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News
Wealthsimple To Launch Canada’s First Regulated Crypto Platform
September 27, 2020 02:06 PM AEST| By Team Kalkine MediaInvestment management firm Wealthsimple has announced the launch of its cryptocurrency exchange, Wealthsimple Crypto. People will be able to purchase and sell bitcoin and ethereum in Canadian dollars on their phones via Wealthsimple Crypto, the co.....
Former Finance Minister Bill Morneau Nominated For OECD Post
September 27, 2020 02:06 PM AEST| By Team Kalkine MediaThe Canadian government officially nominated former finance minister Bill Morneau as the Secretary-General of Organisation for Economic Co-operation and Development (OECD) on Friday, September 25. OECD Secretary-General Angel Gurria had announced .....
WestJet Airlines May Cut Employees’ Pay By Half Following Wage Subsidy Changes
September 27, 2020 02:06 PM AEST| By Team Kalkine MediaThe employees, who receive government wage subsidies, could face a pay cut of up to 53 per cent starting September 27, the airlines informed. This comes in the light of the Canadian government’s decision to revamp the federal wage subsidy. .....
Tourmaline Oil Corp’s Topaz Energy Gears Up For C$ 252 Million IPO
September 27, 2020 02:05 PM AEST| By Team Kalkine MediaCalgary-based energy company Topaz Energy Corp plans to raise around C$ 252.5 dollar in an initial public offering (IPO) in October this year. Topaz Energy is a part of Canadian natural gas producer Tourmaline Oil Corp. It plans to raise about C$.....
Wall Street Raises Target Price on Amazon, Why So Bullish?
September 27, 2020 08:00 AM AEST| By Team Kalkine MediaGlobally, COVID-19 market mayhem brought the economy to a standstill. The shut doors of numerous entities and educational institutions, however, led to an unprecedented demand for technology. Burgeoning demand for cloud computing and digital servi.....
The US Fed Bats for Further Stimulus, Market Losing Hope?
September 27, 2020 08:00 AM AEST| By Team Kalkine MediaThe ongoing Global Virus Crisis (GVC) has hit world economy hard, with many businesses shattered, bleak employment scenario amid increasing layoffs and pay cuts, and growing infection cases and deaths. Undoubtedly, this is a period of enormous unce.....
How Will Smartphones Look Like In 2030?
September 27, 2020 12:15 AM AEST| By Ipsita SarkarMoore’s Law predicts that the speed and performance of a circuit will double every two years. And this continues to shape the trajectory of technology. The law has become a golden rule for pretty much all things digital, including those littl.....
How Is Wall Street Poised Ahead of Presidential Elections & Mixed Economic Signs?
September 26, 2020 05:07 PM AEST| By Team Kalkine MediaSome experts argue that the share market is an economic and not a political barometer. Given interlinkages between economics and equity space, the micro and macroeconomic indicators continue to drive the American share market. However, there is no .....
MediPharm Labs expands footprint to Denmark with DanCann Pharma
September 26, 2020 04:11 PM AEST| By Team Kalkine MediaThe company (TSX: LABS) has entered a “white-label supply agreement” with DanCann Pharma A/S to export its products to Denmark. MediPharm Labs aims to expand its revenue the emerging medicinal cannabis market. Medical cannabis firm Da.....
Thornhill Medical ranked among Canada's Top Growing Companies
September 26, 2020 04:10 PM AEST| By Team Kalkine MediaThe medical technology innovation company was at number 62 on the business ranking list of Canada's Top Growing Companies in 2020 (by The Globe and Mail). The company recorded revenue growth of over 829 per cent between 2017 to 2019. Thornhill Me.....
Total SE to halt production in Paris oil refinery, replace with renewable fuel plant
September 26, 2020 04:10 PM AEST| By Team Kalkine MediaThe French energy giant will stop oil production in the Grandpuits facility near Paris. The company will spend over US$ 582 million by 2024 to replace it with alternate fuel and bioplastic plants. The crude oil refining will stop in March while s.....
TMX Group to acquire Canada-based AST Trust Company
September 26, 2020 04:09 PM AEST| By Team Kalkine MediaTMX Group Limited (TSX:X) will acquire transfer agency AST Investor Services Inc and its subsidiary AST Trust Company for C$ 165 million, including C$30 million cash. The deal will close between six to 12 months. AST Investor Services is currentl.....
WeedMD signs term sheet for $30 million-credit facility with LiUNA Pension Fund
September 26, 2020 04:08 PM AEST| By Team Kalkine MediaThe $30 million credit facility will mature in August 2022, said WeedMD Inc (TSX-V:WMD). It will be used to fund capital expenses, corporate requirements and drive commercial initiatives. The credit facility interest rate has been set at 15 per.....
Technology & Utilities Push TSX Composite Higher
September 26, 2020 01:11 PM AEST| By Team Kalkine MediaS&P/TSX Composite, the broad Canadian equity Index, settled higher for the second consecutive day (September 25), bagging ~153 points or 0.96% to 16,065.35. Technology and utilities stocks stole the show. At the closing, TSX featured a dividend y...
Why are Just Energy (TSX:JE) and Sunworks (SUNW:US) Stocks Trending on TSX?
September 25, 2020 09:27 PM AEST| By Team Kalkine MediaJust Energy Group (TSX:JE) emerged as the biggest market mover on the Toronto Stock Exchange in volume parameters on Thursday. The stocks jumped over 114 per cent during intraday trading. American firm Sunworks (SUNW:US or NASDAQ: SUNW) also trende.....
How much does YouTube pay the Creators?
September 25, 2020 04:47 PM AEST| By Edita IvancevicYouTube started as an online video service, serving for the sole purpose of fun. It was exciting to wait for music videos to come out, probably without realising how big a business YouTube will become a few years later. Some of the people that sta.....
What Are PM Trudeau’s Plans For Canadian Economy Amid Looming Second COVID Wave?
September 25, 2020 04:11 PM AEST| By Team Kalkine MediaLast month, Prime Minister Justin Trudeau had suspended the Parliament with the promise of returning with an ambitious legislative plan to battle the pandemic and revive Canada’s economy. On Wednesday, September 23, he finally laid out his pl.....
Bombardier and Blackberry: 2 Trending Stocks on TSX under C$7
September 25, 2020 01:10 PM AEST| By Team Kalkine MediaThe coronavirus pandemic-led market crash has upended the stock markets. Nearly seven months after the pandemic struck, companies are still trying to get back on their feet. While some sectors – especially gold and tech stocks – managed.....
Materials and Real Estate Sectors Pull TSX Composite Higher
September 25, 2020 12:10 PM AEST| By Team Kalkine MediaThe broader equity index of the Canadian market, TSX Composite, offset some of the losses it accumulated in Thursday’s (September 24) trading session and settled ~ 95 points or 0.60% higher at 15,912.26. The gain was due to increase in the mate...
EW Scripps to acquire ION Media in US$ 2.65 billion-deal backed by Warren Buffett
September 24, 2020 11:55 PM AEST| By Team Kalkine MediaMedia group EW Scripps will buy ION Media in US$ 2.65 billion-deal backed by Warren Buffett’s Berkshire Hathaway Inc. As per reports, Berkshire will make a US$ 600 million preferred-equity investment in Scripps to finance the purchas...
Canadian AI All-Stars: Unveiling the Top Stocks for 2025