AUS
NZ
UK
CA
USA
IND
News
.jpg)
S&P/TSX Composite Snaps Six-days of Consecutive Gains
December 09, 2020 04:55 PM EST| By Team Kalkine MediaThe benchmark Canadian equity index traded lower after six consecutive days of surge. The index lost 79.14 points or 0.45% to settle at 17,559.86 on Wednesday. However, the index still traded above all its support levels of 5-day, 10-day, 20-day, 30-...
DoorDash Debuts On Stock Market, Airbnb Right Behind
December 09, 2020 11:14 AM EST| By Kunal SawhneySummary Stocks of food delivery app DoorDash Inc debuted on the New York Stock Exchange on Wednesday, December 9. Airbnb shares are slated to hit the Nasdaq on Thursday, December 10. DoorDash raised about US$ 3.37 billion in its initial public.....
11 Issuers Debut On TSX In November 2020, Total Listings 1643
December 09, 2020 09:19 AM EST| By Kunal SawhneySummary Eleven issuers debuted on the TSX and four on the TSXV in November 2020. A total number of 1,643 issuers are listed on the TSX while 1,900 are listed on the TSXV. The TMX group registered 15.39 billion trading volume in November, for a.....
Federal & Quebec Govts To Invest In $875-Million Biofuel Plant
December 09, 2020 06:54 AM EST| By Team Kalkine MediaThe biofuel production plant, Varennes Carbon Recyling project, will be constructed in Quebec’s Varennes, southeast of Montreal. The $875-million facility will use non-recyclable residual materials from landfills and help reduce emis...
Newmont (TSX:NGT) Announces 2021 & Long-Term Outlook
December 09, 2020 06:54 AM EST| By Team Kalkine MediaGold production is expected to touch 6.5 million ounces in 2021, between 6.2 and 6.7 million ounces by 2023 and between 6.5 and 7.0 million ounces by 2025. Gold costs sales or CAS is $750/ounce for 2021, between $650 - $750/ ounce for 2022...
Tesla (TSLA:US) Unveils Sale Of $5b In Stock Offering
December 09, 2020 06:52 AM EST| By Team Kalkine MediaTesla Inc is seeking to raise another $5 billion in capital, its second such move in three months. The electric vehicle maker’s shares current market value above $600 billion. Stocks will be sold through an “at-the-market&rdqu...
Gatos Silver (TSX:GATO) Q3 2020 Results Declared
December 09, 2020 06:51 AM EST| By Team Kalkine MediaThe silver mining firm’s net loss narrowed down to $1.2 million in Q3 2020 (ended September 30, 2020) from $4.9 in Q3 2019. The company completed its NYSE and TSX IPO and raised gross proceeds of US$172.5 million in the fourth quarte...
Air Canada (TSX:AC) May Suspend More Routes Over Rising COVID-19 Cases
December 09, 2020 06:51 AM EST| By Team Kalkine MediaThe national carrier is likely to cut down on routes in Atlantic provinces beginning 2021. The airline will stop all flights to Sydney in Nova Scotia and Saint John in New Brunswick from January 11. Routes in Deer Lake in Newfoundland and...
Christmas 2020: 5 Stocks To Explore Ahead Of Holiday Season
December 09, 2020 05:29 AM EST| By Team Kalkine MediaSummary Canada’s online retail sales jumped to C$ 36.2 billion between March and September 2020. About 90 per cent of Canadians feel that it is important to shop from local retailers, found a Retail Council of Canada survey. Stocks of Sh.....
China’s Consumer Prices lowest in more than a decade
December 09, 2020 04:33 AM EST| By Team Kalkine MediaChina’s consumer prices went down for the first time in a decade, after pork prices fell courtesy recovery from the last year’s African swine fever. Economists had forecast a flat year-on-year CPI outcome after a 0.5% rise in October. As...
OPEC+ agrees to crank up oil production from January
December 09, 2020 03:59 AM EST| By Team Kalkine MediaIn a significant move, OPEC and non-OPEC allies have agreed to raise their oil production starting January, after a meeting on 3 December 2020. The decision came after days of marathon discussions, which were focused on building accord over how to .....
Australia Dollar Going Strong and Here’s Why
December 08, 2020 10:15 PM EST| By Team Kalkine MediaAustralian Dollar has been on a scintillating run this year, specifically after March 2020. On 8 December 2020, the FX rate on AUD/USD contracts clocked around US74 cents, which was recorded in August 2018. Image Source: Shutterstock On Tuesday.....
The controversial life of coal mining magnate Ivan Glasenberg
December 08, 2020 10:08 PM EST| By Edita IvancevicIvan Glasenberg at International Economic Forum in St. Petersburg, Russia, 2016 (Image source: Shutterstock) Ivan Glasenberg, the Swiss-based billionaire, has the largest stake in the commodity trading and mining company, Glencore (LON:GLEN). The co...
Pfizer-BioNTech’s COVID-19 vaccine starts working within ten days of first dose, says FDA
December 08, 2020 09:53 PM EST| By Hina ChowdharyAccording to new documents released by the US regulator, Pfizer-BioNTech's COVID-19 vaccine, BNT162b2 shows response within almost ten days of the first dose. In the documents, the US Food and Drug Administration (FDA) mentioned that BNT162b2 was f.....
Tesla to Raise USD 5 Billion, Riding High on Share Price Boom
December 08, 2020 09:11 PM EST| By Team Kalkine MediaAmerican electric vehicle and clean energy company, Tesla Inc., has unveiled its plan to raise USD 5 billion. As per a regulatory filing on Tuesday, the additional shares will be sold from time to time, at the market prices. It is the second time i.....
TSX Up For Sixth Straight day, Ballard Power & Crescent Point Top Stocks
December 08, 2020 04:49 PM EST| By Team Kalkine MediaThe main Canadian equity index – the S&P/TSX Composite – settled higher for the sixth consecutive day, supported by strengths in energy, healthcare, industrials, and financials stocks. The index closed 56.65 points or 0.32% hi...
Foreign-Controlled Assets Stake Down By 0.4%, Value Grew To C$2.4T In 2018: Statistics Canada
December 08, 2020 12:00 PM EST| By Team Kalkine MediaValues of Canadian and foreign-controlled assets improved by 7.9 per cent and 4.3 per cent, respectively, in 2018, reported Statistics Canada. The foreign-controlled share of assets saw a marginal year-over-year drop from 15.7 per cent in...
Enbridge Inc (TSX: ENB) Estimates Generating Higher Core Earnings In 2021
December 08, 2020 12:00 PM EST| By Team Kalkine MediaCanadian energy company Enbridge Inc has projected higher core earnings in 2021, saying it expects improved volume on its Liquids Mainline System next year. In its 2021 Financial Guidance, the company estimated a distributable cash...
More Layoffs At Husky Energy’s (TSX: HSE) West White Rose Project Despite C$ 41.5Mn Funding
December 08, 2020 11:59 AM EST| By Team Kalkine MediaHusky Energy Inc is expected to further downsize its workforce at the West White Rose worksite in Argentia, Newfoundland, by about 15 trade workers and 60 employees in the project management department, said media reports recently. The dow...
Mental Health Therapy Provider MindBeacon Files For A C$ 50Mn IPO
December 08, 2020 11:58 AM EST| By Team Kalkine MediaMindBeacon submitted a regulatory filing on Monday, December 7, for its initial public offering (IPO). The Toronto-based company listed Manulife Financial Corporation (TSX: MFC) and Telus Corporation (TSX: T) as its investors. MindBeacon...
