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Stock impact report

Posthaste: So long 'new normal.' The 'old normal' is back and that means higher interest rates [Yahoo! Finance Canada]

Corpay, Inc. (CPAY) 
One analyst thinks it's over and we're heading back to the “old normal,” which ultimately means a world with more volatility and higher interest rates and a lower Canadian dollar , but with some silver linings, suggests Karl Schamotta, chief market strategist at Corpay Inc. “The excess global liquidity that was previously suppressing interest rates and raising asset values is now beginning to shrink, and so that means that interest rates should settle closer to their long-term averages” in the range of about 4.82 per cent, he said, basing that number on 10-year United States Treasury yield data going back to 1790. The Bank of Canada has currently set its benchmark lending rate at 3.25 per cent, with the market expecting another cut when policymakers Read more
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