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Latest Business Coach podcast: Hedging your bets

May 13, 2008

News Releases

    New episode of PROFIT/BMO Business Coach podcast unveiled today.

    TORONTO, May 13 /CNW/ - While the rise of the Loonie is well received by
some companies and totally despised by others, there's one thing they can all
agree on concerning international currency markets: volatility is the enemy of
everyone. There is a way you can minimize currency risk if you're an importer
or exporter, and that's hedging. Join PROFIT editor Ian Portsmouth and Ron
Rylott, Director of Business Development, Foreign Exchange Products, at BMO
Capital Markets as they explain the art of currency hedging and answer the
following questions:-   What is hedging?
    -   If many consider hedging risky, why do it?
    -   When should a company hedge its currency?
    -   Is hedging a popular method of foreign exchange management?
    -   Among those who don't hedge, why would they chose not to?
    -   What are the most common hedging strategies, how do they work, and
        when are they appropriate?
    -   Is there any way to make the right "gamble" more often than not?
    -   How much does hedging cost and where do I go to start hedging?Rated as one of the top podcasts available for download during the run of
its first episode on Apple iTunes, the new Business Coach episodes offer new
insight and information in an updated format to help small business owners run
their business better. Since October of 2007 podcast episodes have been
regularly available on iTunes, as well as on bmo.com and PROFITguide.com.
Previous releases include: "Lessons from the Dragons' Den," "Building an
advisory board," "Family business," Personal finance," "Better Workplaces,"
"Social Media," "Tax Planning," "Going Global," "Retire Rich," "Cash
Management," "Fortune Hunters," "Economic Outlook," "Search Engine
Optimization," "Market Value," and "Taglines."
    The Business Coach podcast is offered in both English and French, with
the English language interviews hosted by Ian Portsmouth and broadcaster André
Hains leading the Francophone episodes. The podcast is produced by PROFIT in
cooperation with BMO Bank of Montreal.

    About PROFIT

    PROFIT: Your Guide to Business Success is Canada's preeminent publication
dedicated to the management issues and opportunities facing small and
mid-sized businesses. For more than 25 years, Canadian entrepreneurs across a
vast array of economic sectors have remained loyal to PROFIT because it's a
timely and reliable source of actionable information that helps them increase
their revenues, boost their profitability and get the recognition they deserve
for generating positive economic and social change. Published six times a year
by Rogers Publishing Ltd., PROFIT is distributed almost exclusively to the
chief executives of companies with 5 to 250 employees and annual revenue of
$1 million to $25 million, reaching more than 300,000 readers across Canada.
Visit PROFIT online at http://www.profitmagazine.ca.