AUS
NZ
UK
CA
USA
IND
News
TSX Composite Ends The Week In Green
October 02, 2020 11:00 AM EDT| By Team Kalkine MediaThe leading Canadian benchmark index ended slightly higher on Friday, October 2, up ~14 points or 0.09 per cent to close at 16,199.25. The current dividend yield on the TSX stood at ~3.61% on an annualized basis. (Five-day daily price chart...
Cannabis contributes over C$ 9.6 billion to Canada's GDP in July 2020
October 02, 2020 10:10 AM EDT| By Team Kalkine MediaThe figures are up 19 per cent from July last year, shows data from Statistics Canada. The legal cannabis market's contribution to GDP went up around 54 per cent in the same time frame. Data shows that the pot industry black marke...
Air Canada orders 25,000 rapid COVID-19 testing kits
October 02, 2020 10:02 AM EDT| By Team Kalkine MediaThe Canadian airlines has ordered the first batch of testing kits that can detect the virus within five minutes. The initial lot will be for employees who volunteer for testing. The rapid-testing experiment began on September 3 and over 1...
TSX Composite Ended in Green on October 1, 2020.
October 01, 2020 10:00 PM EDT| By Team Kalkine MediaThe leading benchmark index of the Toronto Stock Exchange, TSX Composite ended higher after two consecutive days of negative settlement. The index was up ~63 points or 0.39% to 16,184.54. On the TSX, 161 stocks rose and 59 fell as a 2.7-to-1 ratio fa...
JPMorgan pays $920 Million to settle the US Justice Department and CFTC Probe
October 01, 2020 08:00 PM EDT| By Team Kalkine MediaOne of the largest banks in the United States, JP Morgan Chase was found engaged in placing manipulative trades in the secondary market, which consists of futures tied to precious metals and Treasury bonds. JP Morgan has been asked to pay a fine of.....
Both Donald And Melania Trump Tested Positive For Coronavirus
October 01, 2020 03:20 PM EDT| By Team Kalkine MediaIn his most recent tweet, the US President Donald J. Trump announced that both him and his wife Melania Trump contracted COVID-19. After Mr Trump’s close adviser Hope Hicks revealed her positive coronavirus test, the President revealed that .....
Yield and Liquidity Farming - Tools to Generate Alpha in the Crypto Space
October 02, 2020 03:55 AM AEST| By Team Kalkine MediaDeFi or decentralised finance is the new talk of the town with the disruptive application of the blockchain technology keeping the cryptocurrency ablaze in the market. Blockchain technology is behind almost every DeFi application in the market place...
Google sets aside US$1 billion+ for news content publishers
October 01, 2020 12:00 PM EDT| By Team Kalkine MediaThe search giant will pay select media outlets to display content on its news app. The billion dollar-payout will be spread across three years, and will be later extended, said Google in a statement. Google has often been accused of unfairly lift.....
Canada Infrastructure bank to invest C$10 Billion to create jobs
October 01, 2020 12:00 PM EDT| By Team Kalkine MediaThe aim of the project is to create 60,000 jobs in priority areas for COVID and fight climate change. About C$ 1.5 billion will be diverted to agricultural infrastructure in Western Canada Nearly C$ 2 billion will invested in broadband pl...
Canopy Growth to introduce cannabis beverages in US
October 01, 2020 12:00 PM EDT| By Team Kalkine MediaThe pot firm will launch THC-infused beverages in the US market. The Ontario-based form will sell the drinks in California and Illinois from 2021. They’ll be available in dispensaries and in liquor and retail locations (if legally permissib.....
Oil price plummets over OPEC supply fears
October 01, 2020 12:00 PM EDT| By Team Kalkine MediaOil hit the lowest point in two-weeks over uncertainties around US stimulus, second virus wave fears and rising supply from OPEC+ producers. Futures in New York lost 6.5 per cent on Thursday. Brent Futures slid US$1.91 to US$40.39 a barrel. ...
Google sets aside US$1 billion+ for news content publishers
October 01, 2020 11:06 AM EDT| By Team Kalkine MediaThe search giant will pay select media outlets to display content on its news app. The billion dollar-payout will be spread across three years, and will be later extended, said Google in a statement. Google has often been accused of unfai...
Canada Infrastructure bank to invest C$10 Billion to create jobs
October 01, 2020 11:04 AM EDT| By Team Kalkine MediaThe aim of the project is to create 60,000 jobs in priority areas for COVID and fight climate change. About C$ 1.5 billion will be diverted to agricultural infrastructure in Western Canada Nearly C$ 2 billion will invested in broadband pl...
Canopy Growth to introduce cannabis beverages in US
October 01, 2020 11:02 AM EDT| By Team Kalkine MediaThe pot firm will launch THC-infused beverages in the US market. The Ontario-based form will sell the drinks in California and Illinois from 2021. They’ll be available in dispensaries and in liquor and retail locations (if legally p...
Oil price plummets over OPEC supply fears
October 01, 2020 11:00 AM EDT| By Team Kalkine MediaOil hit the lowest point in two-weeks over uncertainties around US stimulus, second virus wave fears and rising supply from OPEC+ producers. Futures in New York lost 6.5 per cent on Thursday. Brent Futures slid US$1.91 to US$40.39 a barre...
TSX Composite Posts Steep Losses in September, First Drop Since March
September 30, 2020 10:11 PM EDT| By Team Kalkine MediaCanada's leading S&P/TSX Composite Index posted sharp monthly losses, plunging 2.38% in September. This is the first negative monthly close since the market’s free fall in March, which was led by lockdown and pandemic containment measures....
AstraZeneca Share Price Topples as FDA Widens its Inquiry on COVID-19 Vaccine
September 30, 2020 10:00 PM EDT| By Team Kalkine MediaShare price of British-Swedish multinational pharma and biotech company AstraZeneca Plc (LON:AZN) tumbled by 0.56% to close the market at US$54.80 on 30 September 2020. The U.S. Food and Drug Administration (FDA) is still to give approval to Astra.....
TC Energy signs deal with Indigenous group for ownership stake in Keystone XL project
September 30, 2020 09:12 AM EDT| By Team Kalkine MediaThe Calgary-based energy company signed an MoU with the Natural Law Energy. Through this deal, indigenous communities will be given a chance for ownership in the Keystone XL pipeline project, said TC Energy in a statement. Natural Law rep...
Liberals survive as COVID-19 recovery benefits get unanimous support
September 30, 2020 09:06 AM EDT| By Team Kalkine MediaThe House of Commons unanimously passed the COVID-19 legislation in an overnight confidence vote. The new bill has proposed three new streams of federal benefits for those rendered unemployed and underemployed due to the pandemic. The C$...
Canada’s tourism spending drops by 66.3% in second quarter
September 30, 2020 09:04 AM EDT| By Team Kalkine MediaThe tourism spending dropped by C$ 7.0 billion due to the continued travel restrictions and social distancing measures in Canada, said Statistics Canada. The figures are more than four times higher than the first quarter dip of 14.3%. The...
