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Power Corporation of Canada (TSX: POW) Reports Q3 Results
November 12, 2020 10:13 AM EST| By Team Kalkine MediaIn the third quarter of 2020, Power Corporation reported net earnings of C$505 million, up from C$359 million in 2019. Net asset value per share of C$34.94 in Q3, an increase of 6 per cent as compared to C$32.96 a quarter ago. Great-West...
Cascades Inc’s (TSX: CAS) Sales Marginally Up In Q3 2020
November 12, 2020 10:13 AM EST| By Team Kalkine MediaThe company registered sales of C$1,275 million in the third quarter of 2020, marginally up as compared with C$1,264 million a year ago. The company reported an operating income of C$73 million in Q3 2020, down 22 per cent year-over-year....
Sony launches PlayStation 5 amid COVID-19 gaming boom
November 12, 2020 03:58 AM EST| By Kunal SawhneyOn 12 November, Sony Corp (TYP:6758) PlayStation 5 console went on sale following the launch of newest Xbox by the rival Microsoft competing for the holiday season ahead. Market leader Sony depends on big-ticket exclusive games such as Spider-Man: .....
COVID-19 vaccine breakthrough fuels US tech stocks’ sell-off
November 12, 2020 02:13 AM EST| By Kunal SawhneyThe US achieved a significant milestone in the direction of COVID-19 vaccine when on 09 November 2020, Pfizer Inc. (NYSE: PFE) and BioNTech SE (Nasdaq: BNTX) announced that their mRNA-based vaccine candidate, BNT162b2 is 90% effective in preventing.....
How will Biden victory affect health insurance in the US?
November 12, 2020 01:06 AM EST| By Edita IvancevicAfter the US welcomed their new Democrat president Joe Biden in the most intense presidential elections ever, many Americans greeted the decision with a smile on their face. Fireworks, beeping cards, and singing pop classics could be both seen and .....
How Will Post-Brexit Canada-UK Deal Impact Canadian Businesses?
November 11, 2020 06:00 PM EST| By Kunal SawhneyCanada would be ready for a post-Brexit trade agreement with the UK by the end of this year, Prime Minister Justin Trudeau said on Wednesday, November 11. But the UK government may face a ‘bandwidth’ issue in moving forward with.....
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TSX Ends On Higher Note For Third Straight Day, Aurora Cannabis (TSX:ACB) Volume Leader
November 11, 2020 04:13 PM EST| By Team Kalkine MediaEquity benchmark index of Canada, the S&P/TSX Composite Index, closed higher for the third straight day on Wednesday. It added approximately 159 points or 0.96% to end at 16,774.14. The index features an uptrend as it closed above all its crucia...
Canada-UK Post-Brexit Trade Deal Likely By 2020-End, Says PM Trudeau
November 11, 2020 12:36 PM EST| By Team Kalkine MediaA trade agreement with the United Kingdom is expected by the end of 2020, said Prime Minister Justin Trudeau at an online conference. However, the UK may not have the ‘bandwidth’ to go ahead with talks, he added. In October, t...
The Green Organic Dutchman (TSX: TGOD) Revenues Surge 119% YoY in Q3 2020
November 11, 2020 12:36 PM EST| By Team Kalkine MediaIn the third quarter of 2020, the company reported total revenue of C$5.71 million, 119 per cent increase over Q3 2019. The Canadian cannabis revenue increased 41 per cent quarter-over-quarter to C$3.84 million. Loss from operations...
Absolute Software (TSX: ABST) Revenue Spikes 11% YoY
November 11, 2020 12:35 PM EST| By Team Kalkine MediaRevenue touched US$28.5 million in Q1 FY2021 (ending September 30, 2020) Net income decreased by 25 per cent year-over-year to US$2.6 million. The total annual recurring revenue (ARR) stood at US$111.7 million, representing a 13 per...
Boralex Inc’s (TSX:BLX) Combined EBITDA(A) Surges 18% YoY in Q3
November 11, 2020 12:35 PM EST| By Team Kalkine MediaThe Canadian electricity provider registered a combined EBITDA (adjusted to include other items) of C$83 million in the third quarter of 2020, an 18 per cent surge from Q3 2019. The utility company reported a power production of 789 GWh in...
NFI Group (TSX:NFI) Total Revenue Drops by US$61.5 Million in Q3 2020
November 11, 2020 12:34 PM EST| By Team Kalkine MediaNFI Group Inc reported total revenue of US$663.9 million in the third quarter of 2020, down US$61.5 million from Q3 2019. The vehicle manufacturer registered an adjusted EBITDA of US$60.9 million in Q3 2020, a drop of US$16 million from Q3...
What Is Remembrance Day? Glance At Defense Stocks CAE (TSX:CAE) & Heroux-Devtek
November 11, 2020 03:59 AM EST| By Kunal SawhneySummary With rising number of COVID cases, formal Remembrance Day events will be held privately this year. Ahead of Canada’s Remembrance Day, which falls on November 11, defense stocks of CAE Inc (TSX: CAE) and Heroux-Devtek Inc (TSX: HRX.....
Is Hydrogen the fuel of the future?
November 10, 2020 11:59 PM EST| By Edita IvancevicIn a world where the need for sustainable energy is growing by the day, engineers are facing a crucial task of finding new resources. After NASA started using hydrogen fuel for their spaceships, hydrogen as an element leapt to the limelight. It is.....
Petco plans to go public, files IPO with the US Securities and Exchange Commission
November 10, 2020 10:19 PM EST| By Hina ChowdharyPetco Animal Supplies Inc has announced its intentions to go public in the US after having submitted a registration form S-1 to the US Securities and Exchange Commission (SEC) for the review. However, the IPO is still in its initial stages, and the.....
TSX Edges Higher, Enerplus Corp & Sleep Country Canada Top Gainers
November 10, 2020 04:13 PM EST| By Team Kalkine MediaMain index of the Toronto Stock Exchange, the S&P/TSX Composite Index, moved up on continued hopes of coronavirus vaccine will lead to global economic recovery. The index added approximately 140 points or 0.85% to 16,615.37 on Tuesday. S&P...
Premium Brands (TSX:PBH) & Mi'kmaq First Nations Alliance To Acquire Clearwater (TSX:CLR)
November 10, 2020 12:11 PM EST| By Team Kalkine MediaA coalition of Mi'kmaq First Nations communities along with Premium Brands Holdings will jointly acquire Atlantic Canada's biggest wild seafood firm Clearwater. Clearwater stockholders will get C$8.25 in cash per common share in a...
Dye & Durham (TSX: DND) Q1 FY21 Revenue Up 29% YoY
November 10, 2020 12:09 PM EST| By Team Kalkine MediaThe software company reported revenues of C$21.9 million in the first quarter of FY2021, a 29 per cent rise from C$16.9 million in Q1 of fiscal 2020. The company’s adjusted EBITDA was $12.5 million in Q1 FY2021, a 41 per cent...
Sleep Country Canada (TSX: ZZZ) Q3 Revenue Surges By 15.4% YoY
November 10, 2020 12:07 PM EST| By Team Kalkine MediaSleep Country saw a 15.4 per cent surge in its revenue year-over-year to C$242.4 million in Q3 2020. The company posted a triple-digit eCommerce revenue growth across Sleep Country, Dormez-vous? and Endy, generating 18.1 per cent of total...
IKEA Canada Launches Restaurant Takeout Service
November 10, 2020 12:02 PM EST| By Team Kalkine MediaBeginning November 9, customers of IKEA Canada can enjoy restaurant takeout service to bring food directly home after their shopping experience. The new restaurant takeout offer includes IKEA favorites such as Swedish meatballs, butter chi...
