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Keystone XL’s Indigenous Group To Acquire 12% Stake In The Project, Awaits Funding
November 27, 2020 11:08 AM EST| By Team Kalkine MediaThe Indigenous group planning to purchase a stake in TC Energy’s (TSX: TRP) Keystone XL oil pipeline project is reportedly expecting to get funding by the first quarter of 2021. The group of five indigenous communities in Alberta and...
Canada Likely To Approve Pfizer-Biontech’s COVID-19 Vaccine By December
November 27, 2020 11:07 AM EST| By Team Kalkine MediaHeath Canada recently announced that the country could be approving the COVID-19 vaccine created by Pfizer-BioNTech’s in the month of December, as per media reports. The Canadian drug regulator said that Pfizer and BioNTech’s v...
Canada's Payroll Employment Up 2% in September: What More Does Latest Report Show?
November 27, 2020 08:14 AM EST| By Kunal SawhneyA recent study by Statistics Canada has shown that Canada’s payroll employment grew by 337,500, or 2.2 per cent, in the month of September as the lockdown restrictions eased and the economy continued to reopen in phases. However, the st.....
Aurora Cannabis & Aphria Inc: Why Are The 2 TSX Pot Stocks Trending?
November 27, 2020 03:44 AM EST| By Team Kalkine MediaSummary Aurora Cannabis recently partnered with Israeli medical marijuana company Cantek. Stocks of Aurora Cannabis have climbed almost 110 per cent in November. Canadian pot company Aphria Inc announced that it is acquiring US-based Brewing C.....
Trump comes closest to compromise; says will leave White House if Biden gets electors’ nod
November 27, 2020 01:29 AM EST| By Edita IvancevicCurrent US President Donald Trump said in a recent interview that he would peacefully leave the White House if president-elect Joe Biden gets voted for by the Electoral College. Mr Trump had not previously admitted anything related to his defeat i.....
Life & Banc, Canadian Banc And MCAN Mortgage: Why Are These Top Dividend-Paying Financial Stocks Trending?
November 27, 2020 12:10 AM EST| By Team Kalkine MediaLife & Banc Split Corp (TSX: LBS), Canadian Banc Corp (TSX: BK) and MCAN Mortgage (TSX: MKB) are currently trending high among the Toronto Stock Exchange’s top dividend-paying stocks. The financial stocks currently post significant divide.....
Why Are Tech Stocks Slack And Salesforce Trending?
November 27, 2020 12:08 AM EST| By Team Kalkine MediaSummary Salesforce is reportedly set to acquire Slack Technologies. This transaction could beat Facebook’s US$ 19-billion acquisition of WhatsApp in 2014. On the acquisition news, stocks of Slack soared nearly 38 per cent on November 25. .....
US online real estate player Compass plans to go public
November 26, 2020 09:35 PM EST| By Hina ChowdharyCompass, a new age property broker, is believed to have hired investment bankers to take the company public, according to reports. It uses technology and talent to deliver real estate broking services in the US markets, operating across coasts and.....
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S&P/TSX Composite continues to inch higher
November 26, 2020 04:15 PM EST| By Team Kalkine MediaThe leading equity gauge of the Toronto Stock Exchange, the S&P/TSX Composite Index traded higher for the sixth straight day and added 38.27 points or 0.22% to 17,351.34. S&P/TSX Price to 200-day SMA ratio stood at 1.109x, implies that the i...
Rogers Sugar Inc (TSX:RSI) Posts 5%YoY Adjusted EBITDA Growth In Q4 2020
November 26, 2020 11:36 AM EST| By Team Kalkine MediaIn the fourth quarter of 2020, Rogers Sugar registered an adjusted EBITDA of C$ 31.2 million, up from C$ 22.2 million in Q4 2019. The company posted a record sales volume for sugar in Q4 2020 at 225,396 metric tonnes, a normalized increase...
Cargojet Inc (TSX:CJT) Expects To Deliver Record Volumes In Festive Season
November 26, 2020 11:35 AM EST| By Team Kalkine MediaCanada’s leading air freight company stated that it is preparing to transport record volumes of goods in the upcoming festive season between Black Friday to early January. As per Statistics Canada, online retail sales for March to Se...
Imperial Oil Ltd (TSX:IMO) To Slash 200 Jobs
November 26, 2020 11:35 AM EST| By Team Kalkine MediaCalgary-based Imperial Oil Ltd has announced its plans lay off about 200 workers across the country as part of its cost-cutting initiative. The oil company said that it reduced its number of contractors by about 450 in 2020 so far. US-bas...
YSS Corp’s (TSXV:YSS) Revenue Grows 24% QoQ In Q3 2020
November 26, 2020 11:33 AM EST| By Team Kalkine MediaIn the third quarter of 2020, the cannabis retailer recorded revenue of C$5.8 million, an increase of 24 per cent quarter-over-quarter (QoQ). YSS Corp’s cash balance amounted to C$2.9 million as of September 30, 2020. Its gross marg...
Loblaw Companies Limited (TSX:L) Acquires Torstar’s Tech Arm
November 26, 2020 11:32 AM EST| By Team Kalkine MediaLoblaw has purchased the technology segment and related team from Torstar Corporation’s subsidiary Eyereturn Marketing Inc. The company plans to use this expertise for promotions and campaigns for its customers. The transaction, Lob...
Which Black Friday Deals You Need To Check
November 26, 2020 06:33 AM EST| By Hina ChowdharyThe pandemic has left this year’s shopping experience in disarray. First, Amazon’s Prime Day was delayed and now, the Black Friday sales are taking place amid a second wave of the coronavirus. However, merchandises are setting up proper.....
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Bitcoin Bounces Back Sharply Towards All-Time Highs, More Steam Left in the Rally?
November 26, 2020 04:47 AM EST| By Team Kalkine MediaBitcoin prices have rebounded and how! Just in two months time span the crypto currency is up 93% to USD 19,348 on 24th November 2020 after making a low of USD 9,825 in September 2020. Bitcoin prices broke a symmetric triangle pattern on a monthly .....
Suncor & Cenovus: Why Are Oil & Gas Stocks Trending on The TSX?
November 26, 2020 12:00 AM EST| By Team Kalkine MediaSummary Suncor Energy Inc will be operating the Syncrude Joint Venture next year, the company announced recently. Its stocks gained nearly 53 per cent month-to-date (MTD). Stocks of Cenovus Energy skyrocketed nearly 59 per cent MTD. Cenovus E.....
How Are Consumer Stocks Alimentation Couche-Tard (TSX:ATD) & Loblaw (TSX:L) Faring?
November 26, 2020 12:00 AM EST| By Team Kalkine MediaSummary Alimentation Couche-Tard stocks have been trending on stock markets on the back of its latest quarter results release. The company’s revenue for the first half of fiscal 2021 declined by almost 27 per cent year over year. Loblaw .....
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Penguin makes a splash in publishing industry with $2M Simon & Schuster deal
November 25, 2020 11:00 PM EST| By Team Kalkine MediaGerman media group Bertelsmann, through its company Penguin Random House (PRH), is set to buy publisher Simon & Schuster at USD 2.17 billion from TV and film company ViacomCBS. The acquisition is expected to close in 2021 and requires approval .....
S&P/TSX Composite Closes Higher for the Fifth Consecutive Day, Up 0.22%.
November 25, 2020 04:43 PM EST| By Team Kalkine MediaThe main index of the Toronto Stock Exchange, the S&P/TSX Composite Index traded in the green for the fifth consecutive days and settled 0.22% higher at 17,313.07. Further, the index closed well above the crucial support levels of 5-day, 10-day,...
