Post-pandemic boom in the service industry, loonie to see upside: Karl Schamotta
Category:Cross-Border
Updated:2022-07-29
Karl Schamotta, Chief Market Strategist at 91¿ì»îÁÖ, joins BNN Bloomberg to discuss Canada's economic strength as it dodges a GDP contraction for May. Schamotta says Canada is experiencing a post-pandemic boom in the service industry, which will continue to help the country's economic growth. He adds the Canadian dollar could outperform the U.S. dollar in the near term.
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