Category Archives: Business

Canadian Dollar Nearing 3 Month High Supported By Many Positive Indicators

The Canadian dollar is riding the Brexit wave and strengthening against the GBP.  The Loonie recorded the strongest high in 3 months due to the last minute Brexit deal and stronger economic data. Britain and EU carved out a better deal to facilitate smooth transition and avoid negative impact on the global economy due to Brexit.

Many factors such as positive outlook, increased demand for Canadian Yield bonds, positive news from job markets and Bank of Canada deciding not to alter the interest rates played a significant role in the CAD rally. The news about the improved Brexit deal have further strengthened the CAD forecast.

Canada being an economy that is largely based on commodities, any news that effects the global commodity outlook affects the CAD forecast. The Canadian manufacturing sales have increased by 0.8% in August and outperformed the forecast of 0.6%. This is mainly due to increased motor vehicle sales and sale of fabricated metal products. The Global weakness has not affected the Canadian economy, which remained resilient and contributed to the positive rally of CAD.

Another factor that has contributed to the CAD rally is the fact that the Bank of Canada has retained the interest rate at 1.75% even as their peers all around the world have reduced the rates considerably to aid slowing economies.

Canada also has recorded a positive growth in employment rates. The country has added 28,200 new jobs in September along with an increase in the wage rates. This has also contributed to the strengthening of the Canadian Dollar.

The elections this time did not have any major impact on the price of the CAD. The striking similarities between the economic policies of both the leading political parties may be one of the reason for this phenomenon. Both the parties have promised similar tax-cuts and other economic policies, although there is difference in the climate policies of both the parties.

The resolution of trade disputed between the USA and China is also aiding the CAD rally as it has a positive impact on the global trade scenario.

To sum up different factors such as Brexit deal, resolution of US-china trade disputes, positive employment and wage growth, and interest rate policy of Bank of Canada have contributed to a positive growth in the CAD forecast.

 

 

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Sennder Taking On Freight-Forwarding With $70M Worth Of Funding

Logistics is one of the older, less-understood parts of the commercial world. But with Amazon proving that logistics is worth the effort and investment, and many other companies proving how hard it hits to ignore logistics, many businesses across the world are looking to enter the logistics business.

Berlin-based Sennder, recently announced a round of funding, which they report will be for the digitization and modernization of the antiquated logistics market with a digital platform. Reports surrounding the FTL Dedicated Truckload Freight company’s Series C funding round say that they brought in approximately $70mn.

The funding was led by Lakestar, with several other firms like Accel, H14, Next46, HV Holtzbrinck Ventures, Project A, and even Scania Growth Capital, investing in the startup. Notably, it’s the second round of funding that Sennder ran in 2019, with a Series B financial round earlier in Spring. This investing shows the interest of investors in logistics, which is currently estimated to sit at a value of $400bn in Europe.

Other major funding rounds in the trucking industry include other companies that handle FTL Dedicated Truckload Freight, competing with Sennder in their niche, like US’s Flexport receiving an investment of $3.2bn, the UK’s Zencargo raising $20mn, among others.

This shows how crowded the market really is, and where corporate specializations come into play. For Sennder, they specialize in the FTL Dedicated Truckload Freight market, aimed at the organization, logging and optimization of cargo, with a particular focus on smaller and mid-sized companies.

In Europe alone, that particular sector is estimated to be worth around $120bn. As with other startups, Sennder hopes to bring cloud-based communication and improved tracking and record keeping, as well as better logistical organization to the trucking industry, which has been operating mostly with faxed or shipped invoices, among other archaic methods.

Sennder co-founder David Nothacker states that they’ve pooled together the knowledge that he and the other co-founders acquired, with the goal of improving operations in the trucking industry. He adds that they believe that sennder is leading the way in digitization, and reliability. Nothacker co-founded Sennder alongside Nicolaus Schefenacker and Julius Koehler.

 

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The Future Of Shipping In LTL

The past few years, the shipping industry has witnessed the bloom of the FTL dedicated truckload freight but a new player is going to disrupt the market in the form of LTL. Experts believe that it is already on the edge of undergoing an expansion. There are many factors that will ultimately contribute to the success of the LTL market such as fears brought about by trade wars, shortage of truck drivers, e-commerce and costs of fuel, capacity crunch and increases in the general rate among many others. While these factors will drive LTL to victory, these will also cause chaos in the years to come.

According to reports, the costs of the inbound LTL freight are already increasing even before the peak season for shipping has started. This prompted the overall market of the LTL to raise their rates in the following year. In line with this, shippers should be aware so they can budget properly and to get the most of the shipping costs they are allocating.

One of the main problems, if the outlook rate of the LTL freight is to increase, boils down to the foundation of business which is competition. In comparison to FT trucking, the market of the less than truckload is not in proportion. Twenty-five of the leading LTL providers are also managing around 90 percent of the total LTL freight. The rest which is only 10 per cent is already divided to smaller carriers in the regional and local market.

At the end of the day, acquiring a better deal is not as obvious compared to choosing a carrier under FT. An estimated 11.2 per cent has changed with the FT rates. On the other hand, a 7.5 per cent growth with regards to the LTL rates has been recorded.

While there are still many providers of FTL dedicated truckload freight, LTL will start to make its way into the spotlight because of its extra capacity to handle which the former cannot do so. The main advantage with LTL is that the system is able to hire drivers in the younger age range compared to FTL.

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The Benefits Of Online Accounting

With the fast advancement of technology, everything can be done over the internet and that includes accounting. A lot of financial bookkeeping practices may have been on the computer in a while, but online accounting is still relatively new to the World Wide Web. While it is true that some businesses are not comfortable with online financial transactions, it cannot be denied that there are quite a number of advantages from digital accounting practices. With the use of digital accounting software, an accounting firm can do the job without stepping out of the office. They can perform different software applications, such as bookkeeping, inventory, and payroll. By logging in to a secure website, they can have access to their accounting records. Both the business and accounting firm can visit a virtual office where they can work on their documents and discuss transactions in real time. This is not only convenient but it also helps professionals avoid extra expenses.

How is online accounting beneficial to businesses?

Instead of taking the hassles of looking into financial records or waiting for emails, business owners can check on their records right away. Any financial questions can also be answered without wasting time. Business leaders will be able to drive sales and expand the business when they access financial records online. They also have the chance to manage the details of transactions through the software.

How is online accounting beneficial to accounting firms?

With the use of online accounting methods, an accounting firm can improve their profitability. They can get rid of paying for international and long distance phone calls since they already go for online meetings. They can also avoid conferencing services and postage costs. With a virtual office, connecting with clients does not only save them money but also the time spent for travelling. Financial professionals will no longer go through the hassles of traveling from one place to another to discuss financial transactions. A lot of online accounting services also provide the fundaments of accounting functions with software. This means firms can reduce the expenses on data entry and other accounting activities.

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Why It Is Better To Buy A Home Than Waste Money Paying Rent

Even the mere thought of going to the dentist can make a person anxious and high stressed. High levels of anxiety makes a person avoid the dentist unless it is an emergency. The solution is West Chester sedation dentistry so that people suffering from dental phobia can have treatment.

Meanwhile, real estate professionals agree that Reading has affordable housing stock. Over the years, Reading has the unfavorable distinction of making it to the top of some lists. In 2011, US Census Bureau named Reading as the poorest city in the nation.

Recently, HomeArea.com named Reading as the Number One city in Pennsylvania to buy real estate instead of renting. This is based on calculating price-to-rent ratios for cities with populations of 60,000 and more. Price-to-rent ratio means the median home value divided by median annual cost to rent. If the home prices rise faster than rent, the ratio also rises.

Ratios that are less than 20 are more affordable to buy than rent. In Pennsylvania, the top 7 cities where it is a smarter move to buy than rent include Reading, 9.2; Allentown, 12.9; Pittsburg, 13; Erie, 13.7; Scranton, 14.2; Bethlehem, 16.7 and Philadelphia, 17.1.

According to Peter Heim, associate broker, if you can afford to buy property cheaply, why should you rent? There are tax benefits to ownership and you can build equity. When you rent, every time you pay rent you are throwing away money. However, it is still more advisable to buy in the city even with the high property tax and the 5% real estate transfer tax.

Sue Bernhard, a realtor, said purchasing a home in the city is the first step towards home ownership. She believes that Reading can overcome its negative stigma. It is a good thing for people to take the first step towards home ownership in Reading because of the positive outlook for the city.

There are different methods used in sedation dentistry to make you feel comfortable and less responsive to pain. In oral sedation, 1 or 2 two pills can be placed under the tongue or the patient breathes nitrous oxide. For more questions, visit West Chester sedation dentistry that will explain the different methods.

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Legal Battle Over Junk In A Local Property In Salem

Whether the home is being prepared to be sold or even if the contract has been signed, it is important for a real estate agent to make sure that all the trash and junk in the property has been removed otherwise it will reflect poorly on his reputation and professionalism. Real estate agents must work with junk removal Orange County to clean up and haul all the junk away before the buyer moves in.

According to court documents, Salem’s legal battles over piles of printer boxes and other items placed on a local property will only end if the property is sold to a new owner. The owner of the property Michael Banes is negotiating a sale with a potential buyer who is aware of the situation.

The town of Salem took Bates to court last November in order to force him to clean up the property that has become a nuisance and a fire hazard. The fire department has notified Bates that the accumulated combustible material on the property is a fire hazard.  If the property will be sold, it can negate the need for further judicial intervention as long as the property is brought into compliance.

The trash which covers an entire backyard consists of boxes of Epson inkjet printers, loose cardboards and Styrofoam packing materials. As many as 200 boxes still had printers inside which can become homes to animals. Several of the printers were in their original packaging but unopened which means that there are inkjet cartridges inside that can cause environmental problems. Recycling is not an option because it is expensive.

Salem’s Health Officer, Brian Lockhard, is working with junk removal contractors on the estimated cost of removing the 10-foot tall mountain of junk at 45 Mclarnon Road. A company provided an estimate of between $7,000 and $13,000.

Items and debris that are left by previous owners of a property can be removed and hauled by junk removal Orange County the soonest possible time. Real estate is a word of mouth business and any bad news about a real estate agent neglecting junk in a property can be bad for business. It is important to ensure that properties are clean and free from clutter.

 

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