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Canada Plans To Levy Sales Tax On Foreign Tech Firms Like Amazon, Netflix & Airbnb
December 01, 2020 10:25 AM EST| By Team Kalkine MediaIn the recently released Fall Economic Statement, Finance Minister Chrystia Freeland proposed that foreign companies that conduct online business in Canada be charged a sales tax starting July 1, 2021. Freeland also proposed levying sales...
Auxly Cannabis Group Inc’s (TSXV: XLY) Q3 2020 Net Revenue Surges 85% QoQ
December 01, 2020 10:24 AM EST| By Team Kalkine MediaAuxly Cannabis Group Inc’s total net revenue stood at C$ 13.4 million in third quarter of 2020, which included cannabis net revenue of C$ 12.6 million. Its Selling, General and Administrative expenses dropped to C$ 11.4 million in Q3...
Jade Power Trust (TSXV: JPWR.UN) Posts 21% YoY Revenue Growth in Q3 2020
December 01, 2020 10:24 AM EST| By Team Kalkine MediaJade Power Trust posted a revenue of C$ 4.8 million in the third quarter of 2020, up from C$ 4 million in Q3 2019. Its adjusted EBITDA grew 15 per cent year-over-year (YoY) to C$ 2.3 million in Q3 2020 ending 30 September 2020, from C$ 2.1...
Canada To Implement Digital Tax From 2022: What All You Need To Know?
December 01, 2020 10:12 AM EST| By Kunal SawhneyCanada will enforce a tax on all digital service providers in the country from January 1, 2022. The amount raised by this digital taxation will boost federal coffers by C$ 3.4 billion in five years. This tax will continue till other countri.....
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Canadian Markets: Why Are Stocks Down Today?
December 01, 2020 04:24 AM EST| By Team Kalkine MediaStock markets tumbled on Monday following the C$ 381.6-billion budget deficit projected by the finance department for the fiscal year 2020-21. Toronto Stock Exchange (TSX) Composite, the Canadian benchmark index, lost over 206 points or 1.185 per c.....
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Bitcoin At an All-Time High Outperforming All Asset Classes, Why are investors Gung-ho?
December 01, 2020 06:18 PM AEDT| By Kunal SawhneyBitcoin prices finally climbed to a record high, taking less than three years to scale the previous all-time high the previous high seen in December 2017. The world’s most popular cryptocurrency gained considerable momentum in the recent past,...
UK’s Fashion giant Arcadia goes into administration; 13,000 jobs at risk
November 30, 2020 11:18 PM EST| By Team Kalkine MediaArcadia Group, the owner of renowned fashion brands like Topshop, Burton and Dorothy Perkins, has become the latest victim to bite the dust in the wake of COVID-19 storm. The fashion giant has hired administrators from Deloitte to assess all avail.....
Moderna seeks US, EU approval for COVID-19 vaccine after it demonstrated 94.5% efficacy
November 30, 2020 08:30 PM EST| By Edita IvancevicPharmaceutical giant Moderna Inc. (NYSE:MRNA) intends to ask vaccine regulators in the US, Europe, and the UK for urgent approval of its coronavirus vaccine. According to the company, they performed late-stage study of human trials for the COVID-1.....
TSX Loses 206 Points, Aurora & Cronos Top Gainers
November 30, 2020 04:44 PM EST| By Team Kalkine MediaThe leading index of the Toronto Stock Exchange closed 206.31 points or 1.19% lower at 17,190.25 on Monday. At the close, the S&P/TSX Composite Index was featuring a dividend yield of 3.43% and traded at a Price-to-Earnings multiple of 19.59x. T...
The Green Organic Dutchman Holdings Ltd (TSX: TGOD ) Files For Shelf Prospectus Of C$ 50 Million
November 30, 2020 12:08 PM EST| By Team Kalkine MediaThe Canadian organic cannabis producer recently announced that it submitted a final short form base shelf prospectus with securities regulatory agencies across the country. The Green Organic Dutchman Holdings Ltd said that the shel...
Aphria Inc (TSX: APHA) Completes Acquisition Of SweetWater Brewary
November 30, 2020 12:07 PM EST| By Team Kalkine MediaCanadian cannabis producer Aprhia Inc recently announced that it has completed the acquisition of SweetWater Brewing Company, a US-based craft brewer. As a part of this transaction, SweetWater stakeholders got US$ 250 million in cas...
Southern Energy Corp (TSXV: SOU) Posts 51% QoQ Surge In Adjusted Funds Flow In Q3 2020
November 30, 2020 12:06 PM EST| By Team Kalkine MediaThe energy company reported adjusted funds flow of C$ 1.1 million from its operations in the third quarter of 2020. Southern Energy Corp also saw a 12 per cent quarter-over-quarter (QoQ) surge in its energy production. The company managed...
PharmaCielo Ltd (TSXV: PCLO) Posts Lowered Revenue In Q3 2020
November 30, 2020 12:06 PM EST| By Team Kalkine MediaThe Canada-based cannabis firm reported a revenue of C$ 25,913 in the third quarter ending September 30, 2020, a steep drop from that of C$ 1.23 million in Q2 2020. PharmaCielo Ltd said that it completed the construction of the Proce...
Canada Govt To Announce COVID-19 Stimulus Package On November 30
November 30, 2020 12:05 PM EST| By Team Kalkine MediaWhile revealing its new expenditure plans on November 30, the Canadian government will also inform the public about the expenses of its emergency COVID-19 aid measures. Named the ‘Fall Economic Statement’, this will be the firs...
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Cyber Monday 2020: What Deals To Look Forward To In Canada?
November 30, 2020 02:02 AM EST| By Team Kalkine MediaSummary Many provinces across Canada are currently under lockdown again due to the rise in Covid-19 infections, so merchandises are planning their Cyber Monday sales events keeping that in mind. Most of the Cyber Monday deals have been made ava.....
How has COVID-19 steered our mode of travel?
November 29, 2020 09:38 PM EST| By Team Kalkine MediaThe Covid-19 pandemic that took the world in its grip, undoubtedly made people adapt to living which perhaps no one would have heard of or dreamed of. However, by now, we all are familiar with the concept of social distancing, regular hand sanitisi.....
Acceleware Ltd (TSXV: AXE) Reports Lowered Revenue, Increased G&A Costs in Q3 2020
November 29, 2020 12:55 AM EST| By Team Kalkine MediaClean Tech company Acceleware Ltd recorded a revenue of about C$ 0.1 million in the third quarter of 2020, down from C$ 0.2 million Q3 2019. Its total comprehensive loss stood at C$ 0.5 million in Q3 2020, in line with that of Q3 2019. Th...
Financial Planning For Older Employees In The Midst Of COVID-19
November 29, 2020 12:43 AM EST| By Team Kalkine MediaSummary Over 5.5 million Canadian workers were impacted by the pandemic. COVID-19 has ruined the financial plans of many recent retirees and those who plan to retire soon. One needs to take stock of the current situation and avoid dipping into.....
Will RCEP bring a thaw in Australia-China trade relations?
November 28, 2020 08:01 AM EST| By Kunal Sawhney&n.....
Canadian Spirit Resources Inc (TSXV:SPI) Posts Increased Comprehensive Loss in Latest Financial Report
November 28, 2020 07:39 AM EST| By Team Kalkine MediaNatural resources company Canadian Spirit Resources’ loss and comprehensive loss for the nine months ending 30 September 2020 amounted to C$ 1.6 million. Its working capital amounted to C$ 0.65 million by the end of September 2020, a...
