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News
Nuvei Files for IPO in Canada to raise $500-600
September 03, 2020 06:00 AM AEST| By Team Kalkine MediaThe company, which was valued at $2 billion in December 2019, is yet to reveal the IPO price. Nuvei reportedly plans to get listed on the Toronto Stock Exchange as ‘NVUI’ ...
Suncor Energy & TELUS: 2 Dividend-Paying Bluechip Stocks On TSX
September 03, 2020 05:00 AM AEST| By Team Kalkine MediaStocks of Suncor Energy Inc. (TSX: SU) and TELUS Corporation (TSX: T) are on a tear these days. Investors have turned bullish on these two dividend-paying large cap companies, resulting in heavy trading volumes in the month of August. Ther.....
COVID causes Canada's economy to contract by 38.7% in Q2, worst since 1961
September 03, 2020 04:26 AM AEST| By Team Kalkine MediaBeaten by the loss of business due to COVID-19, Canada’s real gross domestic product (GDP) saw a record dip at an annualized rate of 38.7 per cent in the second quarter of 2020. This is the sharpest dip the Canadian economy has witnessed sinc.....
Market Update: TSX Index Moves Back to Green Zone
September 02, 2020 01:11 PM AEST| By Team Kalkine MediaS&P/TSX Composite Index, the leading equity gauge of the Toronto Stock Exchange, traded in the green zone on Tuesday. It added 130.55 points or 0.79% after three consecutive days of losses and closed the session at 16,644.99. Technology and...
Amazon’s ‘Prime Air’ Gets Approval For Drone Fleet to Deliver Packages
September 02, 2020 10:55 AM AEST| By Team Kalkine MediaUS’ Federal Aviation Administration approved the Amazon’s drone fleet to deliver packages in US. The e-commerce giant has testing sites in US, Canada, UK, Australia and other nations. Alphabet’s Wing and United Parcel Se...
Canada To Buy 100 Million COVID-19 Vaccine Doses From Novavax And J&J
September 02, 2020 10:54 AM AEST| By Team Kalkine MediaSeventy-six million doses of NVX-CoV2373 will be brought from Novavax and 38 million doses of Ad26.COV2.S from Johnson & Johnson, said Prime Minister Justin Trudeau. Canada also has Covid-19 vaccine procurement deals with Pfizer Inc an...
Warren Buffett's Berkshire Hathaway Bets Big in Japan
September 02, 2020 10:54 AM AEST| By Team Kalkine MediaBerkshire Hathaway said it has acquired 5% stakes in five Japanese trading houses – Mitsubishi Corp., Itochu Corp., Marubeni Corp, Mitsui & Co. and Sumitomo Corp. The group called it a long-term investment and added that it may i...
COVID causes British Columbia to run C$ 321-million deficit
September 02, 2020 10:53 AM AEST| By Team Kalkine MediaThe pandemic caused the province to rack up a massive deficit against a projected surplus of C$ 274 million for 2019-20. The 2020-21 budget numbers project C$ 12.5 billion deficit for British Columbia. The province is expected to witness...
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.....
Canadian AI All-Stars: Unveiling the Top Stocks for 2024