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News
G20 Summit: What are the key agenda points?
November 21, 2020 12:22 PM AEDT| By Kunal SawhneyThe exacerbated pandemic situation rampant across the globe has hit the nations with massive economic shocks. Amidst the faltered economic scenario, the leaders representing the major economies are virtually attending the 15th meeting of Group of T.....
TSX Up 109 Points, Aurinia Pharmaceuticals & Blackberry Top Gainers
November 21, 2020 04:22 AM AEDT| By Team Kalkine MediaThe main index of the Toronto Stock Exchange, the S&P/TSX Composite Index, extended gains for the second straight day and added 109 points or 0.65% to 17,019.10 on Friday. This is the consecutive weekly gain for the index, which added approximate...
Ayr Strategies Inc’s (AYR.A:CNX) Revenue Soars 42% YoY
November 21, 2020 02:03 AM AEDT| By Team Kalkine MediaAry Strategies reported revenue of US$ 45.5 million in Q3 2020, up from US$ 32.1 million in Q3 2019. The cannabis company’s adjusted EBITDA surged to US$ 19.3 million in Q3 2020, compared to US$ 8.7 million in Q3 2019. The company g...
Pfizer-BioNTech Vaccine Likely To Be Available by December-end
November 21, 2020 02:01 AM AEDT| By Team Kalkine MediaPfizer (NYSE: PFE) and BioNTech (Nasdaq: BNTX) are expected to submit the approval request for their COVID-19 vaccine candidate BNT162b2 to the Food and Drug Administration (FDA) on Friday, November 20 for urgent use in the US. The two com...
Canada Records Largest Deficit In 7 Years In 2019: StatCan
November 21, 2020 02:00 AM AEDT| By Team Kalkine MediaThe Canadian general government saw a deficit of C$ 25.3 billion in 2019, as against an excess of C$ 2.6 billion in 2018, the Statistics Canada reported on Wednesday, November 18. The deficit made 1.1 per cent of Canada’s gross domes...
Cresco Labs (CL:CNX) Reports 63% QoQ Revenue Growth in Q3 2020
November 21, 2020 02:00 AM AEDT| By Team Kalkine MediaThe vertically integrated cannabis company recorded a revenue of US$ 153.3 million in the third quarter ending 30 September 2020, an absolute increase of US$ 59 million from the previous quarter. Its adjusted EBITDA stood at US$ 46.4 milli...
TerrAscend Corp (TER:CNX) Reports Record 90% YoY Jump In Net Sales
November 21, 2020 01:59 AM AEDT| By Team Kalkine MediaThe cannabis operators net sales amounted to C$ 51 million in Q3 2020, up from C$ 27 million in Q3 2019. Its gross margin jumped to 59 per cent in the third quarter ending 30 September 2020, up from 56 per cent in Q2 2020 and 45 per cent i...
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Apple reduces its 30% App Store commission for developers
November 20, 2020 02:20 PM AEDT| By Team Kalkine MediaApple Inc. has slashed its App store commission fees from 50% to 15% implying that small app developers will now pay in half to Apple. The minimum eligibility requirement for the small developers to get the benefit are those who make less than US$1.....
Consumer Confidence in Focus Ahead of Christmas Rally
November 20, 2020 12:47 PM AEDT| By Team Kalkine MediaConsumer confidence is one of the most powerful economic indicators that influences the equity market. When there is high consumer confidence, people tend to purchase more and spending increases. Thus, there is an overall positive sentiment in the .....
TSX Up Marginally, Norbord & Ballard Power Top Gainers
November 20, 2020 04:46 AM AEDT| By Team Kalkine MediaCanada’s benchmark leading index closed 19.99 points or 0.12% higher at 16,909.81 on Thursday. The index ended above its crucial long-term support level of 200-day, 100-day and 50-day, simple moving averages (SMAs). At the close, the S&P/T...
Nasdaq (NDAQ:US) To Buy SaaS Company Verafin
November 20, 2020 02:29 AM AEDT| By Team Kalkine MediaTech company Nasdaq to set to acquire Verafin for US$ 2.75 billion in cash, which is subjected to customary adjustments. With the help of Verafin’s SaaS technology, Nasdaq plans to increase its global reach to deal with money launder...
Metro Inc (TSX:MRU) Posts 7.4% YoY Sales Growth in Q4 2020
November 20, 2020 02:28 AM AEDT| By Team Kalkine MediaMetro Inc registered sales of C$ 4,143.6 million in the fourth quarter of 2020. The company reported net earnings of C$186.5 million, up 11.4 per cent YoY. Metro’s expenses related to COVID-19 amounted to C$137 million in fiscal 202...
Leonovus (CVE: LTV) Reports Q3 2020 Results, Notable YoY Revenue Increase
November 20, 2020 02:28 AM AEDT| By Team Kalkine MediaThe software service provider posted revenues of US$ 69,000 in the third quarter of 2020, a significant increase from no revenue in Q3 2019. Leonovus Inc bore a net loss of US$ 421,000 in Q3 2020, down from that of US$ 1,047,000 in Q3 2019...
Air Canada (TSX:AC) Open To Pay Refunds On Unused Tickets: CEO
November 20, 2020 02:27 AM AEDT| By Team Kalkine MediaAir Canada said it would be offering refunds to customers for cancelled flights in return for government aid, as per media reports. CEO Calin Rovinescu said the airline would not be offering an equity stake to Ottawa. The company has refu...
Canada & UK On Brink Of Trade Agreement To Replace EU Deal
November 20, 2020 02:27 AM AEDT| By Team Kalkine MediaAn announcement is reportedly expected in the next few days. The United Kingdom and Canada would be subjected to trade tariffs from January 2021 if a new trade deal is not implemented in place of the CETA. Trade between the two countries...
Cryptocurrency Exchange Binance Sues Forbes Over ‘False’ Article
November 20, 2020 01:58 AM AEDT| By Kunal SawhneyWhile everyone is talking about Bitcoins crossing the record levels of $18,000, there is another major event from the crypto field doing the round. Binance, a cryptocurrency exchange, has filed a lawsuit in the United States against the New Jersey-.....
Analysts Divided Over Bitcoin’s Future Prospects as It Breaks $18,000 Level
November 20, 2020 01:52 AM AEDT| By Hina ChowdharyThe price of world’s best-known cryptocurrency Bitcoin has hit $18,000 on Wednesday -- which is the highest since December 2017 and has soared about 160% this year. Throughout the pandemic and uncertain times, the investors have been putting .....
How Has October’s Inflation Rise Impacted Canada’s Economy?
November 20, 2020 12:06 AM AEDT| By Kunal SawhneyThe inflation rate in Canada spiked by 0.7 per cent year-over-year (YoY) in October 2020, up from a 0.5 per cent increase in September, reported national data agency Statistics Canada on Wednesday, November 18. The jump in the Consumer Price Index .....
How October Home Sales Data Release Impacted Canadian Real Estate Stocks?
November 19, 2020 11:39 PM AEDT| By Hina ChowdharySummary Real estate stocks have been trending since the CREA released its October statistics this week. The recent data showed that Canada’s home sales figures fell 0.7 per cent in October from September’s record high. The S&P/.....
Bitcoin Knocking at All-time Highs after 3 years, USD 20,000 on cards?
November 19, 2020 01:41 PM AEDT| By Team Kalkine MediaBitcoin is grabbing eyeballs again. The currency continues to climb and is closing in on the levels not seen since it reached its highest ever mark three years ago. Bitcoin is just 12% shy of its previous all-time high of USD 19,891.0, last seen o.....
Canadian AI All-Stars: Unveiling the Top Stocks for 2025