News

Healthcare & Technology Stocks Drag TSX Composite Lower

Healthcare, technology and consumer non-cyclicals stocks dragged the S&P/TSX Composite Index marginally lower to 16,273.26 on Tuesday. The losses...

Algonquin Power (TSX:AQN) & Inter Pipeline (TSX:IPL): 2 Utilities St...

Summary To provide relief to struggling energy and utility companies, the Alberta government has announced a three-year tax break for the producers...

Strongest September on Record for Canadian Home Prices 

  Data posted by the Teranet-National Bank Composite House Price Index show home prices rose 1.1 per cent in Septembe...

US Justice Dept to Sue Google, Facebook, Apple & Amazon in Antitrust...

  The United States Justice Department is set to sue Google and three other tech titans -- Facebook Inc, Apple Inc, and Amazon...

PIMCO (TSX: PGI.UN) Raises Over C$ 368 Million From IPO   

  Pacific Investment Management Company LLC (PIMCO) announced the closing of its initial offering (IPO) on Tuesday, October 20,...

Air Transat (TSX:TRZ) Lays Off Over More Staff, Shuts Down Vancouver...

  Air Transat closed its Vancouver base as a stop gap measure and laid off some 128 flight attendants around mid-October. Post layoff, the ai...

SoftBank Collects C$20Bn from Shareholders for Its New Equities Trad...

  Renewing its commitment to the public equities trading arm, SoftBank has increased its equity position to more than C$20 billion, said media...

Brookfield (TSX:BAM) Likely to Sell its Life-sciences Real Estate Po...

  Brookfield Asset Management Inc intends to sell approximately 2.3 million square feet of life-sciences real estate, as per media reports. T...

How Will Failed International Tax Talks Impact Global Economy?

OECD, on 12 October 2020, stated that the global economy could witness a loss of 1% in total output if international tax talks do not take shape immed...

Bank Of Canada Survey Shows Business Sentiment Is Better But Still W...

Business sentiment has progressed in the light of COVID-19 restrictions being phased out, but remains weak in all provinces, said the Bank of Canada&r...

Royal Caribbean International Cancels Sailings Onboard Odyssey of th...

Travel has been one of the hardest-hit industries in the wake of coronavirus crisis. With lockdown and travel restrictions implemented every...

COVID Vaccine Update: Johnson & Johnson and AstraZeneca Vaccines Hit...

Not only unprecedented, the COVID-19 crisis also seems like a never-ending malaise. While the medical world seems to have no answer to the problem, pr...

What is QAnon?

2020 does not cease to surprise. With popular conspiracy theories such as 5G network causing the coronavirus or that Mr Bill Gates wants to chip the...

TSX Composite Index Extends Losses For Second Consecutive Day

  The broader equity gauge of Canada, TSX Composite Index, extended losses of the previous trading session to close 164.5 points or 1.0% lower a...

Bell (TSX:BCE) Extends Wireless Internet Services to Rural Atlantic...

  Bell Canada, a part of BCE Inc, plans to provide high-speed Wireless Home Internet (WHI) service to around 70,000 households by the end of 2...

Brookfield (TSX:BAM) Acquires 19.9% Stake in American Equity Life 

  With a 19.9 per cent stake, Brookfield Asset Management Inc has established itself a cornerstone investor and reinsurance counterparty of Am...

Cogeco (TSX:CGO) Rejects Altice USA’s Revised C$11.1 Bn Takeover bid

  The Audet family, Cogeco’s top investor, unanimously rejected Altice USA’s revised offer of C$11.1 billion to acquire the compan...

Regulus Resources (TSXV:REG) names Anna Tudela new Board of Director

  Emerging exploration company Regulus Resources Inc announced the appointment of Anna Tudela to its Board of Directors on Monday, October 19....

CPPIB now owns online luxury retailer Mytheresa

  Mytheresa, the luxury retailer, was earlier owned by Neiman Marcus. The Canada Pension Plan Investment Board (CPPIB) and investor Ares Mana...

Long road to recovery for COVID-hit small enterprises, says CFIB

  As per the Canadian Federation of Independent Business (CFIB), 72 per cent of businesses in the country have fully resumed operations. Near...