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Canadian Western Bank (TSX: CWB) Net Income Down 7% YoY In Q4FY20
December 04, 2020 11:34 AM EST| By Team Kalkine MediaThe financial group’s net income was C$ 249 million for the year ended October 31, 2020, down 7 per cent YoY. In the fourth quarter of FY20, its net income attributed to common unitholders of was C$ 63 million, a rise of 2 per...
Crescent Point Energy (TSX: CPG) Announces 2021 Capital Expenditures
December 04, 2020 11:33 AM EST| By Team Kalkine MediaThe company expects capital expenditures to the tune of C$475 million to C$525 million for 2021, and annual average production guidance between 108,000 boe/day to 112,000 boe/day. The company is expected an excess cash flow of almost C$150...
US Mulling Resolution in Huawei CFO Case
December 04, 2020 11:32 AM EST| By Team Kalkine MediaThe U.S. Justice Department is reportedly mulling a resolution in the legal case against Huawei Technologies CFO Meng Wanzhou, currently in Vancouver. No terms have been agreed to resolve criminal charges against the 48-year-old CFO. Meng...
Laurentian Bank of Canada (TSX:LB) Q4 Revenue Marginally Up
December 04, 2020 11:32 AM EST| By Team Kalkine MediaIn the fourth quarter of fiscal 2020, the bank reported a net income of C$36.8 million. The lender delivered a return of 5.9 per cent on common stockholders' equity in Q4 FY20. The financial group registered a net income of C$114.1 millio...
Pembina Pipeline (TSX: PPL) Announces New Propane Export Facility in 2020 Sustainability Report
December 04, 2020 11:31 AM EST| By Team Kalkine MediaPembina Pipeline Corporation released its 2020 Sustainability Report on Thursday, December 3, outlining its performance since 2018 and future initiatives. Listed as one of the top 100 employers in Ca...
Canada Likely To Approve Pfizer-BioNTech COVID Vaccine In 7 to 10 Days
December 04, 2020 11:21 AM EST| By Team Kalkine MediaSummary Health Canada could approve Pfizer Inc’s COVID-19 vaccine in a week’s time, the health regulator said recently. The Canadian government has reserved a supply of more than 400 doses of COVID-19 vaccines from different brands......
Why Are EV Stocks Tesla & NIO Gaining Steam?
December 04, 2020 10:37 AM EST| By Kunal SawhneySummary The US-based Tesla concluded deliveries of nearly 139,300 EVs in the third quarter of 2020. Stocks of clean vehicle company led by Elon Musk is up over 615 per cent YTD. Chinese EV manufacturer NIO reported delivery of 5,291 EVs in Nov.....
Why Air Canada & Bombardier are among most active stocks on the TSX?
December 04, 2020 09:33 AM EST| By Kunal SawhneyStocks of Canadian airline Air Canada (TSX: AC) and transportation equipment maker Bombardier Inc (TSX: BBD.B) have been sailing among shares with high trading volume on the TSX for a while now. The value of these once-mighty stocks depreci.....
Cineplex (TSX:CGX) & Discovery (NASDAQ:DISCA): 2 Entertainment Stocks to Watch Out
December 04, 2020 05:31 AM EST| By Team Kalkine MediaSummary While the stocks of Cineplex Inc are down about 71 per cent this year, they grew by 104 per cent in November alone. Discovery Inc is set to join the populated landscape of online streaming domain from January next year. Discovery stock.....
Pfizer’s shares plunge after reports of cutting COVID-19 vaccine supply to half
December 03, 2020 11:16 PM EST| By Hina ChowdharyPfizer shares closed the day below 0.22% on Thursday after the news of supply chain challenges. According to several media reports, supply chain challenges forced Pfizer to cut its estimates by half for roll out of the COVID-19 vaccine. The compan.....
What is Oregon’s magic mushrooms program? How will it benefit people?
December 03, 2020 10:46 PM EST| By Edita Ivancevics for Measure 109, the whole program should be finalised in a two-year time frame. Exactly a month ago, Oregon became the first state in the US to legalise the usage of psychedelic mushrooms for psychiatric purposes. Psilocybin, a ‘magic&...
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S&P/TSX Edges Higher; Suncor, Canadian Natural and Aurora Most Active Stocks
December 03, 2020 05:02 PM EST| By Team Kalkine MediaThe broader equity benchmark of the Toronto Stocks Exchange edged higher again on Thursday, riding on a broad-based market rally as investors continued to digest November's solid gains and vaccine news. The S&P/TSX Composite index traded 39.81 po...
TD & CIBC Release Q4 Earnings Report, Stocks Trend On TSX
December 03, 2020 11:42 AM EST| By Team Kalkine MediaSummary The TD Bank Group and the Canadian Imperial Bank Of Commerce posted have their latest earnings report for the fourth quarter and fiscal year of 2020. The Toronto-Dominion Bank’s total revenues amounted to C$ 11.8 billion in Q4 FY2.....
Why Are LIZHI & WSP Stocks Soaring Today?
December 03, 2020 11:39 AM EST| By Kunal SawhneySummary LIZHI stock jumped by over 80 per cent while WSP Global gained over 10 per cent during early trade on Thursday morning. Chinese audio firm LIZHI stocks soared following its deal in-car audio deal with EV maker Xpeng Motors. WSP Global .....
Discovery (DISCA:US) Enters Online Streaming Service Business
December 03, 2020 09:33 AM EST| By Team Kalkine MediaThe US-based media company is entering the increasingly crowded streaming service domain with Discovery+. The non-fiction, real-life subscription streaming service will debut in the US on January 4, 2021. The global rollout of the service...
Goodfood Market Corp’s (TSX: FOOD) Hits 306,000 Subscribers Mark, Up 33% YoY
December 03, 2020 09:32 AM EST| By Team Kalkine MediaGoodfood Market Corp, popular online grocery firm, announced that it hit the 306,000-mark after adding 26,000 net new active subscribers in Q1 FY21. This indicates a 33 per cent increase in its active subscribers count as compared to Q1 FY...
Descartes Systems Group Inc (TSX: DSG) Revenues Up 5% YoY
December 03, 2020 09:31 AM EST| By Team Kalkine MediaIn the third quarter of fiscal 2021, the software company registered revenues of US$ 87.5 million, an increase of five per cent year-over-year compared to US$ 83 million in Q3 FY20. The amount was also up four per cent quarter-over-quarter....
Fairfax Financial Holdings (TSX: FFH) To Sell RiverStone Europe to CVC Capital
December 03, 2020 09:30 AM EST| By Team Kalkine MediaFairfax announced on Wednesday, December 2, that it has signed a binding agreement with CVC Capital Partners. The agreement, it said, requires Fairfax to sell all of its stakes in RiverStone Europe to CVC Strategic Opportunities Fu...
Toronto Home Sales Up 23.3% YoY, But Down 17% MoM
December 03, 2020 09:30 AM EST| By Team Kalkine MediaCanada's housing sales recorded another month of a double-digit surge in November. Greater Toronto Area (GTA) listed 8,766 property sales in November, as per data published by the Toronto Regional Real Estate Board (TRREB) on Decem...
Why Are Smallcap Pot Stocks HEXO, Sundial Grower, Charlotte Web Trending?
December 03, 2020 07:04 AM EST| By Hina ChowdharySummary Charlotte's Web stocks shot up over six per cent on Wednesday, December 2. HEXO stocks shot up by nearly 72 per cent in the last six months and by almost 66 per cent in the last three months. In November, Sundial Growers stocks balloon.....
