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News
Before COVID Rattled Stock Markets, There Was 9/11
September 11, 2020 02:53 PM AEST| By Team Kalkine Mediafinancial resilience, while markets in European countries took longer to bounce back. Apart from the staggering levels of loss of lives and infrastructure, the 11 September 2001 terror attacks had a huge impac....
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Water Bottle Maker, Zhong Shanshan Is The New Chinese Billionaire
September 11, 2020 02:09 PM AEST| By Team Kalkine MediaTechnology is an ever-evolving space. With improving and ever-changing features, every time something or other new thing keeps coming. Consequently, we have multiple stories of founders creating fortunes through such businesses. For instance, Zoom.....
TSX Composite Slips 198 Points; Suncor Energy Most Active Stock
September 11, 2020 01:11 PM AEST| By Team Kalkine MediaIn the Thursday trading session, the TSX Composite Index ended 198.28 points or 1.21% lower to 16,185.32. Suncor Energy Inc., Canadian Natural Resources Limited, Enbridge Inc., and Manulife Financial Corporation were the most actively traded stocks d...
Husky Energy Inc Seeks Direct Government Investment in its C$ 2.2-billion West White Rose Project
September 11, 2020 11:32 AM AEST| By Team Kalkine MediaHusky Energy announced on Wednesday that the West White Rose project is being put on review due to a one-year delay in construction delay. The delay in construction, implemented in March, was brought on by the declining prices of oil amid...
House Starts in Canada Hit Record High, Highest Since 2007
September 11, 2020 11:31 AM AEST| By Team Kalkine MediaHouse starts, which reflects the number of new homes under construction, reached 262,396 units in August on an annualized basis, an increase of nearly 7 per cent from 245,425 units in July. The Canada Mortgage and Housing Corp said on Wedn...
Canadian Dollar Rebounds After Three-Week Low
September 11, 2020 11:30 AM AEST| By Team Kalkine MediaThe Canadian dollar strengthened against the US greenback on September 9, trading 0.6 per cent higher at 1.3153 to the dollar. This rebound occurred after oil prices and equity markets recently recovered some of its losses incurred during...
Bombardier & Ballard Power: 2 Industrials Stocks On Investors’ Radar
September 11, 2020 11:29 AM AEST| By Team Kalkine MediaBombardier (TSX: BBD) and Ballard Power Systems (TSX: BLDP) are two stocks that have piqued investors’ interest amid pandemic times. These two stocks, trading on the Toronto Stock Exchange (TSX), are from industrials segment, which has perfor.....
Stung by scandal, WE Charity winds down operations
September 11, 2020 09:12 AM AEST| By Team Kalkine MediaBrothers Craig and Marc Kielburger will step down from the organization they co-founded 25 years ago. WE Charity will sell off its assets to pay off debts and fund existing international programs. The organization was unable to weather CO...
Amazon to hire 2500 staff in Ontario
September 11, 2020 09:12 AM AEST| By Team Kalkine MediaThe ecommerce giant will hire for its two new fulfillment centers in Ontario. The warehouses are expected to be functional by 2021. Amazon has hired over 175,000 people in Canada between April and May. ...
Shopify and Constellation: Architects of TSX’s Tech-tonic Gains
September 11, 2020 09:00 AM AEST| By Kunal SawhneySummary The pandemic is transforming the global economy and technology has taken the center stage. Tech stocks emerged as the winners in the COVID-roiled markets of 2020. However, the stocks crashed in the first week of September, with the tec.....
What is Stellar?
September 11, 2020 04:31 AM AEST| By Edita IvancevicLaunched in 2015 by Ripple’s co-founder Jed McCaleb, Stellar is a decentralized network that offers sending, receiving, and trading money in any form of fiat or cryptocurrencies. DO READ: The Advent of Cryptocurrencies- Popular Cryptos in Fo.....
LVMH’s Acquisition of Tiffany Gets French Government’s Veto
September 10, 2020 11:22 PM AEST| By Team Kalkine MediaThe luxury jewellery and speciality retailer from the United States (US), Tiffany & Co. got a rude shock and took legal actions against LVMH, a French multinational company that specialises in luxury goods. The lawsuit followed the crucial deve.....
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TSX Settles In Green Territory After 3 Days Of Losses
September 10, 2020 01:00 PM AEST| By Team Kalkine MediaThe TSX Composite Index traded in green zone after three consecutive days of decline. The index added 284.08 points or 1.76% to 16,383.60. Every constituent sector of the TSX Composite index traded in green with basic materials, consumer non-...
Suncor Energy, Air Canada and Manulife: 3 Hot TSX Stocks Under C$ 20
September 10, 2020 01:00 PM AEST| By Kunal SawhneySummary Suncor Energy (TSX: SU), Air Canada (TSX: AC) and Manulife Financials (TSX: MFC) stocks are the most active stocks on the TSX currently Suncor stock’s high trade volumes followed after Warren Buffet’s Berkshire Hathaway acqu.....
InMed Pharmaceuticals Full Fiscal 2020 Financial Results Out
September 10, 2020 11:16 AM AEST| By Team Kalkine MediaThe clinical-stage pharmaceutical company recorded a net loss of C$ 11.9 million for the year ended June 30, 2020, as compared with a net loss of C$ 13.3 million same time last year. The company's cash, cash equivalents and short-term inve...
Fitch Lowers Long-Term WTI & Brent Oil Price Outlooks
September 10, 2020 11:15 AM AEST| By Team Kalkine MediaThe ratings agency cut West Texas Intermediate long-term price assumption from C$52 from C$50 a barrel. Brent crude oil prices lowered from US$55 per barrel to US$53 a barrel in long term base-case scenario. Fitch also lowered 2022 oil pr...
Uber Pledges All-Electric Zero-Emission Fleet by 2040
September 10, 2020 11:14 AM AEST| By Team Kalkine MediaUber will invest US$ 800 million to shift its drivers to electric vehicles through its Green Future program by 2025. The ride-hailing giant is already operating as zero-emission mobility platform in the US, Canada and Europe. The tech com...
Bank of Canada Leaves Key Interest Rate Unchanged, Predicts Faster Economic Rebound
September 10, 2020 05:00 AM AEST| By Team Kalkine MediaSummary The Bank of Canada had assured back in May that the policy interest rate will hold at 0.25 per cent until the economy heals from the COVID-19 impacts. Central bank governor Tiff Macklem is expected to hold a press conference on Thursday.....
Unifor Names Ford Motors as Lead in Detroit Three Labour Negotiation Talks
September 10, 2020 01:02 AM AEST| By Team Kalkine MediaUnifor, Canada’s general trade union, has announced Ford Motors and Co as the Detroit Three automaker to set up the pattern agreement for bargaining in 2020. Unifor National President Jerry Dias made the announcement on Facebook Live...
Aurora Cannabis Expects Writedown of up to C$ 1.8 billion in Q4
September 10, 2020 01:00 AM AEST| By Team Kalkine MediaIn a statement released on Tuesday, Aurora Cannabis said that it expects a writedown of goodwill and intangible assets, which could range between C$ 1.6 and C$ 1.8 billion, in its fourth quarter results. The company also expects a C$ 30 mi...
Canadian AI All-Stars: Unveiling the Top Stocks for 2024