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Neptune Wellness (TSX:NEPT) Inks Supply Deal With Ontario Cannabis Store (OCS)
October 28, 2020 01:43 PM EDT| By Team Kalkine MediaThis agreement will enable sales and supply of Neptune’s recreational cannabis product line Mood Ring. Mood Ring products will be sold and distributed via OCS offline, and it will be available for purchase i...
Cenovus Energy (TSX:CVE) To Slash 25% Of Its Workforce
October 28, 2020 01:42 PM EDT| By Team Kalkine MediaCenovus Energy will be slashing 20 to 25 per cent of its workforce. Most reductions will be based in Calgary. Post the Husky acquisition deal for C$3.8 billion, this consequent decision of job cuts is&nbs...
IPO Buzz: Ant Group, DoorDash, Bumble, Canoo Prep for Public Debuts
October 28, 2020 01:37 PM EDT| By Kunal SawhneySummary There has been a 14 per cent growth in the number of IPOs filed globally this year, as per a 2020 study conducted by Ernst and Young. Chinese businessman Jack Ma’s Ant Group is set to become the biggest IPO of the world, raising o.....
3 Candy Stocks & An ETF For Halloween 2020
October 28, 2020 01:30 PM EDT| By Team Kalkine MediaThough the year 2020 has been quite choked with horror overall, thanks to the COVID-19 pandemic, people are still looking forward to celebrating the special night designated to all things scary – Halloween. Just around the corner on Saturday,.....
Microsoft & Netflix trading flat despite robust results, Here’s Why
October 28, 2020 03:18 AM EDT| By Team Kalkine Mediaul> NASDAQ-listed Microsoft Corporation slipped lower on Tuesday post releasing its FY2021 Q1 earnings results as the tech giant fell short of analysts’ consensus over future earnings guidance. The stock settled ~ 2.84 per cent lower on 27...
Bears Haunt TSX Ahead Of Halloween, Index Drops 58.61 points
October 27, 2020 10:14 PM EDT| By Team Kalkine MediaGlobal equity markets tumbled on Tuesday amid fears of Lockdown 2.0 after coronavirus cases surged at a rapid pace in some parts of the world. Canadian markets traded lower for the second straight day with the S&P/TSX Composite Index declining by...
Restaurant Brands International (TSX:QSR) Q3 Revenue Declines 8% YoY
October 27, 2020 10:53 AM EDT| By Team Kalkine MediaIn the third quarter of FY20, Restaurant Brands International Inc. reported a total revenue of US$ 1337 million, a fall of nearly 8.3 per cent compared with US$ 1458 million in Q3 FY19. Its adjusted EBITDA was US$ 561 million in Q3 FY20, a...
Spin Master Corp (TSX:TOY) To Buy Parent Firm Of Iconic Rubik's Cube®
October 27, 2020 10:52 AM EDT| By Team Kalkine MediaThe leading international kid’s entertainment company, Spin Master, is set to acquire Rubik's Cube® parent company Rubik’s Brand Ltd. London-based Rubik’s Brand created the world-famous puzzle that has fascinated its...
West Fraser Timber (TSX:WFT) Profits Jumps Up to C$350mn
October 27, 2020 10:51 AM EDT| By Team Kalkine MediaSales increased by 32 per cent to C$1,690 million in the third quarter and higher timber prices contributed to the rise in earnings. The lumber segment generated operating earnings of C$454 million, whereas the pulp and paper segment repor...
Western Energy Services Corp (TSX:WRG) Revenue Drops 71% in Q3
October 27, 2020 10:50 AM EDT| By Team Kalkine MediaThe revenue decreased by C$33.7 million in Q3 2020, from C$47.1 million in Q3 2019. Revenue from contract drilling segment dropped by 83 per cent and from production services declined by 43 per cent to C$8.1 million. The company incurred...
HSBC Bank Canada Profits Decline in Q3
October 27, 2020 10:47 AM EDT| By Team Kalkine MediaOperating income for the quarter declined to C$472 million while net interest income dropped to C$244 million. Net fee income for the quarter was C$172million, an increase of C$4million year-over-year due to increase in credit card fee inc...
Bombardier (TSX:BBD) & Genworth MI Canada (TSX:MIC): Two Trending TSX Stocks
October 27, 2020 07:38 AM EDT| By Team Kalkine MediaSummary Bombardier is selling off its aerostructures business to Spirit AeroSystems Holding for a cash consideration of US$275 million under revised deal terms. Brookfield, which already owns a 57 per cent stake in residential mortgage insuranc.....
PayPal Goes Active on Crypto Space, Slew of News
October 27, 2020 05:04 AM EDT| By Team Kalkine MediaPayPal Introduces New Service Enabling Users to Transact Cryptocurrency: On 21 October 2020, PayPal announced the release of a new service that would allow the users to buy, hold & sell cryptocurrency straight from the PayPal account. The Comp.....
Investors’ Line Up For Jack Ma-Led Ant Group’s US$34-billion IPO: All You Need To Know
October 27, 2020 03:51 AM EDT| By Team Kalkine MediaSummary Ant Group’s upcoming IPO is likely to surpass Saudi Aramco’s US$-29 billion record offering. The Chinese fintech giant has priced its shares for US$10.32 a pop. Ant Group is set to be listed on the Hong Kong Stock Exchange .....
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Jack Ma’s Giant Ant Set to Make World’s Biggest Stock Market Debut
October 27, 2020 01:29 AM EDT| By Team Kalkine MediaJack Ma’s Ant Group is set to raise US$34 billion when its shares start trading on the Hong Kong and Shanghai stock market in the upcoming weeks. With this, Ant Group’s IPO would become the world’s largest stock market debut on re.....
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COVID-19 Cases Resurge in US and UK, Vaccine Trials Back on Track
October 26, 2020 10:58 PM EDT| By Team Kalkine MediaThe COVID-19 crisis threw the whole world into a dilemma of lives and livelihoods. The global virus crisis has engulfed almost the entire year, and till now, there is no effective treatment available to tackle the situation. The measures one can f.....
TSX Composite Falls 1.38%, Genworth MI & Husky Energy Top Gainers
October 26, 2020 10:11 PM EDT| By Team Kalkine MediaThe S&P/TSX Composite Index fell 1.38 percent to 16,079.55 on Monday, October 26. At the closing bell, the index traded below its crucial short-term support level of 50-day simple moving average (SMA) and below its immediate support levels of 5-d...
Air Canada (TSX:AC) 1st North American Airline To Get Illegal Wildlife Trade Certification
October 26, 2020 12:59 PM EDT| By Team Kalkine MediaThe International Air Transport Association (IATA) announced the the Illegal Wildlife Trade (IWT) certification to Air Canada on October 23. Air Canada Cargo has implemented measures to reduce the possibility of transferring illegal wildli...
Sun Life Financial (TSX:SLF) To Acquire Majority Stake In Crescent Capital (CCAP:US)
October 26, 2020 12:31 PM EDT| By Team Kalkine MediaSun Life is set to acquire a 51 per cent interest in Crescent Capital for up to C$ 450 million. The transaction will comprise C$370 million as upfront payment and a payment of C$80 million in the future based on achievement of certain mile...
Kinross (TSX:K) Unveils Gold Production Plans Till 2029
October 26, 2020 12:30 PM EDT| By Team Kalkine MediaThe company targets to produce an average of 2.5 million gold equivalent ounces per year from 2020 and 2029. Kinross had announced on September 17 that it expects to increase production by 20 per cent from 2021-2023. The company anticipat...
