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What Are PM Trudeau’s Plans For Canadian Economy Amid Looming Second COVID Wave?
September 25, 2020 02:11 AM EDT| By Team Kalkine MediaLast month, Prime Minister Justin Trudeau had suspended the Parliament with the promise of returning with an ambitious legislative plan to battle the pandemic and revive Canada’s economy. On Wednesday, September 23, he finally laid out his pl.....
Bombardier and Blackberry: 2 Trending Stocks on TSX under C$7
September 24, 2020 11:10 PM EDT| By Team Kalkine MediaThe coronavirus pandemic-led market crash has upended the stock markets. Nearly seven months after the pandemic struck, companies are still trying to get back on their feet. While some sectors – especially gold and tech stocks – managed.....
Materials and Real Estate Sectors Pull TSX Composite Higher
September 24, 2020 10:10 PM EDT| By Team Kalkine MediaThe broader equity index of the Canadian market, TSX Composite, offset some of the losses it accumulated in Thursday’s (September 24) trading session and settled ~ 95 points or 0.60% higher at 15,912.26. The gain was due to increase in the mate...
EW Scripps to acquire ION Media in US$ 2.65 billion-deal backed by Warren Buffett
September 24, 2020 09:55 AM EDT| By Team Kalkine MediaMedia group EW Scripps will buy ION Media in US$ 2.65 billion-deal backed by Warren Buffett’s Berkshire Hathaway Inc. As per reports, Berkshire will make a US$ 600 million preferred-equity investment in Scripps to finance the purchas...
Canada July payroll figures out, average weekly earnings at $1,118.40
September 24, 2020 09:40 AM EDT| By Team Kalkine MediaThe July average weekly earnings went up eight per cent in 12 months to $1,118.40. Total employees getting pay or other benefits from their employers rose by 5.1 per cent to 739,700. Hourly-paid employees, who earn significantly less than...
Auto Parts Manufacturer Hematite Holdings Inc Seeks Bankruptcy Protection
September 24, 2020 09:35 AM EDT| By Team Kalkine MediaThe Canada-based auto-parts manufacturer sought bankruptcy protection in both US and Canada. Hematite’s business was impacted by the coronavirus pandemic. On September 23, an American judge ruled that Hematite can access into US$6 m...
Horizons ETFs announces quarterly dividend for some ETFs
September 24, 2020 09:32 AM EDT| By Team Kalkine MediaThe dividends will be paid in cash or dividend reinvestment plan (reinvesting in additional units of the applicable ETF) on October 13, 2020. Horizons Active Emerging Markets Dividend ETF (TSX: HAJ) is C$0.05232 and yields 1.84%. Horizons...
Vecima Networks reports Q4 2020 results
September 24, 2020 09:30 AM EDT| By Team Kalkine MediaVecima (TSX: VCM) posted revenue of C$ 26.1 million in Q4, up from C$ 20.7 million same quarter last year. Net loss narrowed to C$ 1 million in the latest quarter, from C$ 3 million in Q4 2019. Vecima focuses on providing hardware and sof...
COVID-19 vaccine Race: Johnson & Johnson Initiates Global Phase 3 Clinical Trial on 60k Volunteers
September 24, 2020 08:09 AM EDT| By Team Kalkine MediaThe COVID-19 vaccine prospects have intensified with Johnson & Johnson (NYSE:JNJ) disclosing the commencement of its Phase 3 clinical trial (ENSEMBLE) as a COVID-19 vaccine candidate. JNJ’s candidate is the fourth candidate which is under.....
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Escalating US-China Spat: No End in Sight
September 24, 2020 07:09 AM EDT| By Team Kalkine MediaAt the time when the entire world is collectively fighting the battle against the Global Virus Crisis, the world’s two largest economies are busy settling their scores on COVID-19 origin, technology sharing and human rights abuses grounds. By.....
Fortis CEO Barry Perry to retire, David Hutchens named successor
September 23, 2020 12:10 PM EDT| By Team Kalkine MediaMr Perry will retire from Fortis and its Board on 31 December 2020. In his 20-year-stint at the organisation, Mr Perry served as President, Vice President, Finance and Chief Financial Officer. Mr Hutchens was appointed Chief Operating Officer o.....
Canadian natural resources real GDP falls 10.8% in second quarter
September 23, 2020 12:08 PM EDT| By Team Kalkine MediaThis is the fourth consecutive quarterly decline, said Statistics Canada. Real GDP of minerals and mining subsector declined 14.2%, forestry dropped 10.1%, and hunting, fishing and water down 7.0%. The Q2 decline is the steepest quarter decrease .....
‘Rogue’ Shopify employees steal 100+ merchants’ data
September 23, 2020 12:02 PM EDT| By Team Kalkine MediaThe two ‘rogue’ employees worked with the Shopify support team. The incident has exposed data of consumers shopping on Shopify platform web stores, including card numbers etc. The e-commerce giant’s shares slipped over one per c.....
Aurora Cannabis revenue drops in fourth fiscal quarter 2020
September 23, 2020 12:00 PM EDT| By Team Kalkine MediaAurora Cannabis Inc (TSX: ACB) net revenue for fourth quarter of fiscal 2020 (ended June 30, 2020) C$ 72.1 million, down five per cent from the prior quarter. Cannabis net revenue C$ 67.5 million in Q4 2020, down three per cent Q-o-Q. Med...
Just one in three Canadian SMBs back to pre-pandemic sales level
September 23, 2020 10:04 AM EDT| By Team Kalkine MediaAbout 29 per cent small- and medium-sized businesses (SMBs) are back to “normal or better” sales in September, says the Canadian Federation of Independent Business. Over 2/3rd haven’t returned to full sales in last six months. A.....
What made NASDAQ and Apple Share Price turn the corner?
September 23, 2020 08:50 AM EDT| By Team Kalkine MediaWith the outbreak of COVID-19, the performance of the stocks, globally gave an impression of being knocked with a hammer. March was one of the historic months that experienced tumbling down of financial market. In the COVID-19 pandemic era, techno.....
Will the acceptance of bitcoin grow due to the pandemic?
September 23, 2020 06:51 PM AEST| By Team Kalkine MediaAs global banks suffered a massive plunge due to the coronavirus pandemic, digital assets have been categorised as attractive, as they are immune to the current business affairs. ALSO READ: Cryptocurrency Trading on the Rise, Bitcoin Again Crosses.....
TSX Gains 1.01% After Four Days of Losses
September 22, 2020 11:00 PM EDT| By Team Kalkine MediaAfter four straight days of losses, key Canadian equity gauge TSX Composite rose 1.01% to 16,142.89. A total of 152 stocks rose and 67 fell as a 2.3-to-1 ratio favoured advancers. Despite a reversal on the daily price chart, the index ended below it...
Suncor Energy (TSX:SU) and Enbridge (TSX:ENB): 2 Trending Energy Stocks
September 22, 2020 08:59 PM EDT| By Team Kalkine MediaSummary The global oil and gas industry took a big hit due to the commodity price crisis and pandemic crisis this year. Stocks of energy companies such as Suncor Energy (TSX: SU) and Enbridge (TSX: ENB) remain popular among investors. Suncor s.....
Stock Market Crash 2.0: Where to Safely Park Your Investments?
September 22, 2020 08:50 PM EDT| By Team Kalkine MediaSummary Canada’s economic recession along with recent uncertainty in global equity markets has created fears of another stock market crash. Most industries suffered in the COVID-led March market crash, but tech and gold stocks escaped uns.....
