5 Ideal Reasons for Investing in Utility Stocks
Utility stocks are stocks of companies that deliver essential services such as water, gas, and electricity among others. Utility stock is an ideal conservative option for investors looking for steady higher dividends. You can invest in utility stocks companies through a brokerage firm by buying individual utility stocks, mutual funds that are specialized in the utilities sector or as ETFs that include the select sector SPDR-utilities.
8 Best Stock Investment Apps for Beginners
Investing is a daunting task and sometimes could be confusing especially for a beginner. In the past, an investment process began by making a call to a brokerage firm to obtain an advisor who would advise the investor throughout the process. However, the technological advancement has made it easier for beginners who want to start trading. Now, they can just download an app on their PC or Smartphone and use it to trade securities. Different apps offer automation, low cost and high-security measures to make investing easy and exciting for all.
5 Key Benefits of a Robo-Adviser
Robo-adviser is an automated online wealth management service or a class of digital online financial institutions that offer financial advice or investment management tips online with minimal human intervention. The algorithms are executed by software to allocate, manage and optimize clients’ assets. Being online, however, does not make it less effective and ideal financial institution as it has almost all the aspects of the physical human involvement.
Top 5 Forex Risks Traders Should Consider Before they Invest
Forex exchange market is a global decentralized or over the counter market that facilitates the trading of currencies. Just like in a stock exchange, the traders’ goal is to make a profit by buying low and selling high. Forex markets are highly liquid assets due to the high trading volumes. Some of the most common forex exchange trades include spot transactions, currency swaps, and options, forwards, and foreign exchange swaps. Forex trades face plenty of risks that can result in substantial losses. Here are the top 5 forex risks that every trader should consider before they dive into forex trading: 1. Leverage Risks In forex trading, traders require a small initial investment called a margin which is used as leverage in forex trading to gain access to substantial trades. Price volatility can result in margin calls where the investor is required to commit an additional margin. In highly volatile market conditions, aggressive use of leverage by traders can result in massive losses over initial investments made. 2. Interest Rate Risks Interest rate affects countries exchange rates. If a country’s interest rates rise, the currency strengthens. Investors flood the country as they invest in the country’s assets. In essence, a stronger currency means better returns. On the other hand, if a country interest rates fall, the currency weakens as investors begin to withdraw their investments. Interest rate changes can thus have a dramatic effect on forex prices. 3. Transaction Risks The difference or gap between when a contract is initiated and when it settles poses a transaction risk which is an exchange rate risk. Forex trading usually takes 24 hours, and exchange rates can drastically change any time before a trade settle. Currencies also trade at different prices at different times during the trading process. The greater the gap, the higher the transaction risk. The exchange risk that traders face during the trading hours increase the transaction costs. 4. Counterparty Risk The company that provides the asset to an investor in a financial transaction is called the counterparty. There is a risk of default from the dealer or broker in any particular transaction which refers to the counterparty risk. Spot and forward contracts on currencies do not get a guarantee by an exchange or a clearing house and thus pose a counterparty risk to an investor. The counterparty risk can occur in spot currency trading in the event the market maker end up insolvency. The counterparty can refuse or can be unable to oblige to contracts in highly volatile market conditions. 5. Country Risk An investor must assess the structure and the stability of the issuing country before they invest in currencies. In a majority of developing countries, the exchange rates are pegged to a particular world leader currency such as the US dollar. Central Banks in those countries must sustain sufficient reserves to help maintain good exchange rates. A balance of payments deficit can lead to devaluation of the currency and result in a currency crisis. It can consequently have massive effects on forex prices and trading. Investors can also begin to withdraw their assets if they suspect the currency is likely to decrease in value. It results in further devaluing of the currency. Currency crisis aggravates liquidity and credit risks as the currency devalues the assets become illiquid. The Bottom Line An investor should consider the various risks and losses associated with foreign exchange trading before they invest. While forex assets have the highest trading volume, the risks can lead to massive losses.
Karora Resources Announces Partnership with The Net Zero Company to Develop Pathway to Become One of the World's First Net Zero GHG Junior Gold Mining Companies
Highlights Karora is announcing a partnership with The Net Zero CompanyTM in order to commit to, and implement, a pathway to become one of the world's first net zero junior gold mining companies. Karora will work with The Net Zero CompanyTM to seek to ensure its approach to setting and achieving G
Sun Life announces industry-leading limits for non-medical underwriting
Limits are meant to be pushed: Clients can now get up to $5 million in life insurance coverage without lab exams TORONTO, June 14, 2021 /CNW/ - At a time when health and financial security have never been more important, Sun Life Canada is pushing the limits and bringing Clients fast and easy ac
NAMCOR and ReconAfrica Sign JOA; A Partnership that Seeks to Unlock the Vast Resource Potential in Namibia
WINDHOEK, Namibia and VANCOUVER, BC, June 14, 2021 /CNW/ - The National Petroleum Corporation of Namibia ("NAMCOR") and Reconnaissance Energy Africa Ltd. (the "Company" or "ReconAfrica") (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) are pleased to announce the execution of a Joint Operating Agreeme
Ceres Global Ag Corp. Announces New $50 Million Term Debt Credit Facility
MINNEAPOLIS, Minn., June 14, 2021 /CNW/ - Ceres Global Ag Corp. (TSX: CRP) ("Ceres" or the "Corporation") a global agricultural, energy and industrial products merchandising and supply chain company, announced that it has entered into a five-year senior secured $50 million term debt credit facility with the Bank of Montreal ("BMO") that includes a $30 million term loan draw that will be used to retire the Company's term loan with Bixby Bridge Fund IV, LLC ("Bixby") along with an additional $20 million delayed draw committed term loan that will be used to fund future growth projects and initiatives. The BMO term debt credit facility is priced at Libor + 3.5% which is significantly below the Bixby loan rate of Libor plus 6.0%. All amounts are in U.S. currency. "We are pleased to announce this BMO term debt credit facility that gives us access to more capital at a significantly reduced price," said Mr. Jay Bierley, Vice President and Chief Financial Officer at Ceres. "This credit facility will positively impact our earnings, strengthen our balance sheet, and provide capital needed to pursue growth and increase Ceres's competitiveness in the markets in which we operate. We would also like to thank Bixby for their support in providing needed capital that helped get us to the position we are today." About Ceres Global Ag Corp. (ceresglobalagcorp.com) Ceres and its subsidiaries ("Ceres") add value across agricultural, energy and industrial supply chains through efficient sourcing, storing, transporting and marketing of high-quality agricultural commodities, value-added products and raw materials. Leveraging its network of commodity logistics centers and team of industry experts, Ceres connects farmers to customers around the world. Ceres is headquartered in Golden Valley, Minnesota, and together with its affiliated companies, operates 13 locations across Saskatchewan, Manitoba, Ontario, and Minnesota. These facilities have an aggregate grain and oilseed storage capacity of approximately 31 million bushels. Ceres has a 50% interest in Savage Riverport, LLC (a joint venture with Consolidated Grain and Barge Co.), a 50% interest in Farmers Grain, LLC (a joint venture with Farmer's Cooperative Grain and Seed Association), a 50% interest in Gateway Energy Terminal (an unincorporated joint venture with Steel Reef Infrastructure Corp.), a 25% interest in Stewart Southern Railway Inc. (a short-line railway located in southeast Saskatchewan with a range of 130 kilometers), and a 17% interest in Canterra Seed Holdings Ltd. (a Canada-based seed development company). For more information about Ceres, please visit www.ceresglobalagcorp.com SOURCE Ceres Global Ag Corp.
2020 Activity Report - Business resilience in Saint-Laurent for an innovation-driven recovery in 2021
Minister Joly highlights new Prairie-focused Regional Development Agency investment announced in Budget 2021