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News
How Did Canada's Manufacturing Sector Do In September?
November 18, 2020 09:34 PM AEDT| By Hina ChowdharyFollowing a decline of 1.4 per cent in August this year, manufacturing sales climbed 1.5 per cent to a value of C$ 53.8 billion in September, reported Canadian data agency Statistic Canada. The increase in sales, the agency noted, was seen.....
Here’s why Airbnb is making a splash
November 18, 2020 07:53 PM AEDT| By Kunal SawhneyAirbnb is once again stealing the thunder as it is ready to make its debut on the US public markets. The San Francisco-based rental online marketplace is gearing up for the year’s one of the most anticipated Initial Public Offerings (IPO). T.....
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Amazon forays into the pharmacy industry with Prime
November 18, 2020 04:23 PM AEDT| By Kunal SawhneyNow Amazon.com will deliver prescriptions at your doorstep. Amazon Pharmacy is a new store on the Amazon website, allowing customers to purchase medication online through the desktop website or Amazon application. This move by the e-commerce giant.....
Virgin Australia takes a new route as Bain Capital takes over
November 18, 2020 02:34 PM AEDT| By Hina ChowdharyVirgin Australia Holdings Limited (ASX:VAH) has finally got a new owner after the completion of A$3.5 billion sale to Bain Capital, the US private equity group. All Virgin's shares have been transferred to Bain Capital and the company is delis.....
Ransomware Attacks on the rise in APAC Region, Businesses forced to pay up
November 18, 2020 02:26 PM AEDT| By Kunal SawhneyRansomware, a malicious software that can infect your system, typically displays several messages demanding a specific fee to ensure your system starts functioning properly again. This malware category is an illegal moneymaking scheme that enters t.....
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Warren Buffett sours on banks, trims tech and laps up pharma stocks
November 18, 2020 01:51 PM AEDT| By Kunal SawhneyBerkshire Hathaway’s third-quarter filing is out. This time Warren Buffet has given food for thought to his followers, especially with regards to banks. The latest filing details a slew of changes made by the conglomerate in the third .....
TSX Up For Third Straight Day; Trillium Therapeutics & Lightspeed Top Gainers
November 18, 2020 04:50 AM AEDT| By Team Kalkine MediaThe leading index of the Toronto Stock Exchange, S&P/TSX Composite Index traded approximately 58 points or 0.34% higher at 16,948.06 on Tuesday. The index closed above its crucial long-term, short-term and immediate support level of 200-day, 100-...
Medexus Pharmaceuticals (CVE: MDP) Notes YoY Revenue Increase In Q2 FY21
November 18, 2020 03:41 AM AEDT| By Team Kalkine MediaMedexus Pharmaceuticals reported a revenue of C$ 23.6 million in the fiscal 2021 second quarter ending 30 September 2020, up from C$ 16.4 million in the same period last year. Its gross profit stood at C$ 12.8 million in the Q2 FY2...
Canada Employment Insurance Survey Data Helps Understand COVID, CERB & EI Programs’ Impact: StatCan
November 18, 2020 03:41 AM AEDT| By Team Kalkine MediaNew data derived from Statistics Canada’s 2019 Employment Insurance Coverage Survey (EICS) has been used as a baseline to measure the impact of the coronavirus pandemic on Canadian workers in 2020. Of the 1.1 million Canadian...
BoC & OSFI Launch Pilot Project To Study Low-Carbon Economy Risks
November 18, 2020 03:40 AM AEDT| By Team Kalkine MediaThe Bank of Canada, in collaboration with the Office of the Superintendent of Financial Institutions (OSFI), will be working with a group of financial institutions on the project. The project aims at researching scenarios of reducing green...
Amazon (AMZN:US) Launches Online Pharmacy in US
November 18, 2020 03:40 AM AEDT| By Team Kalkine MediaThe e-commerce giant launched its online pharmacy in the United States on Tuesday, November 17. Amazon Inc said that it will be selling commonly prescribed medications, which customers can access after setting up a profile and providing wi...
Neptune Wellness Solutions (TSX:NEPT) Sees 340% YoY Revenue Surge in Q2 FY21
November 18, 2020 03:39 AM AEDT| By Team Kalkine MediaNeptune Wellness reported total revenues of C$28.6 million in the second quarter of fiscal 2021, a 155 per cent quarter-over-quarter and a 340 per cent year-over-year increase. The company reported a loss of C$ 4.5 million in Q2 FY21. Nep...
Asia Pacific countries form the world’s largest trade alliance
November 17, 2020 08:47 PM AEDT| By Kunal SawhneyFifteen countries in the Asia-Pacific region have joined hands in the largest free-trade bloc ever witnessed in history. This comes after 8 years of negotiation and deliberation. The member countries include 10 ASEAN members: Brunei-Darussalam, Cam.....
Moderna’s COVID-19 vaccine impresses, demonstrates 94.5% efficacy
November 17, 2020 01:41 PM AEDT| By Team Kalkine MediaUS biotech firm Moderna Inc (NASDAQ:MRNA) on 16 November 2020 announced that its experimental vaccine against COVID-19, mRNA-1273 was 94.5% effective, marking a significant breakthrough in the quest to end the ongoing pandemic. The interim data fro.....
Can Alberta Be Canada’s Dream Hydrogen Energy Hub?
November 17, 2020 12:03 PM AEDT| By Team Kalkine MediaRenewable power is the next big thing in the agenda for many major economies around the world, including Canada. According to the Natural Resources Canada (NRCan), the country currently gets around 16 per cent of its major energy supply fro.....
TSX Extends Gains for Second Consecutive Day, Up ~1.3%
November 17, 2020 04:55 AM AEDT| By Team Kalkine MediaThe leading index of the Toronto Stock Exchange, S&P/TSX Composite Index, gained 214.17 points or 1.28% to close at 16,889.81 on the back of Moderna's vaccine announcement on Monday. The index closed above crucial long-term, short-term and immedi...
Canada’s Industrial Product Price Index Grew 1% YoY in October: StatCan
November 17, 2020 01:34 AM AEDT| By Team Kalkine MediaStatistics Canada reported that October’s Industrial Product Price Index (IPPI) remained unchanged on a month-over-month (MoM) basis. Without energy and petroleum products, the IPPI soared 4.7 per cent year-over-year (YoY). Prices o...
Moderna (MRNA:US) Claims Its COVID-19 Vaccine To Be 94.5% Effective
November 17, 2020 01:34 AM AEDT| By Team Kalkine MediaModerna’s stocks surged following the announcement of the results of its ongoing third phase study. Last week, Pfizer-BioNTech announced that their COVID-19 vaccine showed 90 per cent efficacy in the third phase of study. Mo...
74% Businesses To Retain Current Staff Over Next 3 Months: StatsCan
November 17, 2020 01:33 AM AEDT| By Team Kalkine MediaNearly two-fifths (36.5 per cent) of all businesses have laid off employees since the start of the coronavirus pandemic, said the Canadian Survey on Business Conditions conducted by Statistics Canada between mid-September to late Oc...
Huawei CFO’ Witness Cross-examination To Resume In Extradition Case
November 17, 2020 01:33 AM AEDT| By Team Kalkine MediaMs Meng’s witness testimony in the US extradition case is set to resume on Monday, November 16. Canadian police had arrested the Huawei chief financial officer at the Vancouver International Airport in December 2018 on a warrant from...
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