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News
Canada's Employment Rose At Slower Rate in October, Earnings Up 6% YoY
December 23, 2020 03:33 AM AEDT| By Team Kalkine MediaAfter a surge of 2.2 per cent in September, Canada noted a 1.2 per cent month-over-month growth in its payroll employment in October, Statistics Canada said on Tuesday, December 22. The national data agency quoted the results from October&r.....
Canada Halts Sale Of TMAC Resources (TSX:TMR) To Chinese Firm On Security Grounds
December 23, 2020 12:14 AM AEDT| By Team Kalkine MediaCanadian government has put a stop to acquisition deal of TMAC Resources Inc. (TSX: TMR) by Chinese company Shandong Gold Mining Co on national security grounds. TMAC Resources, in an official statement, said that the Governor in Council h...
Apple, Velodyne Lidar & Tesla: Are Self-driving Car Stocks The New Fad?
December 22, 2020 10:00 PM AEDT| By Kunal SawhneySummary Apple Inc is reportedly planning to enter the autonomous vehicle industry by 2024 with a self-driving passenger car. Velodyne Lidar stocks jumped almost 21 per cent on Monday in the wake of the Apple news. If Apple is successful in lau.....
Top TSXV Performers of 2020
December 22, 2020 08:45 PM AEDT| By Hina ChowdharySummary An online healthcare company stock has swelled nearly 265 per cent since its listing in June this year. An electric vehicle (EV) manufacturer stock has returned over 1203 per cent in 2020, led by a clean energy push from the federal gov.....
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Ontario To Go Under Lockdown from Boxing Day: What Happens To Businesses?
December 22, 2020 07:50 PM AEDT| By Team Kalkine MediaAfter Canada wraps up Christmas celebrations, Ontario will be going under complete lockdown from Boxing Day (December 28) onwards in an attempt to pull the reigns on the rapid spread of COVID-19. The northern part of the province will reportedly re.....
Is Coronavirus Mutation Slower than Seasonal Influenza?
December 22, 2020 05:06 PM AEDT| By Kunal SawhneyUK officials have observed a new mutation of the coronavirus that is spreading rapidly and highlight that it is highly transmissible. Several countries across the globe are imposing lockdown and travel restriction to avoid the spread of the new, co.....
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Iron ore jolts another record high, is there more steam left in the rally?
December 22, 2020 04:37 PM AEDT| By Team Kalkine MediaIron ore prices are once again capturing the attention as the prices spike to another record high over supply concerns and robust demand from China. The commodity clinched RMB 1,194.00 per dry metric tonne on the Dalian Commodity Exchange (DCE) on 21...
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Allergic Reactions to Pfizer’s COVID-19 Vaccine Under FDA Scanner
December 22, 2020 02:48 PM AEDT| By Hina ChowdharyThe US Food and Drug Administration (FDA) has initiated an investigation into the allergic reactions caused by Pfizer-BioNTech COVID-19 vaccination. The probe comes after people in various US states reported allergic reactions to the vaccine. Im.....
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China Shudders as Aussie Coal Boycott Causes Power Shortage
December 22, 2020 02:19 PM AEDT| By Team Kalkine MediaPower outages, which were thought to be a thing of the past, have recently made a comeback, becoming the new normal in China. The residents of the Hunan and Zhejiang provinces have criticised the issue highly, with the Chinese social media platform.....
After UK, New COVID-19 Strain Found in Australia, the Netherlands, and Denmark
December 22, 2020 12:54 PM AEDT| By Kunal SawhneyJust as the world celebrated the launch of new COVID-19 vaccines, a new virus mutation detected which is highly contagious. The new strain initially detected in parts of the UK, was also found in a few other nations. With the emergence of th.....
As demand soars, Bitcoin’s price reaches an all-time high
December 22, 2020 11:52 AM AEDT| By Edita Ivancevicwarn that Bitcoin’s high volatility could also take a downturn at any time. Many financial experts had predicted Bitcoin would reach its all-time high worth by the end of this year. The cryptocurrency reached a whopping US$23,770.85 earl....
TSX Composite Slumps On Mutant Coronavirus Fears
December 22, 2020 09:20 AM AEDT| By Team Kalkine MediaThe benchmark equity index of the Canadian stock market, the S&P/TSX Composite, declined 0.19% or 33.74 points to 17,500.89 on Monday. During the early trading session, the index crashed as much as 1.3% to drop to an intraday low of 17,307.45. E...
Canadian Transportation Agency To Develop New Regulation For Airline Ticket Cancellations
December 22, 2020 03:44 AM AEDT| By Team Kalkine MediaTransport Minister Marc Garneau on Monday directed the Canadian Transportation Agency to develop new regulation that protects the interests of Canadians while travelling by air. The ongoing pandemic has highlighted the gaps in curr...
IMMUNOPRECISE ANTIBODIES (TSXV: IPA) Q2 FY21 Revenue Rises 50% YoY
December 22, 2020 03:43 AM AEDT| By Team Kalkine MediaThe biotech firm reported revenue of C$ 4.8 million in the second quarter of FY21 (ending October 31, 2020), a surge of 50 per cent from C$ 3.2 million in Q2 FY20. The healthcare company posted an adjusted EBITDA of nearly C$ 0.8 m...
Canopy Growth (TSX: WEED) To Increase Stake In TerrAscend, Dissolve Stake In Canopy Rivers (TSX: RIV)
December 22, 2020 03:42 AM AEDT| By Team Kalkine MediaCanopy Growth Corporation on Monday, December 21, announced that it is selling its stake in Canopy Rivers in exchange for a stake in TerrAscend and other cannabis assets. Canopy Growth announced that it has entered into an agreemen...
Pandemic Pulls Down Life Satisfaction Among Canadians To 17-Year-Low
December 22, 2020 03:21 AM AEDT| By Kunal SawhneySummary Canadians’ life satisfaction levels hit the lowest point during the pandemic between the 2003 to 2020 period. By June 2020, the average life satisfaction was at 6.71, down from 8.09 in 2018. Younger Canadians were more impacted b.....
Ontario To Enforce Complete Lockdown Down From Christmas Eve
December 22, 2020 01:53 AM AEDT| By Team Kalkine MediaAs the spread of COVID-19 continued across Canada, the Ontario government is now initiating a province-wide shut down, several media reports suggested. The Ontario government is prepared to declare a comprehensive lockdown of non-essential service.....
North American Markets Slump Over Mutant Coronavirus News
December 22, 2020 01:50 AM AEDT| By Hina ChowdharySummary The STOXX® Europe 600 index dwindled about three per cent on Monday. Futures on the S&P 500 Index declined by about three per cent in the early hours of the day, while the S&P 500 e-mini futures sank by 1.7 per cent. Future.....
What Is Dogecoin & Why Is Elon Musk Tweeting About It?
December 21, 2020 10:43 PM AEDT| By Kunal SawhneyMeme-inspired cryptocurrency Dogecoin, or ‘Doge’, soared in the markets after Tesla (TSLA: US or NASDAQ: TSLA) CEO Elon Musk gave it shout-out while lambasting the rising bitcoin in a series of tweets. The tweets came after crypto gian.....
Mutant Coronavirus Strains: What We Know & Impact On Financial Markets
December 21, 2020 10:38 PM AEDT| By Hina ChowdharySummary A new variant of the coronavirus has been spreading rapidly across the United Kingdom. Canada, Ireland, India, Belgium, Germany, France, Italy, the Netherlands, Austria, and Bulgaria have announced restrictions or halted flights from th.....
Canadian AI All-Stars: Unveiling the Top Stocks for 2025