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Canada's IPO Market ‘Struggled’ Despite 2020 Debut Rush
January 10, 2021 04:03 PM AEDT| By Kunal SawhneySummary Canada recorded a total of 77 initial public offerings (IPO) last year, registering a drop of 29 per cent year-over-year, reports CPE Analytics. The total amount raised from the IPOs surged by 116 per cent YoY. A recent study showed th.....
The Evolving Auto Industry & Its Way Forward
January 09, 2021 10:34 PM AEDT| By Hina ChowdharyThe auto industry has been undergoing a massive transformation over the last decade. On one hand, new electric vehicle (EV) players disrupted the market, and on the other hand, the auto assembly chain and inventory sector suffered losses due to the C...
LMFA Stock Up 177% After Subsidiary SPAC Files For US$75M IPO
January 09, 2021 10:28 PM AEDT| By Kunal SawhneySummary Stocks of LM Funding America (NASDAQ:LMFA, LMFA:US) shot up by over 177 per cent on Friday. The surge came following the news of its indirect subsidiary LMF Acquisition Opportunities is going public. LMF Acquisition Opportunities, a bl.....
TSX Ends Above 18,000 For First The Time; Cannabis & Consumer Stocks Soar
January 08, 2021 11:24 PM AEDT| By Hina ChowdharySummary The TSX index climbed by 1.12 per cent to 18,027.57 at close on January 7. With the Biden administration set to take over the White House by this month end, cannabis stocks are recording quite a boost. The S&P/TSX Capped Consumer D.....
TSX Trading Volume Up 37% To C$ 198 Billion In 2020
January 08, 2021 08:41 PM AEDT| By Team Kalkine MediaThe share trading volume across platforms owned by the TMX Group increased by a nearly 42 per cent in 2020, the company said in its latest trading statistics report. It also recorded almost 34 per cent boost in its value for the year. The To...
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Air Canada (TSX:AC) & WestJet Stocks Fall As Canada Tightens Travel Rules
January 07, 2021 10:07 PM AEDT| By Team Kalkine MediaSummary Stocks of Canadian airlines traded in the red on Wednesday on the back of new travel restrictions. WestJet airline is set to sell four cargo flights this year. Its parent company’s stocks have decreased by 15 per cent in one year......
SPAC Northern Genesis Stocks Up 16% As Amazon Seals Deal With Lion Electric
January 07, 2021 07:25 PM AEDT| By Team Kalkine MediaStocks of special purpose acquisition company (SPAC) Northern Genesis Acquisition Corp (NYSE:NGA, NGA:US) have been rallying for a while now in the wake of the latest SEC filing released by Lion Electric Co last week (December 31). The big news in t...
TSX Reclaims 17900 points, Hovers Near All-Time High
January 07, 2021 07:23 PM AEDT| By Team Kalkine MediaSummary The main Canadian stock exchange index flirted with previous peak of 17970.51 attained in February 2020. The index rose on the back of cannabis and renewable energy stocks that held high on hopes of Democrat-controlled Senate in the Uni.....
Hootsuite Acquires SaaS Platform Sparkcentral, Eyes 25% Growth Before Public Debut
January 07, 2021 03:52 AM AEDT| By Hina ChowdharySubscription-based social media management company Hootsuite has acquired Sparkcentral, a software as a service (SaaS) firm. The arrangement of the deal has not yet been made public. Hootsuite management expects consistent growth before it goes publ...
Aussie Crypto Payments Processor Banxa Holdings Debuts On TSXV
January 07, 2021 01:52 AM AEDT| By Hina ChowdharyCryptocurrency exchanges operator Banxa Holdings Inc (TSXV:BNXA) is all set to be one of the newest members of the Toronto Stock Exchange Venture family. Stocks of this Australian company began trading on the TSXV platform on Wednesday, January 6, .....
Exploring Top 5 Canadian Dividend Stocks For 2021!
January 07, 2021 12:11 AM AEDT| By Kunal SawhneyIn the wake of the COVID-19 pandemic, year 2020 saw investors rush towards dividend-paying stocks in an effort to make up for some of the losses inflicted by the market crash. While companies have the liberty to snip or reduce their dividends at any...
Peck (NASDAQ:PECK) Stocks Soar 70% After Revealing Plans To Buy iSun Energy
January 07, 2021 12:04 AM AEDT| By Team Kalkine MediaThe Peck Company Holdings Inc (NASDAQ: PECK, PECK:US) saw its stocks soar by over 70 per cent on Tuesday, January 5, after it announced its plans to purchase electric vehicle hub provider iSun Energy in an all-stock transaction. ©Kalkine Gr.....
Agnico Eagle (TSX:AEM) To Takeover TMAC Resources In C$286.6Ml-Deal
January 06, 2021 02:02 AM AEDT| By Kunal SawhneySummary Agnico Eagle set to buy TMAC for C$ 2.20 per stock, compared to Shandong’s C$ 1.75 per unit deal. TMAC’s majority stockholders,Shandong and Newmont Corp have also provided their backing to this acquisiti.....
Canopy, Aphria, Aurora: Pot Stocks Rally Ahead of Joe Biden's Swearing-in
January 06, 2021 01:14 AM AEDT| By Kunal SawhneySummary Canadian investors are eager to find out how the new leadership in the US will impact the stock markets. Canopy Growth stocks shot up nearly seven per cent on Monday, riding the pot rally on Monday. Trending stocks of Aphria climbed ne.....
Check-Cap (NASDAQ:CHEK) & QuantumScape: 2 Stocks On Investors’ Radar
January 05, 2021 10:20 PM AEDT| By Team Kalkine MediaSummary Units of Check-Cap rocketed over 215 per cent on January 4. The stock has a 10-day trading volume of 40.42 million units. Stocks of Check-Cap have soared as much as 291 per cent in the last one month. QuantumScape’s units plunged.....
Gold Hits 2-Month High As Dollar Slackens, Bitcoin Rally Loses Steam By 3%
January 05, 2021 10:16 PM AEDT| By Team Kalkine MediaSummary Gold touched its highest point in about two months on Monday, January 4, crossing the US$ 1,946 an ounce mark. Monday’s advance was reportedly the biggest yearly jump gold saw in the last 10 years. Bitcoin Canadian Dollar (BTC/CA.....
OpenText (TSX:OTEX) & Constellation (TSX:CSU): 2 Trending Tech Stocks
January 05, 2021 08:31 PM AEDT| By Hina ChowdharySummary Stocks of OpenText Corporation jumped about 17 per cent in November and were trading flat in December. OpenText pays a quarterly dividend US$ 0.201, which currently has an yield of 1.823 per cent. Constellation Software shares recorded.....
Top Canadian CEOs Earn More By Jan 4 Noon Than Average Workers Did In A Year
January 05, 2021 03:15 AM AEDT| By Kunal SawhneySummary What COVID? Top 100 Canadian CEOs made C$ 53,482 – the average Canadian’s salary – by 11:17 a.m. on January 4, the first working day of the year, reports the Canadian Centre for Policy Alternatives (CCPA). Interestingl.....
5 Upcoming IPOs To Watch Out In 2021
January 05, 2021 12:02 AM AEDT| By Hina ChowdharySummary North American markets are set to witness a fresh host of companies going public in 2021. The top estimated IPOs include Robinhood, Roblox Corporation, Coinbase, Bumble, etc. Year 2020 saw major public listings in North America, includ.....
Stock Market Trends 2021: Spotting the Next Hot Sectors
January 04, 2021 10:52 PM AEDT| By Kunal SawhneyDespite the world’s fascination with the crystal ball, the future cannot be predicted. As the year 2020 proved, no one could foresee the massive havoc brought on by the unexpected coronavirus pandemic, much less predict the unceremonious downtu...
