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News
Toronto home sales up 42.3% in September
October 07, 2020 02:22 AM AEDT| By Team Kalkine MediaA total of 11,083 homes were sold in September, up 42.3% year-over-year (YoY), said Toronto Regional Real Estate Board (TRREB). Sales of detached units grew 54.7% YoY while semi-detached up 53% YoY. Sales of townhomes went up by 46.9% whi...
Businesses to Get Rent Relief Under New COVID aid program
October 07, 2020 02:20 AM AEDT| By Team Kalkine MediaThe Trudeau government is working on a support program that aims at subsidizing rent for businesses without burdening landlords. A spokesperson for Finance Minister Chrystia Freeland said that her office is currently discussing the next st...
Cineplex (TSX:CGX) and Aphria Inc (TSX:APHA): 2 Stocks Under C$ 7
October 07, 2020 02:05 AM AEDT| By Team Kalkine MediaSummary Pot company Aphria Inc is set to announce its first quarter fiscal 2021 results on October 15. Cannabis sales contributed over C$ 9.6 billion to Canada’s GDP in July 2020. Cineplex stocks tumbled nearly 29 per cent on October 5 a.....
Clean Sweep for Biden anticipated, how is Wall Street placed?
October 07, 2020 12:10 AM AEDT| By Team Kalkine MediaA dismal blend of coronavirus worries, and presidential uncertainty has grappled Washington, leaving investors worried amid a volatile environment. Coronavirus has infected more than 7 million people in the US and resulted in more than 215,0.....
Share Buybacks and Dividends still under Fed leash: Extends Restrictions
October 06, 2020 05:06 PM AEDT| By Team Kalkine MediaDividend stocks have been one of the favourite picks for many investors across time. Companies formulate dividend pay-out policies to cater to the expected needs of investors post taking the capital allocation decision into consideration. There has.....
Where can you use bitcoin?
October 06, 2020 04:05 PM AEDT| By Edita IvancevicEver since cryptocurrencies are getting recognised by more and more people, the price of bitcoin has drastically gone up. The high price caused an even higher demand, which resulted in more stores and companies accepting bitcoin as a way of payment.....
TSX continues its winning streak; Aphria and New Gold top movers
October 06, 2020 11:00 AM AEDT| By Team Kalkine MediaThe leading equity gauge of the Toronto Stock Exchange, S&P/TSX Composite Index, recorded three consecutive days of gains and settled ~211 points or 1.30% higher at 16,410.19. The index traded above its crucial short-term support level of 50-day...
Canadian Pacific Railways posts best-ever third quarter for grain & grain products shipping
October 06, 2020 02:42 AM AEDT| By Team Kalkine MediaCanadian Pacific Railways (TSX: CP) (NYSE: CP) posted its best-ever quarter for the country’s grain and grain products shipping. The shipping figures went up by 10.8 per cent in 7.72 million metric tonnes (MMT) in 2020 as compared to 6.97 MM.....
Suncor Energy (SU:CT) to slash 10% to 15% workforce
October 06, 2020 02:39 AM AEDT| By Team Kalkine MediaSuncor is planning to cut about 2000 jobs as the company set to align itself with the current oil price volatility and improve cost structure. Crude oil demand deficit has prompted agencies like the International Energy Agency to curtail their out.....
TC Energy to acquire TC PipeLines in $1.48 billion deal
October 06, 2020 02:36 AM AEDT| By Team Kalkine MediaTC Energy Corp (TSX:TRP) already owns a 23.96 per cent stake in TC PipeLines. The company will buy the remaining shares in TC PipeLines in a deal values the pipeline company at about $1.48 billion. In this deal, TC PipeLines shareholders will rec.....
Statistics Canada to release its September job numbers on Friday
October 06, 2020 02:33 AM AEDT| By Team Kalkine MediaThe speed of gains in the Canadian job market slowed down in August. The economy added 246,000 jobs, the fourth straight month of gains after jobless claims rose during lockdowns in March and April. Employment spiked by 246,000 (+1.4%) in August,.....
Furniture manufacture Cymax Group to go public
October 06, 2020 02:30 AM AEDT| By Team Kalkine MediaThe digital furniture seller plans to list on the Toronto Stock Exchange (TSX). Cymax is looking to explore new ventures such as sheds, barbecues, and fitness equipment. The group also plans to expand abroad to bring more volumes to its websites......
Facedrive (TSXV:FD) and GreenPower Motors (TSXV:GPV): 2 Rising ESG Stocks
October 06, 2020 02:12 AM AEDT| By Team Kalkine MediaSummary Forced to confront climate change, biodiversity losses, and dampening outlook of oil & gas sector, Canada is already trying to reduce its economic dependence on fossil fuels. The federal government has diverted billions towards the .....
Toronto real estate sector staring at bubble risk
October 04, 2020 03:00 PM AEDT| By Team Kalkine MediaAs per UBS Global Real Estate Bubble Index, Toronto is the third most likely city at the risk of a residential real estate bubble. Vancouver real estate does not face a bubble risk anymore but is overvalued, adds the report. Frankfurt, Mu...
Bed Bath & Beyond sales soar to highest level since 2018
October 04, 2020 12:10 AM AEST| By Team Kalkine MediaThe comparable-store sales of the domestic merchandise retail store rose by 6% in the second quarter ended August 29. Quarterly revenues stood at US$ 2.69 billion. The retailer will be adding additional consumer services to attract online...
International shipping industry suffers second cyber attack within 7 days
October 04, 2020 12:00 AM AEST| By Team Kalkine MediaThe cyberattacks have raised concerns over disruptions to supply chains during the peak season. Several International Maritime Organization-based services are currently unavailable. Last week, French container transportation and shipping...
Ballard (TSX:BLDP) and Cronos (TSX:CRON): 2 Inflation-Proof Stocks for Investors
October 03, 2020 11:00 PM AEST| By Team Kalkine MediaSummary As per TSX30 list 2020, Shopify (TSX: SHOP), Ballard (TSX: BLDP) and Cronos (TSX: CRON) are the top performing stocks on the Canadian stock exchange. Cleantech firm Ballard’s stock price (di.....
TSX Composite Ends The Week In Green
October 03, 2020 01:00 AM AEST| By Team Kalkine MediaThe leading Canadian benchmark index ended slightly higher on Friday, October 2, up ~14 points or 0.09 per cent to close at 16,199.25. The current dividend yield on the TSX stood at ~3.61% on an annualized basis. (Five-day daily price chart...
Cannabis contributes over C$ 9.6 billion to Canada's GDP in July 2020
October 03, 2020 12:10 AM AEST| By Team Kalkine MediaThe figures are up 19 per cent from July last year, shows data from Statistics Canada. The legal cannabis market's contribution to GDP went up around 54 per cent in the same time frame. Data shows that the pot industry black marke...
Air Canada orders 25,000 rapid COVID-19 testing kits
October 03, 2020 12:02 AM AEST| By Team Kalkine MediaThe Canadian airlines has ordered the first batch of testing kits that can detect the virus within five minutes. The initial lot will be for employees who volunteer for testing. The rapid-testing experiment began on September 3 and over 1...
Canadian AI All-Stars: Unveiling the Top Stocks for 2025