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News
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...
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. ...
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