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News
TSX Composite Ended in Green on October 1, 2020.
October 02, 2020 12:00 PM AEST| By Team Kalkine MediaThe leading benchmark index of the Toronto Stock Exchange, TSX Composite ended higher after two consecutive days of negative settlement. The index was up ~63 points or 0.39% to 16,184.54. On the TSX, 161 stocks rose and 59 fell as a 2.7-to-1 ratio fa...
JPMorgan pays $920 Million to settle the US Justice Department and CFTC Probe
October 02, 2020 10:00 AM AEST| By Team Kalkine MediaOne of the largest banks in the United States, JP Morgan Chase was found engaged in placing manipulative trades in the secondary market, which consists of futures tied to precious metals and Treasury bonds. JP Morgan has been asked to pay a fine of.....
Both Donald And Melania Trump Tested Positive For Coronavirus
October 02, 2020 05:20 AM AEST| By Team Kalkine MediaIn his most recent tweet, the US President Donald J. Trump announced that both him and his wife Melania Trump contracted COVID-19. After Mr Trump’s close adviser Hope Hicks revealed her positive coronavirus test, the President revealed that .....
Yield and Liquidity Farming - Tools to Generate Alpha in the Crypto Space
October 02, 2020 03:55 AM AEST| By Team Kalkine MediaDeFi or decentralised finance is the new talk of the town with the disruptive application of the blockchain technology keeping the cryptocurrency ablaze in the market. Blockchain technology is behind almost every DeFi application in the market place...
Google sets aside US$1 billion+ for news content publishers
October 02, 2020 02:00 AM AEST| By Team Kalkine MediaThe search giant will pay select media outlets to display content on its news app. The billion dollar-payout will be spread across three years, and will be later extended, said Google in a statement. Google has often been accused of unfairly lift.....
Canada Infrastructure bank to invest C$10 Billion to create jobs
October 02, 2020 02:00 AM AEST| By Team Kalkine MediaThe aim of the project is to create 60,000 jobs in priority areas for COVID and fight climate change. About C$ 1.5 billion will be diverted to agricultural infrastructure in Western Canada Nearly C$ 2 billion will invested in broadband pl...
Canopy Growth to introduce cannabis beverages in US
October 02, 2020 02:00 AM AEST| By Team Kalkine MediaThe pot firm will launch THC-infused beverages in the US market. The Ontario-based form will sell the drinks in California and Illinois from 2021. They’ll be available in dispensaries and in liquor and retail locations (if legally permissib.....
Oil price plummets over OPEC supply fears
October 02, 2020 02:00 AM AEST| By Team Kalkine MediaOil hit the lowest point in two-weeks over uncertainties around US stimulus, second virus wave fears and rising supply from OPEC+ producers. Futures in New York lost 6.5 per cent on Thursday. Brent Futures slid US$1.91 to US$40.39 a barrel. ...
Google sets aside US$1 billion+ for news content publishers
October 02, 2020 01:06 AM AEST| By Team Kalkine MediaThe search giant will pay select media outlets to display content on its news app. The billion dollar-payout will be spread across three years, and will be later extended, said Google in a statement. Google has often been accused of unfai...
Canada Infrastructure bank to invest C$10 Billion to create jobs
October 02, 2020 01:04 AM AEST| By Team Kalkine MediaThe aim of the project is to create 60,000 jobs in priority areas for COVID and fight climate change. About C$ 1.5 billion will be diverted to agricultural infrastructure in Western Canada Nearly C$ 2 billion will invested in broadband pl...
Canopy Growth to introduce cannabis beverages in US
October 02, 2020 01:02 AM AEST| By Team Kalkine MediaThe pot firm will launch THC-infused beverages in the US market. The Ontario-based form will sell the drinks in California and Illinois from 2021. They’ll be available in dispensaries and in liquor and retail locations (if legally p...
Oil price plummets over OPEC supply fears
October 02, 2020 01:00 AM AEST| By Team Kalkine MediaOil hit the lowest point in two-weeks over uncertainties around US stimulus, second virus wave fears and rising supply from OPEC+ producers. Futures in New York lost 6.5 per cent on Thursday. Brent Futures slid US$1.91 to US$40.39 a barre...
TSX Composite Posts Steep Losses in September, First Drop Since March
October 01, 2020 12:11 PM AEST| By Team Kalkine MediaCanada's leading S&P/TSX Composite Index posted sharp monthly losses, plunging 2.38% in September. This is the first negative monthly close since the market’s free fall in March, which was led by lockdown and pandemic containment measures....
AstraZeneca Share Price Topples as FDA Widens its Inquiry on COVID-19 Vaccine
October 01, 2020 12:00 PM AEST| By Team Kalkine MediaShare price of British-Swedish multinational pharma and biotech company AstraZeneca Plc (LON:AZN) tumbled by 0.56% to close the market at US$54.80 on 30 September 2020. The U.S. Food and Drug Administration (FDA) is still to give approval to Astra.....
TC Energy signs deal with Indigenous group for ownership stake in Keystone XL project
September 30, 2020 11:12 PM AEST| By Team Kalkine MediaThe Calgary-based energy company signed an MoU with the Natural Law Energy. Through this deal, indigenous communities will be given a chance for ownership in the Keystone XL pipeline project, said TC Energy in a statement. Natural Law rep...
Liberals survive as COVID-19 recovery benefits get unanimous support
September 30, 2020 11:06 PM AEST| By Team Kalkine MediaThe House of Commons unanimously passed the COVID-19 legislation in an overnight confidence vote. The new bill has proposed three new streams of federal benefits for those rendered unemployed and underemployed due to the pandemic. The C$...
Canada’s tourism spending drops by 66.3% in second quarter
September 30, 2020 11:04 PM AEST| By Team Kalkine MediaThe tourism spending dropped by C$ 7.0 billion due to the continued travel restrictions and social distancing measures in Canada, said Statistics Canada. The figures are more than four times higher than the first quarter dip of 14.3%. The...
Canada GDP up 3% in July
September 30, 2020 11:00 PM AEST| By Team Kalkine MediaCanada’s real gross domestic product (GDP) grew 3.0% in July, after 6.5% increase in June, said Statistics Canada. The figures are still about 6% below the pre-pandemic level in February. The national statistics agency expects an ap...
How are developing world economies preparing for COVID-19 vaccine deployment and testing?
September 30, 2020 07:07 PM AEST| By Team Kalkine MediaThe ongoing COVID-19 pandemic has affected nearly 33.25 million individuals, including ~1 million deaths, as reported to the WHO as of 5:08 PM CEST on 28 September 2020. Many healthcare companies are engaged in the development of vaccines, treatmen.....
TSX Composite slumps by 31 points
September 30, 2020 12:11 PM AEST| By Team Kalkine MediaNorth American markets declined on Tuesday in the wake of spiking Coronavirus infection cases that poses a threat on the global economic recovery. After three straight days of winning streak, Canada’s benchmark S&P/TSX Composite skidded ~31...
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