to more hawkish messages from central banks. He adds a improved sentiment in the Canadian economy could lead to outperformance for the Canadian dollar in the short-term. However, he says risks such as debt could lead the loonie lower by the end of 2024.