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History of CFDs

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In the financial market, a CFD or contract for difference is basically a contract between the buyer and the seller. This contract stipulates that the seller will be paying the difference between the present value of an asset along with its value at the time of contract to the buyer. Here, it is to be noted that if the difference between the current value of the asset and the value of the asset at the time of contract is negative, the buyer needs to make the payment to the seller. To be very brief, CFDs are basically financial derivatives allowing traders to reap the best benefits of prices moving down or prices moving up on core financial tools.

CFDs are generally used for speculating on the short position and the long position markets. At present, CFDs are widely available in Austria, Australia, Cyprus, Canada, Germany, France, Israel, Hong Kong, Italy, Ireland, Japan, United Kingdom, Norway, The Netherlands, Poland, Russia, Sweden, Romania, Luxembourg, Singapore, New Zealand, Switzerland, South Africa, Spain, Turkey and Portugal. CFDs are not permissible in various other countries.

Brief History Associated with CFD Trading

CFD Trading is a new and highly advanced financial instrument. It was first conceived in the year 1990 and since then it has seen good growth. CFDs were first developed in London by Smith New Court- a derivative brokerage firm which was later bought by Merrill Lynch. This firm possessed a number of hedge fund customers who were in the look out of a method of short selling the market while making use of high leverage for placing larger bets. CFDs came as the best answer for such clients.

CFDs also gave the large hedge consumers the option capability of avoiding stamp duty quite similar to the London Stock Exchange members. Initially, CFDs were used for offsetting the risk of great loss from trading on sticks in London Stock Exchange. They were considered one of the most favorable financial instruments that did not require a very huge margin or exchange of physical shares.

The Technology Boom in the 1990s

The technology boom of the 1990s offered a very huge population of new and volatile stocks considered ideal for CFDs. Long term investments were made completely unwanted due to the rate at which the price changes were taking place in the tech stocks. This allowed the market traders to contemplate on the direction of the stocks by making the effective use of CFDs. GNI was the very first company that brought CFDs to the private investors.

The company did this with its creation of a highly advanced online trading system known as GNI Touch. The system allowed the small investment companies and the private investors to trade on London Stock exchange without getting direct access. At present, estimates offer clear evidence of the fact that 25% of the stock market turnover of Britain is associated to CFDs. CFDs have also started spanning different countries throughout the globe making their way to markets like Stock Exchange of Singapore and Toronto Stock Exchange.

CFDs are Highly Beneficial in Trading on Stocks in Large Amounts

CFDs serve as one of the most inexpensive methods of trading on stocks on large amounts without going through the hassle of purchasing and selling underlying stock. The CFD brokers have been successful in creating markets where investors can easily earn good amount of money on stocks that continuously rise and fall.

It is also important to note that CFDs have also eliminated the requirement of accessing live markets for speculating on the directions of different stocks. CMC Markets is one of the best financial derivatives dealers in UK offering online trading in CFDs across the world markets. It is a company that launched CFD services in the retail market in the year 2000 and at present it operates as one of the major CFD providers in the United Kingdom.

What CFDs can be Traded?

One of the most important features of CFDs is the potential of trading international indices and shares. This works even when the traders o not have direct access to the market. There are different varieties of CFDs available for the Australian, German and UK traders giving them the flexibility of indirectly trading shares of Apple, IBM and Google.

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Beauty Week is back at Hudson’s Bay in Toronto and it’s time to get glam

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Beauty enthusiasts rejoice! Beauty Week at Hudson’s Bay is back in Toronto for another year. It’s time to stock up on all of your fall essentials and, maybe discover some new ones. 

From Friday, August 18 to Sunday, August 27, you can expect a truly elevated beauty experience in-store with incredible special offers, limited-time gifts, and exciting activations. 

If you’re a diehard beauty lover, you’ll already know that Hudson’s Bay is the place to shop thanks to its extensive range of over 195 skin and makeup brands from both luxury labels and masstige brands — including Tata Harper, Estée Lauder, YSL, Nars Cosmetics, Bobbi Brown, and so much more.

Throughout The Bay’s Beauty Week, visitors can take in some at-counter activations and interactive expert-led tutorials, where there will be chances to get makeup touch-ups from top-tier brands, try a spritz of the most alluring fragrances, and sample tons of new products.

This year’s Beauty Week highlight is the ‘Best in Beauty’ tote, a meticulously-curated selection of 30 deluxe samples from an array of top-tier brands like Dr. Barbara Sturm and Shiseido spanning skincare, fragrance, and makeup — all in a super sleek bag.

The tote, which is valued at over $300, is retailing for just $39 and is a fantastic way to explore new products (without breaking the bank). However, there is a limited quantity, so if you want to get your hands on one, you’ll need to be fast.

Wondering exactly what Beauty Week’s free gifts with purchases entail? If you spend over $95 at Lancôme, you will receive a six-piece set valued at $130. Or, you can get an Estée Lauder gift valued at $170 with purchases over $80. (And that’s just to name a few.)

If you’re a Hudson’s Bay Rewards member, you’ll also get $20 in Hudson’s Bay rewards when you spend over $100 on beauty.

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The Canadian Armed Forces are hiring for several non-combat military jobs

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The Canadian Armed Forces (CAF) have several non-combat jobs, some of which do not require a college degree or past work experience.

Life in the forces has several benefits, such as paid education plans (college, university and graduate-level programs), 20 paid vacation days, health and dental coverage for you and your family, maternity and paternal leave, and pension plans. You can learn more about the benefits in detail here.

And to make it easier to gauge if you qualify, the listings also include related civilian jobs to see if it’s your ideal role.

Financial services administrator

Related civilian jobs: Financial records entry clerk, financial manager, accounting technician, bookkeeper, budget officer, cashier clerk, business planner technician, and verification manager.

Description: You’ll help budget resources for all military activities besides providing financial assistance.

Education: You need to have completed Grade 10.

Duties: As a financial services administrator, you’ll be responsible for bookkeeping and managing budgets. You’ll also provide support in accounts payable and accounts receivable.

Work environment: Those in this role work at CAF bases, on ships or overseas. You might also be expected to help special operation units, recruiting offices, schools, and medical organizations.

Postal clerk

Related civilian jobs: Mail clerk, mail sorter.

Description: You’ll provide postal services to members and their families at bases and establishments.

Education: Grade 10. No previous work experience or related career skills are required.

Duties: As the postal clerk, you’ll handle mail duties.

Work environment: Besides a postal office, you may work on a ship or a mobile postal van. You might be expected to serve with Royal Canadian Navy, the Army, and the Royal Canadian Air Force in Canada and abroad.

Dental technician

Related civilian jobs: Dental assistant, dental hygienist.

Description: You’ll be helping dental officers provide dental services to CAF members, their families, and dependents.

Education: Level II dental assisting diploma from an accredited college or a National Dental Assisting Examining Board (NDAEB) certificate.

Duties: Those in this role will be responsible for various responsibilities, including disinfection and sterilization of dental equipment, applying rubber dams, placing cavity liners, and controlling bleeding. In addition, you’ll assist in laboratory procedures like creating casts, custom trays, and mouthguards.

Work environment: This role will require you to work in a military dental clinic, a Mobile Dental Clinic, an Air Transportable Dental System, or onboard a ship. You might be expected to work on a base in Canada or other operations in other parts of the world.

Human resources administrator

Related civilian jobs: Records administrator, data entry supervisor, receptionist, office manager, executive assistant, payroll clerk, and information management technician.

Description: Provide administrative and general human resources support.

Education: Grade 10. No previous work experience or related career skills are required.

Duties: In addition to human resources administration and services, you’ll be handling pay and allowances, managing automated pay systems, and maintaining personnel records.

Work environment: HR administrators work at all CAF bases in Canada. They also work on ships and overseas to support the Canadian Army, Royal Canadian Navy, or Royal Canadian Air Force operations.

Medical assistant

Related civilian jobs: Emergency medical responder, ambulance and first aid attendant, registered nursing assistant, licensed practical nurse, and hospital orderly.

Description: Successful candidates will help treat the sick and injured in CAF units. You’ll be assisting and supporting nursing and medical officers.

Education: Minimum of Grade 11 biology, Grade 10 physics or chemistry, and Grade 10 math.

Duties: You’ll provide initial care and essential life support treatments in trauma cases. You’ll help with health assessments (hearing and vision tests, perform basic lab procedures, etc.) and initiate and manage medical records and reports. You’ll also be expected to provide support and first aid during training exercises.

Work environment: Medical assistants may serve with the Royal Canadian Navy, the Royal Canadian Air Force or the Canadian Army as part of the Canadian Forces Health Services Group. Those in this role are exposed to the same risks as the forces they support.

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Porter’s new loyalty program promises to match Air Canada’s Aeroplan status

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Porter Airlines is once again stirring the pot among Canadian airline rivals, now going after Air Canada’s Aeroplan members by offering to match their loyalty status to an equivalent of their own.

The beloved airline, which recently ranked as having the best cabin service in North America, challenged the competition for the second time this year, after previously deploying a similar tactic against WestJet in the spring. 

Earlier in April, Porter presented customers with a limited-time offer to match the loyalty status of WestJet’s patrons with VIPorter levels.

Now, they’re offering Aeroplan members to seamlessly transition to an equivalent VIPorter Avid Traveller status based on their existing membership tier.

Members can then take advantage of an array of travel perks that come with flying Porter, including seat selection, baggage, and flight changes.

For those currently holding an Aeroplan membership, there are two ways to acquire the Avid Traveller status for the rest of 2023:

Status-Based Match:
  • Aeroplan 25K members = VIPorter Venture
  • Aeroplan 35K members = VIPorter Ascent
  • Aeroplan 50K, 75K, and Super Elite = VIPorter First
Flight Segments-Based Match:
  • 5 flight segments = VIPorter Passport
  • 8 segments = VIPorter Venture
  • 17 segments = VIPorter Ascent
  • 28 or more segments = VIPorter First

Members will have to first submit their applications on Porter’s website. Registration will remain open until September 6, 2023.

In order to maintain their membership level through 2024, customers will have until the end of 2023 to reach the following reduced qualifying spend (QS) targets:

  • Passport = $500 in QS
  • Venture = $750 in QS
  • Ascent = $1500 in QS
  • First = $2500 in QS

Over the past year, Porter has launched an aggressive expansion strategy, including everything from introducing longer flights on newly-purchased jet planes flying out of Toronto Pearson, free WiFi, and a new all-inclusive economy experience.

With Canadians losing both Swoop and Sunwing as WestJet incorporates both into their mainline business, Porter’s direct competition is welcome to keep prices competitive.

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