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News
TSX loses 4.29 points in early Tuesday Trade
September 02, 2020 06:00 AM AEST| By Team Kalkine MediaToronto Stock Exchange reported marginal loss of 4.29 points in Tuesday’s early trade, hitting 16,510 at 9.46 am EDT. Financials and energy fell 0.5949% and 0.01257%, respectively, while metal & mining was up by 0.7867%. Telecom...
Post-COVID Growth Optimism Higher Among Canadian CEOs: Study
September 01, 2020 01:10 PM AEST| By Team Kalkine MediaKPMG study finds CEOs of Canada are more hopeful about the post-COVID future than their global counterparts. Total of 40% CEOs as confident as pre-pandemic times, as compared to just 26% of global CEOs. On three-year economic growth prosp...
Global Renewable Energy Investment To Touch $3.40 Trillion by 2030
September 01, 2020 01:06 PM AEST| By Team Kalkine MediaAnalysis by research firm Frost & Sullivan shows the $2.72 trillion will be invested in wind and solar projects alone in the next decade. In North America, energy service and performance will be worth $19.14 billion in 2030. Tradition...
TSX Index Trades Lower For Second Consecutive Day
September 01, 2020 01:00 PM AEST| By Team Kalkine MediaThe benchmark equity index of the Canadian stock market extended losses for the second consecutive day and traded 191.35 points or 1.14% to 16,514.44. Every constituent sector of the TSX Composite Index settled in red zone on Monday, reflecting that...
TSX Loses 66.68 Points In Early Trade
September 01, 2020 10:02 AM AEST| By Team Kalkine MediaToronto Stock Exchange reports a marginal loss of 66.68 points in Monday’s early trade, hitting 16,639 at 9.46 am EDT. Financials and energy plunged 0.5929% and 1.3071%, respectively, while metal & mining was down by 0.7959%. Te...
Does Air Canada Stocks Have A Better Future Than WestJet Airlines?
September 01, 2020 10:00 AM AEST| By Team Kalkine MediaSummary From wide travel restrictions to the deep plunge in demand for air travel, the impact of coronavirus on the travel industry has been unprecedented. Both Air Canada and WestJet burning through cash to survive this pandemic. As the econo.....
Canopy Growth Expands To Alberta With 10 Retail Stores
September 01, 2020 09:51 AM AEST| By Team Kalkine MediaThe pot firm first retail presence in Alberta will be under the Tokyo Smoke and Tweed banners. With this, the overall number of Tokyo Smoke and Tweed retail stores in Western Canada will touch 29. Canopy Growth’s total retail outlet...
CWB Financial Group Latest Quarter Financial Results Out
September 01, 2020 09:51 AM AEST| By Team Kalkine MediaCWB Financial Group (TSX: CWB) revenue grew to C$ 226.5 million in its third quarter 2020 (ending July 31), up four per cent year-on-year. Bad loans also went up by five per cent YoY at C$ 29.7 billion in Q3 2020. Quarterly dividend C$ 0....
Future of Canadian Housing Market: A Rebound On The Horizon?
August 30, 2020 02:54 AM AEST| By Team Kalkine MediaThe once-resilient housing market of Canada is undergoing a historical recession triggered by the COVID-19 pandemic, social distancing rules and the overall economic downturn. A cornerstone of Canada’s economic growth till the beginning of 20.....
TSX Index Settles Lower; Suncor Energy, Barrick Gold, Air Canada Most Traded
August 29, 2020 01:00 PM AEST| By Team Kalkine MediaThe S&P/TSX Composite Index, the leading equity index of the Toronto Stocks Exchange, ending at 16,705.79 on Friday, down by 25.70 points or 0.15% to 16,705.79. Consumer non-cyclical and utilities sector stocks dragged the index lower, down by 2....
Excessive use of hand sanitisers can be bad for health
August 29, 2020 04:15 AM AEST| By Team Kalkine MediaWe have heard a lot of times that excess of anything is bad and the same holds true for hand sanitisers. Hand sanitiser pumps, stations and wipes are present everywhere from grocery stores, shopping malls to churches, for curbing the spread of coro.....
Why did TikTok CEO Kevin Mayer Quit?
August 28, 2020 05:57 PM AEST| By Team Kalkine MediaSummary TikTok CEO Kevin Mayer resigned on Wednesday, days after Trump administration ordered parent company ByteDance to sell its US-based assets within 90 days, citing national security risk. Mayer joined TikTok in May and was expected to smo.....
TSX falls 0.35%; Air Canada, Baytex Energy & Suncor Energy most actively traded
August 28, 2020 01:00 PM AEST| By Team Kalkine MediaDragged by technology stocks, the S&P/TSX Composite index declined 58.48 points or 0.35% to 16,731.49 on Thursday. The technology index ended 1.18% lower. The most actively traded stocks were Air Canada (up 4.18% to CAD 17.19), Baytex Energy Corp...
5 Rising Stars on TSXV: Facedrive, BQE Water, PyroGenesis, Metalla & GreenPower
August 27, 2020 05:10 PM AEST| By Team Kalkine Media(Image credit: Pixabay) Summary The TSXV index has gained 23.67 per cent this year, higher than the TSX index that declined by 2.61 per cent in the same period. Rally in the junior Canadian market is being led by companies like Facedrive, BQE...
Closing Bell: Energy Gains Help TSX Rise
August 27, 2020 01:10 PM AEST| By Team Kalkine MediaCanada’s broader equity index bagged 172.49 points or 1.038% to touch 16,789.97 on Wednesday, August 26. Communication stocks stole the show, with the TSX information technology index gaining by 3.36%. TSX financial index followed next,...
UBS Follows Suit of Other Investment Banks in Downgrading UK’s GDP Forecast For 2020, Remain Firm for A Bounce Back in 2021
August 26, 2020 11:20 PM AEST| By Team Kalkine MediaThe data of British GDP published by the Office of National Statistics (ONS) earlier this month officially confirmed that the economy is now in recession. Registering a decline of 20.4 per cent, the shrinkage was sharper than most observers had exp.....
Enbridge, Suncor & Canadian Natural Resources: 3 trending high-income energy stocks on TSX
August 26, 2020 11:10 PM AEST| By Team Kalkine MediaThe COVID-19 pandemic has wreaked havoc in the energy industry, the third largest sector (by weightage) on the Toronto Stock Exchange (TSX). The TSX energy index touched historic lows in over two decades in March this year. The sector struggled wit.....
Walmart Canada & Canadian Tire: 2 Retail Stocks Investors Are Eyeing in 2020
August 26, 2020 03:55 PM AEST| By Team Kalkine Media(Image credit: Pixabay) Summary Canada’s retail sector has been battered by the pandemic as consumers maintain social distancing and avoid physical stores. As a result, several retail brands have announced closures or filed for bankruptc...
Base Metals And Utilities Stocks Pull Down TSX Index
August 26, 2020 01:11 PM AEST| By Team Kalkine MediaOn TSX: The broader benchmark index of the Toronto Stock Exchange, TSX Composite Index, ended the Tuesday’s session slightly lower at 16.617.48, down 9.16 points or 0.06%. Base metals and utilities stocks suffered on the broader exchange....
Are The Prospects Of A No-Deal Brexit Increasing?
August 25, 2020 11:11 PM AEST| By Team Kalkine MediaMichel Barnier, chief negotiator, European Union (EU) is a strong negotiant and has asked the EU states to be thick-skinned with Britain as the Brexit deadline is coming closer. During the seventh round of trade negotiations held between the two p.....
Canadian AI All-Stars: Unveiling the Top Stocks for 2024