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TransLink CEO Kevin Desmond to Step Down in February 2021
October 21, 2020 01:03 PM EDT| By Team Kalkine MediaKevin Desmond is stepping down after nearly five years in his role as the CEO of TransLink. He quits to seek new career challenges back home in the United States. The company is on lookout for a new CEO to take over the res...
Suncor Energy Inc (TSX: SU) Contemplates Sale of North Sea Oil and Gas Assets
October 21, 2020 01:03 PM EDT| By Team Kalkine MediaSuncor Energy plans to divest the 30,000-barrel-a-day Golden Eagle Area on the UK side of the North Sea. According to media sources, its assets could be valued at approximately US$ 500 million. The compa...
TELUS (TSX:T) Ranked As Canada’s Top Global Workplace By Forbes
October 21, 2020 01:00 PM EDT| By Team Kalkine MediaTELUS was ranked first among 25 Canadian companies and 40th among 750 global corporations in Forbes World’s Best Employers 2020 list. Celebrating the success, TELUS International president and CEO Jeff Puritt said the company is &ldq...
Canada’s Annual Inflation Rate Climbed 0.5% YoY In September, Says StatCan
October 21, 2020 12:59 PM EDT| By Team Kalkine MediaThe acceleration in Canada’s annual inflation remained around 0.1 per cent year-over-year (YoY) in August and July. According to the Statistics Canada report, prices climbed for six out the eight major components of the consumer pric...
Coronavirus’ impact on global economy: Are US & China out of the woods?
October 21, 2020 09:12 AM EDT| By Kunal SawhneyThe Covid-19 pandemic has proliferated with startling pace worldwide. Affecting millions and dragging the global economy to almost a cessation, the pandemic had all the countries imposing strict controls on several movements, to stop the spre.....
Why did WeWork fall?
October 21, 2020 09:10 AM EDT| By Edita IvancevicEveryone has heard of WeWork at some stage – maybe they applied for jobs, saw their vibrant offices and millennials that work there, or have heard about the WeWork job affair from the end of last year. With almost 800 offices across all cont.....
Why is the Department of Justice filing an antitrust suit against Google?
October 21, 2020 07:09 AM EDT| By Edita IvancevicAfter years of thorough investigations and one published research held by the House Judiciary Committee, an antitrust suit against Google (NYSE:GOOGL) has come through late at night local time on 19 October. The Department of Justice is currently .....
General Motors Resurrects Hummer As a 350 Miles EV Avatar, Goes Head-on with Tesla’s Cybertruck
October 21, 2020 02:55 AM EDT| By Team Kalkine MediaGeneral Motors is all set to hit the EV market once again with its recent launch of Hummer EV – a progeny of gas-guzzling military-style SUV that the Company acquired in 1998. General Motors would now bring-in a new prototype of the beast mod.....
NetApp eyes Cloud services, ONTAP Software updated
October 21, 2020 02:00 AM EDT| By Team Kalkine MediaSummary: NetApp, Inc has announced a further improvement in its cloud-connected NetApp® ONTAP® data management software. The Company also declared a better flexible NetApp Keystone™ Flex Subscription service along with a new NetApp...
Healthcare & Technology Stocks Drag TSX Composite Lower
October 20, 2020 10:11 PM EDT| By Team Kalkine MediaHealthcare, technology and consumer non-cyclicals stocks dragged the S&P/TSX Composite Index marginally lower to 16,273.26 on Tuesday. The losses were partially offset by the gains bagged by basic materials, energy and real estate stocks. At the...
Algonquin Power (TSX:AQN) & Inter Pipeline (TSX:IPL): 2 Utilities Stocks To Explore
October 20, 2020 01:20 PM EDT| By Team Kalkine MediaSummary To provide relief to struggling energy and utility companies, the Alberta government has announced a three-year tax break for the producers drilling wells or constructing pipelines in the province. Algonquin stock has rebounded almost 4.....
Strongest September on Record for Canadian Home Prices
October 20, 2020 12:34 PM EDT| By Team Kalkine MediaData posted by the Teranet-National Bank Composite House Price Index show home prices rose 1.1 per cent in September from August. Canadian home prices saw across-the-board monthly gains in September, with...
US Justice Dept to Sue Google, Facebook, Apple & Amazon in Antitrust Case
October 20, 2020 12:32 PM EDT| By Team Kalkine MediaThe United States Justice Department is set to sue Google and three other tech titans -- Facebook Inc, Apple Inc, and Amazon Inc – for misusing their power my to hinder competitive threats. The laws...
PIMCO (TSX: PGI.UN) Raises Over C$ 368 Million From IPO
October 20, 2020 12:31 PM EDT| By Team Kalkine MediaPacific Investment Management Company LLC (PIMCO) announced the closing of its initial offering (IPO) on Tuesday, October 20, having raised C$ 368.8 million. The initial cash allocation will be payable on 31 D...
Air Transat (TSX:TRZ) Lays Off Over More Staff, Shuts Down Vancouver Base
October 20, 2020 12:30 PM EDT| By Team Kalkine MediaAir Transat closed its Vancouver base as a stop gap measure and laid off some 128 flight attendants around mid-October. Post layoff, the airline has only 117 flight attendants left for the month of November, down from 245 in October. Air...
SoftBank Collects C$20Bn from Shareholders for Its New Equities Trading Arm
October 20, 2020 12:29 PM EDT| By Team Kalkine MediaRenewing its commitment to the public equities trading arm, SoftBank has increased its equity position to more than C$20 billion, said media reports. The report said that the Japanese conglomerate has been buying out-of-the-money call opti...
Brookfield (TSX:BAM) Likely to Sell its Life-sciences Real Estate Portfolio
October 20, 2020 12:26 PM EDT| By Team Kalkine MediaBrookfield Asset Management Inc intends to sell approximately 2.3 million square feet of life-sciences real estate, as per media reports. The company is reportedly seeking about US$3 billion for the asset. There has been no official confi...
How Will Failed International Tax Talks Impact Global Economy?
October 20, 2020 09:11 AM EDT| By Kunal SawhneyOECD, on 12 October 2020, stated that the global economy could witness a loss of 1% in total output if international tax talks do not take shape immediately. In June 2020, when the US pulled out of global digital tax talks, there were increased con.....
Bank Of Canada Survey Shows Business Sentiment Is Better But Still Weak
October 20, 2020 07:44 AM EDT| By Team Kalkine MediaBusiness sentiment has progressed in the light of COVID-19 restrictions being phased out, but remains weak in all provinces, said the Bank of Canada’s (BoC) 2020 Autumn Business Outlook Survey. Released on Monday, October 19, the autumn surve.....
Royal Caribbean International Cancels Sailings Onboard Odyssey of the Seas
October 20, 2020 05:29 AM EDT| By Team Kalkine MediaTravel has been one of the hardest-hit industries in the wake of coronavirus crisis. With lockdown and travel restrictions implemented everywhere, the travel industry has experienced an unprecedented decline in demand all of a sudden. &nb.....
