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Canada GDP up 3% in July
September 30, 2020 09:00 AM EDT| By Team Kalkine MediaCanada’s real gross domestic product (GDP) grew 3.0% in July, after 6.5% increase in June, said Statistics Canada. The figures are still about 6% below the pre-pandemic level in February. The national statistics agency expects an ap...
How are developing world economies preparing for COVID-19 vaccine deployment and testing?
September 30, 2020 05:07 AM EDT| By Team Kalkine MediaThe ongoing COVID-19 pandemic has affected nearly 33.25 million individuals, including ~1 million deaths, as reported to the WHO as of 5:08 PM CEST on 28 September 2020. Many healthcare companies are engaged in the development of vaccines, treatmen.....
TSX Composite slumps by 31 points
September 29, 2020 10:11 PM EDT| By Team Kalkine MediaNorth American markets declined on Tuesday in the wake of spiking Coronavirus infection cases that poses a threat on the global economic recovery. After three straight days of winning streak, Canada’s benchmark S&P/TSX Composite skidded ~31...
Get, Set, Ready: Palantir (NYSE:PLTR) And Asana (NYSE:ASAN) Are About To Go Public
September 29, 2020 06:00 PM EDT| By Team Kalkine MediaTech unicorn Palantir Technology’s (NYSE: PLTR) big day is here. This controversial big data firm is set to go debut on the New York Stock Exchange (NYSE) on Tuesday, September 29. A day later, workplace collaboration app Asana – anothe.....
Canada’s federal deficit to hit C$ 328.5 billion in 2020
September 29, 2020 10:09 AM EDT| By Team Kalkine MediaBudget officer Yves Giroux said that Canada federal deficit is due to an estimated C$ 225.9 billion pandemic aid. In July, PM Justin Trudeau-led government has said that the deficit would be C$ 343.2 billion. The parliamentary budget offi...
Bombardier establishes customer service centre in Europe
September 29, 2020 10:06 AM EDT| By Team Kalkine MediaAs per share purchase agreements with Lufthansa Technik AG and ExecuJet Aviation Group AG, Bombardier (TSX: BBD) will acquire the issued and outstanding shares of Lufthansa Bombardier Aviation Services (LBAS). This will enable Bombardier t...
More organizations plan to freeze salaries in 2021: Survey
September 29, 2020 10:04 AM EDT| By Team Kalkine MediaThe survey, conducted by human resources consulting firm Morneau Shepell, said 13 per cent of 889 organizations plan to freeze pay. The firm earlier estimated 36% organizations froze their salaries in 2020 due to the pandemic. Alberta pro...
Quebec restricts movement amid resurgence of COVID cases
September 29, 2020 10:02 AM EDT| By Team Kalkine MediaQuebec enforced new lockdown measures to curb the second wave of COVID-19 pandemic in Montreal and Quebec City. Bars and restaurants have been ordered shut and guests in private homes banned. The partial lockdown will in place from Octobe...
Royal Bank of Canada’s Mark Chandler set to retire
September 29, 2020 10:00 AM EDT| By Team Kalkine MediaThe dean of Toronto’s trading floors will leave the RBC by October-end after a 20-year-stint at the bank. He is retiring as the head of Canadian fixed income and currency strategy at RBC Capital Markets. Chandler also worked as an e...
Piedmont Lithium (NASDAQ:PLL) and WestWater (NASDAQ:WWR): 2 Mining Stocks To Watch Out This Week
September 29, 2020 10:00 AM EDT| By Team Kalkine MediaMining stocks rallied this week after the announcement of a contract between Elon Musk’s Tesla Inc (NASDAQ: TSLA or TSLA: US) and Australian company Piedmont Lithium. The S&P/TSX Global Base Metals index, with 27 constituents, is up 12.56.....
Mr Trump’s latest affair is not doing him any favours
September 29, 2020 06:53 AM EDT| By Edita IvancevicSince the last presidential election held in the US back in 2016, controversies from the current American President Donald Trump have not stopped flooding the news articles on every media outlet. Trump’s newest affair revealed by the globall.....
Uber Remains Available in London, Licence Granted for 18 Months
September 29, 2020 06:11 AM EDT| By Edita IvancevicUber has secured a new licence to operate in London, after a court ruled in favour of the ride hailing service in an appeal against Transport for London (TfL). With a number of conditions, the licence has been granted for a period of 18 months. &nb.....
Amazon Prime Day event on October 13-14
September 29, 2020 02:18 AM EDT| By Team Kalkine MediaAmazon aims to kick off the holiday season shopping with the two-day annual shopping event. The much-awaited sale event offers exclusive deals and new product, etc for its Prime members. In 2019, Prime Day was held in mid-July, but the pa...
TSX Composite Starts The Week On A Positive Note
September 28, 2020 11:11 PM EDT| By Team Kalkine MediaCanadian equity market started the week on a positive note as S&P/TSX Composite Index rose ~177 points to 16,242.81 on Monday (28 September 2020). Barring healthcare, all other sectors closed in green. Real Estate and Consumer Cyclicals were the...
5 Unicorn Tech IPOs To Watch Out In 2020: Airbnb, Ant Group, Palantir, Robinhood & Asana
September 28, 2020 10:30 AM EDT| By Team Kalkine MediaSummary After a gloomy start to 2020, stock markets are readying to usher in a series of initial public offerings (IPOs). Some of these highly anticipated IPOs include tech unicorns Airbnb, Ant Group, Palantir, Robinhood and Asana. Despite the.....
WestJet and Air Canada: 2 Popular Airline Stocks on TSX
September 28, 2020 08:33 AM EDT| By Team Kalkine MediaSummary The coronavirus outbreak and the accompanying travel restrictions threw a deep impact on airline companies worldwide. Despite financial losses and COVID-related operational setbacks, Canada’s top air carriers Air Canada (TSX: AC) .....
Global tech major Microsoft strengthens its ties with Telstra
September 28, 2020 08:26 AM EDT| By Team Kalkine MediaWorld's leading technology giant Microsoft Corporation (NASDAQ:MSFT), and Australia's leading telecommunications company Telstra Corporation Limited (ASX:TLS) are focusing on fast-tracking the development and unveiling of various cloud-based servic.....
Canada July export trade numbers out
September 28, 2020 08:22 AM EDT| By Team Kalkine MediaThe total number of exporting enterprises rose 2.2% month-over-month to reach 18,946. However, the figures are still down 7.1% as compared with pre-pandemic levels in February. The number of large-sized exporters posted most relative grow...
Ballard Power to collaborate with MAHLE
September 28, 2020 08:20 AM EDT| By Team Kalkine MediaBallard Power Systems (TSX: BLDP) will collaborate with MAHLE for development of zero-emission fuel cell systems in heavy and medium duty commercial trucks. MAHLE is a leading international product supplier to commercial vehicles and autom...
Inter Pipeline to acquire Milk River from Plains All American
September 28, 2020 08:12 AM EDT| By Team Kalkine MediaAs per the deal details, Plains All American Pipeline will sell its Milk River pipeline system to Inter Pipeline (TSX: IPL). In return, the American pipeline will pay Inter $35 million in cash, attain full ownership of Empress II and...
