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Laurentian Bank Reports C$36.2 million Profit in Q3
September 05, 2020 01:11 PM EDT| By Team Kalkine MediaMontreal-based Laurentian Bank of Canada’s (TSX: LB) third quarter results posted revenue of C$248.6 million, up 2 per cent from the C$244.7 million revenue in third quarter 2019. Its provision for credit losses were at C$22.3 millio...
Great Canadian Gaming to Reopen Casinos in Ontario and New Brunswick on Sept 28
September 05, 2020 01:08 PM EDT| By Team Kalkine MediaGreat Canadian Gaming Corp (TXS: GC) has announced that it will reopen 11 of its outlets in Ontario and the Casino New Brunswick property on September 28. The gaming and hospitality company will allow up to 50 guests inside at a given poin...
Walk Through Three Legendary US Businesses- Coca-Cola, Dow Inc, IBM
September 05, 2020 12:43 PM EDT| By Team Kalkine MediaIn a dismal year of businesses, a handful of US companies have truly outshone, rising to the challenge imposed by the coronavirus pandemic. Contemporary American businesses have demonstrated exceptional ways to address humanitarian and business nee.....
Employment Rises by 1.4% in August, Says Latest Labour Force Survey
September 05, 2020 12:00 PM EDT| By Team Kalkine MediaThe latest Statistics Canada report shows 246,000 jobs were added in August, as compared to 419,000 in July. The rate of employment has risen faster among women (at 1.8 per cent with 150,000 positions) as compared to that among men (at 1 p...
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Market Extended Loss on Friday
September 04, 2020 11:00 PM EDT| By Team Kalkine MediaS&P/TSX Composite Index, leading Canadian benchmark index extended its loss on Friday and declined 1.4% or 230.88 points. The index closed the day at 16,218.01 on September 4, 2020. Investors continued to dump the tech stocks on Friday followed b...
Home Sales Hit Record High in Greater Toronto Area for August, Up 40%
September 04, 2020 08:08 PM EDT| By Team Kalkine MediaThe Toronto Regional Real Estate Board (TRREB) said the price of the houses are higher than compared to last year. It reported a sale of 10,775 houses in August 2020, up from 7,682 in August 2019. The average price of a house was C$951,40...
TSX Trading Volumes Up in August 2020
September 04, 2020 08:06 PM EDT| By Team Kalkine MediaThe volume of shares traded at all TMX equities marketplaces in August 2020 reached 13.8 billion, up from 11 billion in August 2019 by 25 per cent. At the Toronto Stock Exchange, the volume of shares traded in August 2020 was at 7.5 billio...
Stock Markets Plunge after Selloff in Tech Sector
September 04, 2020 08:06 PM EDT| By Team Kalkine MediaWhile six Canadian tech stocks, including those of BlackBerry and Shopify, dipped over 5 per cent on Thursday, 16 more were in the negative. Stocks of Apple, Facebook, Google and Netflix lost between 3.5 and 7.9 per cent in the US. The S&...
Bombardier, BlackBerry and Hexo: 3 trending stocks under C$8
September 04, 2020 05:30 PM EDT| By Team Kalkine MediaSummary Potential to return good yields in the long run continues to keep discounted shares in demand among investors. We look into three companies — Bombardier, BlackBerry and Hexo — that are currently trading under C$8. While Bla.....
TSX slides 31.24 points on Friday morning
September 04, 2020 04:00 PM EDT| By Team Kalkine MediaToronto Stock Exchange reported marginal fall of 31.24 points, hitting 16,417.65 at 9.42 am EDT. Health care and energy indices were down 0.2612% and 0.01276%, respectively, while financial was up by 1.0823%. Industrials and communication...
Swedish model during the coronavirus pandemic
September 04, 2020 10:10 AM EDT| By Edita IvancevicThe pandemic in Europe took a much bigger toll than in Australia. Most countries in the European Union (including the UK) had taken precautions and put countries in quarantine before it was too late. Also Read: When Will A Covid-19 Vaccine Be Avai.....
How is the US Election Race Faring? Does it impact your portfolio?
September 04, 2020 10:00 AM EDT| By Team Kalkine MediaThe US Presidential election is just two months away from now and all eyes are set on its outcome, which will have an impact all around the world. Just as the race between the Democratic nominee, Joe Biden and Republican nominee, President Donald T.....
COVID-triggered ‘She-cession’ Causes Hard Financial Times For Canadian Women
September 04, 2020 06:10 AM EDT| By Team Kalkine MediaThe COVID-19 pandemic has hit one and all in some way or another. However, statistics from various surveys show that women have been more exposed to the social and financial hurdles brought on by the pandemic than men. From loss of employment, unpa.....
What is Stock Split? Are Shopify, Alphabet & Amazon Heading Towards It?
September 03, 2020 11:11 PM EDT| By Team Kalkine MediaShopify, Alphabet and Amazon stock splits on the horizon? (Feature Image Source: Shopify) Summary Stocks of Silicon Valley giants -- Apple and Tesla – surged after their stock splits came into effect in August. Their success has prompted...
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Tech Tumble Sends Wall Street, Toronto Stock Exchange Into Reverse
September 03, 2020 11:11 PM EDT| By Team Kalkine MediaThe Canadian broader equity gauge, S&P/TSX Composite Index, ended its two-day winning streak on Thursday and plummeted 249.07 points or 1.49% to 16,448.90. Every constituent sector of the TSX Composite Index settled in red, with heavy technology...
United Airlines to furlough 16,370 workers from Oct 1
September 03, 2020 03:46 PM EDT| By Team Kalkine MediaAs many as 6,920 flight attendants from the Chicago-based airline will be laid off Staff union said 14000 workers will get no pay in October unless government extends aid. United Airlines had over 90,000 employees before March. ...
Altice USA & Rogers Communications team up to takeover telecom company Cogeco
September 03, 2020 03:46 PM EDT| By Team Kalkine MediaCable company Altice and Rogers jointly bid $10.3 billion for Cogeco Inc. and Cogeco Communications Inc Altice would get the US assets and Rogers will acquire Canadian assets if the deal comes through. Stiff opposition Gestion Audem, whic...
Vancouver housing market’s pandemic-recovery continues in August
September 03, 2020 03:45 PM EDT| By Team Kalkine MediaThe metro’s home prices rose in August at a benchmark price of C$ 1.04 million, said The Real Estate Board of Greater Vancouver. Home sales touched 3047 – nearly 20 % higher than the 10-year average for August. The sales were...
Airbnb turns down Bill Ackman's merger offer
September 03, 2020 03:45 PM EDT| By Team Kalkine MediaBill Ackman's special purpose acquisition company - Pershing Square Tontine Holdings Ltd - had sought to merge with home-rental site Airbnb. Airbnb turned down the offer and said it prefers an initial public offering. The blank-check comp...
TSX slides 21.95 points in early Thursday trade
September 03, 2020 02:00 PM EDT| By Team Kalkine MediaToronto Stock Exchange reported marginal fall of 21.95 points, hitting 16,676.02 at 9.42 am EDT. Financials and energy indices were up 1.58% and 0.98%, respectively, while health care was up by 0.87%. Industrials and communication service...
