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News
TikTok’s US operations to go Oracle way as Microsoft bid fails
September 15, 2020 02:18 PM AEST| By Team Kalkine MediaThe week commenced on a good note for Oracle Corporation, ahead of the 20 September 2020 deadline for the deal to be closed by ByteDance. The Trump administration had threatened to ban TikTok by 20 September 2020 following the issuance of the exec.....
Industrials rally as TSX Extends Gain on Monday
September 15, 2020 01:11 PM AEST| By Team Kalkine MediaBuoyed by the news of COVID vaccines and multimillion-dollar deals, the S&P/TSX Composite Index Monday added 137.68 points or 0.85% and closed at 16,360.14. Industrials stocks were the biggest gainers. The key Canadian index traded above its imm...
Major milestone: C$ 32 billion inflow into Canadian ETF industry
September 15, 2020 10:05 AM AEST| By Team Kalkine MediaOver C$ 32 billion flowed in the first eight months of 2020. The figure is higher than the historic annual inflow of C$ 28B in 2019. More than 700 ETFs are listed on the Toronto Stock Exchange. ...
Canada touches zero COVID death, markets upbeat
September 15, 2020 10:05 AM AEST| By Team Kalkine MediaFor the first time in six months, no new COVID-related death was reported in the country, said the health ministry. Markets are expected to react positively to this news. The country is slowly easing COVID-related restrictions. Total dea...
Amazon Set To Hire 100,000 Employees Across Canada and US
September 15, 2020 07:58 AM AEST| By Team Kalkine MediaAmazon has announced that this will be an addition to the 33,000 tech and corporate employees it already has. The tech giant said in a statement that it has plans of opening 100 new operations buildings in September. Amazon has been recru...
Canada Unlikely to Compensate Telecoms For Removing Huawei From 5G Network
September 15, 2020 07:54 AM AEST| By Team Kalkine MediaCanada has been mulling over allowing smartphone maker Huawei into its 5G network, as per media reports. Telecom operators in the country are said to have demanded a compensation from the government if they are forced to remove Huawei gear...
Canada to Impose ‘Dollar-for-Dollar’ Retaliatory Tariffs on US Products
September 15, 2020 07:50 AM AEST| By Team Kalkine MediaThe Canadian government plans to announce a series of counter-tariffs on US aluminum imports next week. This step comes in retaliation of US President Donald Trump levying a 10 per cent tariff on Canada's aluminum exports to the US. Earli...
Suncor, Air Canada and Aurora Cannabis: 3 Hot Trending Stocks Under C$ 20
September 15, 2020 07:20 AM AEST| By Team Kalkine MediaSummary Suncor Energy, Air Canada and Aurora Cannabis are three of the top trending stocks on the Toronto Stock Exchange this week. While Suncor saw a bump in its demand after Warren Buffet’s investment in August, Air Canada’s st...
SoftBank sheds assets, is it getting ready to go private?
September 14, 2020 08:44 PM AEST| By Team Kalkine MediaSoftBank Group Corp. (TYO:9984) share price surged 8.96% to settle the day at $6,385 on 14 September after the Company announced that it entered into an agreement to sell British chip designer Arm Holdings to Nvidia Corporation, ending SoftBank&rsq.....
China’s Exports Show Striking Growth Momentum While Imports Topple Amid Escalated Tensions
September 14, 2020 02:34 PM AEST| By Team Kalkine MediaChina’s hegemonic appetite serving as a major factor seems to have exacerbated the bitterness of its relationship with several nations. Despite its growing tensions with several economies, China’s trade scenario seems to ride out the st.....
Canopy Growth Partners With Martha Stewart to Launch New Line of Cannabis Products
September 13, 2020 02:02 AM AEST| By Team Kalkine MediaCanadian cannabis manufacturer Canopy Growth will be working with chef Martha Stewart on a line of CBD supplements inspired by Stewart’s famous recipes. Canopy announced that the line, named Martha Stewart CBD, will consist of &ldquo...
Canadian Tech Company Lightspeed Debuts at NYSE
September 13, 2020 02:00 AM AEST| By Team Kalkine MediaStocks of Lightspeed POS Inc (TSX: LSPD) started trading at the New York Stock Exchange on Friday (September 12). The Montreal-based omnichannel software provider had filed an initial public offering (IPO) of 11.65 million shares on T...
Wall Street Blue-Chip Citigroup Appoints New CEO Jane Fraser; A Water Break Moment for Women Leadership?
September 13, 2020 12:15 AM AEST| By Team Kalkine MediaIn its 2030 sustainable development plan, the United Nations has outlined 17 Sustainable Development Goals (SDG) that need urgent action by all for peace and prosperity for people and the planet. One of its goals is gender equality. It means that t.....
Uber luxurious Edgewater trophy home grabbed for $95 million
September 13, 2020 12:10 AM AEST| By Team Kalkine MediaOne of the most expensive residential properties known as Edgewater is believed to be bought by the gold mining businessman "John" Changjin Li. The new buyer is believed to have purchased the waterfront trophy property for about $95 million.....
Are “Work From Home” policies biased towards parents?
September 13, 2020 12:00 AM AEST| By Team Kalkine MediaThe COVID-19 pandemic has redefined the workspace with their humble abode becoming the work zone for the majority of people, post COVID-19 infection infiltrated the society. The concept of “Work from Home” (WFH), which was limited to t.....
TSX Climbs 37 Points, Industrials Biggest Gainer
September 12, 2020 10:07 AM AEST| By Team Kalkine MediaCanada’s leading equity gauge S&P/TSX Composite Index climbed 37.14 points or 0.23% to close at 16,222.46 on Friday. The S&P/TSX 60 index added 3.07 points or 0.32% to 973.383. However, the junior S&P/TSX Venture Composite Index set...
Too Soon to Exit From Monetary Stimulus, Says Bank of Canada Guv
September 12, 2020 06:06 AM AEST| By Team Kalkine MediaBank of Canada (BoC) governor Tiff Macklem, at a recent press briefing, stressed on the central bank’s decision to continue its quantitative easing (QE) program “at the current pace”. The BoC froze its benchmark interest...
Fitness company Peloton’s revenue soars as demand for at-home gym products continue
September 12, 2020 06:04 AM AEST| By Team Kalkine MediaPeloton Interactive, Inc, a New York-based exercise equipment company, reported a fiscal fourth quarter revenue of US$ 607.1 million, a 172 per cent increase from last year. The company raked up a profit of over US$ 89 million in t...
Consumer Debt Rises Due to Recovery in Housing Market and Slower Mortgage, says Equifax Canada
September 12, 2020 06:02 AM AEST| By Team Kalkine MediaA report by Equifax Canada says the country’s total consumer debt has risen to C$ 1.991 trillion in the second quarter of 2020. The housing market’s robust recovery, coupled with a slower payoff of existing mortgages, has led t...
Canada Sees Lowest Household Debt Ratio Since 2010
September 12, 2020 06:00 AM AEST| By Team Kalkine MediaA Statistics Canada report shows that the household credit market debt has fallen to 158.2 per cent of disposable income in the second quarter of 2020. The report said that this was caused by a 10.8 per cent raise in household disposable i...
Canadian AI All-Stars: Unveiling the Top Stocks for 2025