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Canada’s Parliamentary budget officer calls for rise in federal carbon tax
October 08, 2020 01:08 PM EDT| By Team Kalkine MediaBudget officer Yves Giroux said that the federal carbon tax needs to go up to meet Canada’s emission-reduction targets. The carbon tax is rise by C$ 50 / tonne of emissions by 2022. PBO says tax needs to rise by C$ 117/tonne by 2030...
Cash-strapped Air Canada raises nearly C$ 500 Million
October 08, 2020 01:08 PM EDT| By Team Kalkine MediaThe carrier raised the amount by selling and leasing nine Boeing 737 Max 8s Nine Boeing aircraft were sold for C$ 485 million, said the Montreal-based airline. About C$ 458 million raised via long-term lease commitments. The airline has...
Canada & Ontario govt to fund mass production of EVs in Ford's Oakville facility
October 08, 2020 01:07 PM EDT| By Team Kalkine MediaThe governments will contribute over C$ 250 million for produce electric vehicles and its batteries. This funding is a part of a three-year agreement worth C$2 billion announced in September between Ford and autoworkers union Unifor. Oakv...
Netflix Canada hikes monthly plan prices
October 08, 2020 01:06 PM EDT| By Team Kalkine MediaStandard monthly plan will be available C$ 14.99 and the premium plan for C$ 18.99. No changes implemented in basic plan, which is still available at C$ 9.99/month. Existing subscribers informed about the changes in pricing 30 days ahead...
TSX gains 0.59% in early trade
October 08, 2020 01:06 PM EDT| By Team Kalkine MediaS&P/TSX Composite Index gained 96.46 points to touch 16,524.76 during Thursday morning trade. Health care and Energy gained the most, up 5.76% and 1.95% Quarterhill, Bausch Health, and Aphria stocks were the top percentage gainers. ....
Enbridge (TSX:ENB), Pembina (TSX:PPL) & Keyera: 3 Dividend Stocks from Energy Sector
October 08, 2020 11:04 AM EDT| By Team Kalkine MediaSummary Income-loving investors have shown interest in dividend-paying TSX stocks such as Enbridge Inc, Pembina Pipeline and Keyera Corp. All the three stocks are from energy sector and have attractive dividend yields. Although the Canadian en.....
Pandemic-Hit Air Canada (TSX:AC) and WestJet Stocks Await Financial Aid
October 08, 2020 09:08 AM EDT| By Team Kalkine MediaSummary The Canadian airlines’ operations and financial reports have been severely impacted due to COVID-19. Air Canada’s (TSX:AC)) revenue decreased by 89 per cent year-over-year. Private equity investments of ONEX Corporation (TS.....
Bill Gates on COVID: Wait Till Late 2021 to Lead Good Old Times
October 08, 2020 03:48 AM EDT| By Team Kalkine MediaAmid the prolonged COVID-19 pandemic, many have become habitual of the new ways of living. Number of people have been working from home since long, becoming dependent on digital platforms for socialising, shopping online, making paym.....
Trump's casual attitude towards Covid-19 guidelines raises many eyebrows
October 07, 2020 10:56 PM EDT| By Team Kalkine MediaAt the backdrop of Covid-19 pandemic and rising tension between the US and China, the US presidential election in the year 2020 is not the usual one. However, the problems have not deterred President Trump. Despite diagnosed with the COVID-19 virus.....
TSX Composite up 1.18%, Canopy Growth & Sleep Country Canada top gainers
October 07, 2020 10:12 PM EDT| By Team Kalkine MediaThe key Canadian benchmark index Wednesday settled on a higher note at 16428.30 up 192.17 points or 1.18%. On the daily price chart, TSX Composite Index hovering in a bullish price zone. At closing, the index traded above its crucial short-term as we...
Indebted Canadian companies are shoring up balance-sheets: Study
October 07, 2020 01:20 PM EDT| By Team Kalkine MediaBusiness Development Bank of Canada (BDC) study explains Canadian entrepreneurs are aiming to improve by decreasing operating costs and enhancing cash flow. The study shows MSMEs were hit harder by the pandemic, with 76 per cent report...
Fossil fuel companies hide their carbon forecasts from investors
October 07, 2020 01:20 PM EDT| By Team Kalkine MediaFossil fuel companies have avoided providing investors carbon-dioxide emissions data. Exxon Mobil Corp, which is set to release earnings data and production forecast data, has never made announcements related to its greenhouse gases em...
Canada Revenue Agency introduces three new temporary income aid
October 07, 2020 01:19 PM EDT| By Team Kalkine MediaCRA’s three new income support schemes are the Canada Recovery Benefit (CRB), the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB). Applications for CRSB and CRCB are now live; CRB application...
Health Canada nods first antigen rapid test for COVID-19
October 07, 2020 01:19 PM EDT| By Team Kalkine MediaCanada to buy more than 20 million of the rapid antigen tests for COVID-19. This order comes a week after Health Canada approved the use of another rapid test from Abbott Diagnostics in the United States. Canada has also signed a deal wit...
Pioneer Power (NASDAQ:PPSI) & Ocean Power Technologies (NASDAQ:OPTT): 2 US Stocks Under C$5
October 07, 2020 09:35 AM EDT| By Team Kalkine MediaSummary Shares of Pioneer Power Solutions surged 205 per cent on Tuesday. Stocks of Ocean Power Technologies, which focuses on harnessing energy from ocean waves, jumped 107 per cent in the second week of October. Ocean Power Technologies rece.....
3 Canadian Penny Stocks To Watch: Kodiak, CloudMD and Nano One Materials
October 07, 2020 01:42 AM EDT| By Team Kalkine MediaSummary Penny stocks’ attractive pricing and potential high returns may look appealing to investors. However, these stocks are highly volatile and risky in nature. Investors must do a proper background check for penny stocks. We look at .....
Why has John McAfee been arrested?
October 07, 2020 01:03 AM EDT| By Edita IvancevicJohn David McAfee, a famous computer programmer and founder of McAfee antivirus software, was arrested in Spain yesterday after being accused of several felonies by the US authorities. Mr McAfee had been accused of evading tax, after earning milli.....
Take away from 1st US Presidential Debate, effect on ASX stocks?
October 07, 2020 12:44 AM EDT| By Team Kalkine MediaAhead of the crucial elections in the US, President Donald Trump and his Democrat opponent Joe Biden indulged in the first edition of debate on 29 September 2020 in Ohio. Nevertheless, the debate soon turned out to be a chaotic dispute featuring po.....
TSX Composite Ends 3 Days of Winning Streak, Declines 1.06%
October 06, 2020 10:41 PM EDT| By Team Kalkine MediaThe TSX Composite index settled lower after the three consecutive days of gains, declining by ~174 points or 1.06% at 16,236.13. The index again traded below its crucial short-term support level of 50-day Simple Moving Average (SMA). However, it is t...
5 Industries That Boomed During The COVID Pandemic
October 06, 2020 12:20 PM EDT| By Team Kalkine MediaSummary Most industries suffered substantial damages under the impact of the COVID-19 pandemic earlier this year. But it was “good times” for some businesses. Companies dealing in cleaning supplies, online games, home gym equipm.....
