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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Post by CravingProfitson Mar 20, 2024 1:06pm
131 Views
Post# 35943162

From Wealthsimple....loan your shares to the shorts....lol

From Wealthsimple....loan your shares to the shorts....lolWow...

We recently introduced our stock lending program, giving you the opportunity to earn passive income on securities you already own. We noticed that you don’t have stock lending turned on, and we wanted to let you know that since launch, clients have earned more than $6M in less than a year from stock lending! The good news? You can start earning your share immediately with a single tap in our app.
Turn on stock lending

Remind me — how does stock lending work?

We loan out your fully paid stocks in your self-directed TFSA or non-registered portfolios to other institutional investors, and any earnings on the loan of the security are split between you and Wealthsimple.


Do I still own my stocks?

Absolutely. You still own your stocks — and they still behave exactly like they do when they're not being lent out. You can also sell your stocks at any time, even if they’re on loan.


What do I have to do to start earning?

Once you’ve enrolled — absolutely nothing! We arrange the loans and if your securities are borrowed, we pay out your earnings every month.


What are the risks?

They’re likely minimal. Though the Canadian Investor Protection Fund (CIPF) doesn’t provide coverage for stocks that are lent through stock lending programs, Wealthsimple provides cash collateral equal to 100% of the loaned stocks, in the highly unlikely case the borrower goes under. That means you’re protected.


How much can I earn?

It depends. As with most things in the finance world, value is a question of supply and demand. If you have a stock that lots of people want to borrow, you'll likely earn more for loaning it — for example, stocks that are highly traded or volatile might have higher earning potential. That said, our calculation above is based on your recent holdings, so it looks like you could be earning right now!


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