News

India’s Ambanis top the list of the richest families in Asia

g US$76 billion, following with the Kwok, Chearavanont, Hartono, and Lee families. Bloomberg posted the list of the wealthiest families in Asia i...

Energy Sector Pulls Up TSX, Up 0.19%

The broader index of the Canadian Stock market, the S&P/TSX Index, on Thursday pared some of the losses of the previous trading session, driven by...

How Bitbond and BVDH launched Euro stablecoin

One of the oldest Germany’s banks Bankhaus von der Heydt and blockchain technology provider Bitbond have successfully launched the first-ever Eu...

After Shopify’s (TSX:SHOP) Expansion, Amazon Takes On More Office Sp...

  E-commerce giant Amazon signed leases for 100,000 square feet in two buildings in downtown Toronto. The development comes months after ecom...

Canadian Home Prices To Decline By Up To 5% In 2021: Fitch

  Ratings agency Fitch said the decline in Canadian home prices will be because of low demands due to long periods of unemployment and afforda...

Clothing Retailer Roots (TSX: ROOT) Q3 Results Out

  Root Corporation’s third-quarter profit rose to $10.3 million as compared to $2 million a year ago. Overall sales went down to $72.9...

Whitecap Resources (TSX: WCP) Merges With TORC Oil & Gas (TSX: TOG)

  Whitecap is buying Calgary rival TORC Oil & Gas Ltd for $550-million in an all-stock deal, which is expected to close in late February....

US Shoots First Complaint Against Canada Under CUSMA Over Dairy Mark...

  The United States complained that its dairy producers are being unfairly shut out of “highly protected” Canadian markets. Canad...

Bank of Canada Maintains Policy Rate, Says ‘Choppy’ Growth Trajector...

The Bank of Canada (BoC) once again upheld its current policy rate and ongoing quantitative easing (QE) program. In an official briefing on Wednesday,...

Health Canada Approves Pfizer-BioNTech COVID Vaccine, First Shots Du...

Summary Health Canada has approved Pfizer Inc (NYSE: PFE, PFE:US) and BioNTech SE’s COVID-19 vaccine for public use in the country. Administ...

Why did Kelly Loeffler evade a question during Georgia debate?

icials informed of the upcoming pandemic. The DOJ had dismissed those allegations. Republican Senator Kelly Loeffler has come under spotlight aft...

In a first, Australia to make Facebook, Google pay for news content

On 8 December 2020, Australia unveiled its plans to make Facebook and Google to pay to the local media outlets for the news content. Australia has bec...

DoorDash (NYSE:DASH) makes a smashing debut, shares soar ~86% on day...

On 09 December 2020, DoorDash made is NYSE debut on New York Stock Exchange, and by the end of the trading session, the shares surged by 85.89%, settl...

US Government Sues Facebook, Seeks its Breakup  

The Federal Trade Commission (FTC) has sued Facebook on antitrust grounds. The investigation into the matter was conducted in coordination with the At...

S&P/TSX Composite Snaps Six-days of Consecutive Gains

The benchmark Canadian equity index traded lower after six consecutive days of surge. The index lost 79.14 points or 0.45% to settle at 17,559.86 on W...

DoorDash Debuts On Stock Market, Airbnb Right Behind

Summary Stocks of food delivery app DoorDash Inc debuted on the New York Stock Exchange on Wednesday, December 9. Airbnb shares are slated to hit...

11 Issuers Debut On TSX In November 2020, Total Listings 1643

Summary Eleven issuers debuted on the TSX and four on the TSXV in November 2020. A total number of 1,643 issuers are listed on the TSX while 1,900...

Federal & Quebec Govts To Invest In $875-Million Biofuel Plant

  The biofuel production plant, Varennes Carbon Recyling project, will be constructed in Quebec’s Varennes, southeast of Montreal. The...

Newmont (TSX:NGT) Announces 2021 & Long-Term Outlook

  Gold production is expected to touch 6.5 million ounces in 2021, between 6.2 and 6.7 million ounces by 2023 and between 6.5 and 7.0 million...

Tesla (TSLA:US) Unveils Sale Of $5b In Stock Offering

  Tesla Inc is seeking to raise another $5 billion in capital, its second such move in three months. The electric vehicle maker’s share...