Archives

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
Filter by categories:
Canadian Dollar Hits 6-Year High As Inflation Rises in US
Forex/Currency

Canadian Dollar Hits 6-Year High As Inflation Rises in US

Backed by rising oil prices, the Canadian dollar strengthened against the US greenback at 82.90 US cents early on Wednesday, May 13, touching its highest level since May 2015. The loonie’s strength was aided by a weaker US dollar, which has be...

Colonial Pipeline Cyberattack Pushes North America Into Oil Crisis
Oil & Gas Stocks

Colonial Pipeline Cyberattack Pushes North America Into Oil Crisis

Scenes of panic-triggered fuel-buying and hoarding has become quite rampant in some parts of Southeastern US following the cybersecurity attack on Colonial Pipeline last week. The US-based oil distributor announced on Friday, May 7, that due to a cy...

Updated: High Tide's (TSXV:HITI) Tsunami Sweeps Market, Up 1400%!
Cannabis Stocks

Updated: High Tide's (TSXV:HITI) Tsunami Sweeps Market, Up 1400%!

Stocks of Canadian pot company High Tide Inc (TSXV:HITI) skyrocketed by as much as 1,400 per cent after it announced 15:1 stock consolidation on Wednesday, May 12. The cannabis-focused drug retailer has consolidated 15 shares at C$ 0.60 apiece to on...

  • May 13, 2021 06:40 AM EDT
  • Anuj
How could the red-hot iron ore rally benefit investors?
Commodities

How could the red-hot iron ore rally benefit investors?

Summary Iron ore prices have registered a record rally in recent weeks, with prices surging to record high levels. A robust economic recovery in the US and China, coupled with generous stimulus packages, have fueled the rally. The price surge ...

Bears grip APAC markets on inflation woes
World News

Bears grip APAC markets on inflation woes

The bears seem to have gripped the Asia Pacific (APAC) markets for the second day on the trot, driven by the fears of rate hikes by the central banks. All the indices in the region, save the Taiwanese markets, were trading in red. The Taiwan Weigh...

Wright or Wrong? The Curious Case of The Self-Proclaimed Bitcoin Creator
Cryptocurrency

Wright or Wrong? The Curious Case of The Self-Proclaimed Bitcoin Creator

Summary Australian computer programmer and entrepreneur Dr Craig Wright has once again had a court case postponed to November. In one of several lawsuits Wright is currently involved in, he is being sued by the brother of his former business pa...

Bitcoin crashes as Tesla does a U-turn on the largest crypto
World News

Bitcoin crashes as Tesla does a U-turn on the largest crypto

The Palo Alto-headquartered electric vehicle maker Tesla Inc (NASDAQ: TSLA) will stop using Bitcoin as payment mode for car purchases, CEO Elon Musk has said in a tweet. The price of Bitcoin, has since crashed by 15.8% and is trading below the US$5...

COVID-19 continues to hammer India; global cases decline
World News

COVID-19 continues to hammer India; global cases decline

The spread of the COVID-19 pandemic in India continues to test the limits of the country’s healthcare system, even as the global situation has visibly improved. In last seven days, the fresh cases reported by India – the new epicentre ...

Amazon Dodges US$300 Million EU Tax Order
World News

Amazon Dodges US$300 Million EU Tax Order

Summary European judges noted that the European Commission failed to show proof of preferential treatment to Amazon by Luxembourg. European Commissioner for Competition Margrethe Vestager had filed the tax evasion case against Amazon. In 2020,...

US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008
World News

US Consumer Prices Rise By 4.2%, The Fastest Pace Since 2008

The US Consumer Price Index (CPI), a key gauge for changes in commodity and services prices, rose 4.2% in April, compared to the same period a year ago, as demand for various goods surged amid a significant improvement in the economy following the ...

TSX Trades In Red, BRP & Element Fleet Biggest Laggards
Market Updates

TSX Trades In Red, BRP & Element Fleet Biggest Laggards

Canada’s main stock index dipped on Wednesday, May 12, triggered by the anticipation around increased interest rates and bond yields in the wake of higher than consensus US inflation numbers. The US consumer prices surged 0.8 percent in April,...

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company
World News

SoftBank Posts US$46bn Annual Profit, Highest By A Japanese Company

Summary SoftBank's full-year net profit soared to 4.99 trillion yen or US$46 billion, the highest for any Japanese company to date. SoftBank's profit surpassed Microsoft's record annual net profit of US$44.28 billion for its fiscal year ended J...

Now Google Pay Users In US Can Send Money To India, Singapore
World News

Now Google Pay Users In US Can Send Money To India, Singapore

Summary It is Google’s first foray into the US$470 billion global remittance market. The payment can only be made between two individuals, and there is no fee for the service. Google Pay, earlier called Android Pay, currently has around ...

As Hydrogen Economy Gains Traction, 2 Stocks You Should Buy
Energy Stocks

As Hydrogen Economy Gains Traction, 2 Stocks You Should Buy

As Hydrogen Economy Gains Traction, 2 Stocks You Should Buy Amid rising concerns regarding climate change, countries around the world are trying to find new solutions to reduce their emission levels. In this regard, some studies point that hydrogen ...

TMX Group (TSX:X) Hikes Dividend By 10%, Q1 Profit Up 38%
Financial Stocks

TMX Group (TSX:X) Hikes Dividend By 10%, Q1 Profit Up 38%

  TMX Group Ltd (TSX:X) has hiked its dividend by 10 per cent for the second quarter of 2021 after posting robust first-quarter earnings stemming from substantial capital markets activity. The Toronto Stock Exchange (TSX) operator has improved...

  • May 12, 2021 01:33 PM EDT
  • Anuj
SunOpta (TSX:SOY) & Maple Leaf (TSX:MFI): 2 Vegan Stocks To Buy
Consumer Stocks

SunOpta (TSX:SOY) & Maple Leaf (TSX:MFI): 2 Vegan Stocks To Buy

Canadian companies SunOpta Inc (TSX:SOY) and Maple Leaf Foods Inc (TSX:MFI), which operate in the plant-based food industry, released their earnings report for the first quarter of 2021 on Wednesday, May 12.  Plant-based food and meat products ...

Crescent Energy (TSX:CPG) Posts C$21.7Mn Profit In Q1. Worth A Buy?
Oil & Gas Stocks

Crescent Energy (TSX:CPG) Posts C$21.7Mn Profit In Q1. Worth A Buy?

Summary Canadian oil and gas company Crescent Point Energy Corp (TSX:CPG) reported a profit of C$ 21.7 million for Q1 2021 on Wednesday, May 12. Following the release of its latest financials ahead of opening bell, CPG stocks shot up by five pe...

Empower (CBDT) Stocks Zoom After COVID Testing Pact With Major Airline
Healthcare Stocks

Empower (CBDT) Stocks Zoom After COVID Testing Pact With Major Airline

Summary Empower Clinics Inc (CSE:CBDT, EPWCF:US) announced on Tuesday, May 12, that it has signed a COVID-19 testing referral agreement with a major Canadian airline. The airline is expected to refer its flyers to Empower Clinics’ subsidi...

  • May 12, 2021 11:46 AM EDT
  • Anuj
Roblox (RBLX) & FuboTV (FUBO): 2 Communication Stocks To Buy
Communication Stocks

Roblox (RBLX) & FuboTV (FUBO): 2 Communication Stocks To Buy

The communications sector covers a broad range of enterprises, including internet service providers, major content and movie producers, over-the-top (OTT) platforms, online game creators, etc. Amid the COVID-19 outbreak over the past year, the sector...

  • May 12, 2021 10:12 AM EDT
  • Anuj
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK