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Tesla Inc (TSLA:US) Breaks Records, Becomes NASDAQ's Top Price Performer
November 21, 2020 10:26 AM EST| By Team Kalkine MediaTesla stocks witnessed a massive rally recently on the back of the announcement that the electric vehicle producer will get listed on the S&P 500 Index in December. Tesla stocks rocketed to a record intraday high of US$ 508.61 on Novem...
Real Matters (TSX: REAL) Reports Strong Revenues For FY2020
November 21, 2020 10:24 AM EST| By Team Kalkine MediaThe tech company’s fiscal 2020 consolidated revenues surged over 41 per cent year-over-year to US$ 455.9 million. Real Matters’ Board of Directors has named Jason Smith as its Executive Chairman and Brian Lang as the CEO of the...
Canada Is Losing Billions In Tax Revenue Losses: State of Tax Justice 2020 Report
November 21, 2020 10:23 AM EST| By Team Kalkine MediaA global study by the Tax Justice Network estimates that Canada is recording a total tax revenue loss of US$ 5.74 billion on a year basis. The amount, the State of Tax Justice 2020 report notes, equates to the annual salaries of 102,490 nu...
Canada Retail Sales Grow For 5th Consecutive Month
November 21, 2020 10:20 AM EST| By Team Kalkine MediaThe country’s retail sales climbed to C$ 53.9 billion in September, up 1.1 per cent. September shows fifth straight month of growth since April this year. Retail trade registered a growth in nine out of 11 subsectors, a recent study...
Bombardier (TSX:BBD) & Air Canada (TSX:AC): 2 Trending Industrial Stocks
November 21, 2020 09:18 AM EST| By Kunal SawhneyValue of industrial stocks Air Canada (TSX: AC) and Bombardier Inc (TSX: BBD.B) spiked following the announcement of successful COVID-19 vaccine trials by Pfizer-BioNTech and Moderna earlier this month. The industrial sector took quite a hit amid th...
Canada September Retail Sales Up: Look At Dollarama (TSX:DOL) & Metro (TSX:MRU) Stocks
November 21, 2020 09:08 AM EST| By Hina ChowdharyCore retail sales in Canada grew by nearly three times at 1.1 per cent in September against 0.4 per cent in August 2020, Statistics Canada reported. The retail figures amounted to C$ 53.9 billion due to higher sales at general merchandise and eatery...
China’s recovery pace rises after reports of positive data for October
November 21, 2020 08:31 AM EST| By Team Kalkine MediaWhen much of the world is struggling to prevent the shaky rebound from being derailed by new coronavirus outbreaks, China's economy seems to be on its way towards growth. China, the world's second-biggest economy is gradually recovering from the i.....
Why Is West Fraser (TSX:WFT) Acquiring Norbord (TSX:OSB)?
November 21, 2020 07:10 AM EST| By Team Kalkine MediaDiversified wood product producer West Fraser Timber Co. Ltd. (TSX: WFT) and leading manufacturer of wood-based panel Norbord Inc. (TSX: OSB, NYSE: OSB) Thursday announced that they have entered into a strategic business agreement. West Fraser will.....
TSXV Rising Star Stocks: GreenPower, Grande West & NanoXplore
November 21, 2020 03:06 AM EST| By Team Kalkine MediaSummary GreenPower stocks have soared over 1125 per cent in value year-to-date (YTD). Stocks of Grande West have swelled by 384 per cent. In the last three months, NanoXplore’s stock has surged by 134 per cent. The Toronto S.....
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Suncor (TSX:SU) & Canadian Natural (TSX:CNQ): 2 Rallying Dividend Oil & Gas Stocks
November 21, 2020 12:30 AM EST| By Team Kalkine MediaSummary Oil and gas stocks of Suncor Energy (TSX: SU) and Canadian Natural Resources Ltd (TSX: CNQ) jumped significantly in November following Pfizer and Moderna’s news of successful COVID-19 vaccine trials. The S&P/TSX Capped Energy .....
G20 Summit: What are the key agenda points?
November 20, 2020 08:22 PM EST| By Kunal SawhneyThe exacerbated pandemic situation rampant across the globe has hit the nations with massive economic shocks. Amidst the faltered economic scenario, the leaders representing the major economies are virtually attending the 15th meeting of Group of T.....
TSX Up 109 Points, Aurinia Pharmaceuticals & Blackberry Top Gainers
November 20, 2020 12:22 PM EST| By Team Kalkine MediaThe main index of the Toronto Stock Exchange, the S&P/TSX Composite Index, extended gains for the second straight day and added 109 points or 0.65% to 17,019.10 on Friday. This is the consecutive weekly gain for the index, which added approximate...
Ayr Strategies Inc’s (AYR.A:CNX) Revenue Soars 42% YoY
November 20, 2020 10:03 AM EST| By Team Kalkine MediaAry Strategies reported revenue of US$ 45.5 million in Q3 2020, up from US$ 32.1 million in Q3 2019. The cannabis company’s adjusted EBITDA surged to US$ 19.3 million in Q3 2020, compared to US$ 8.7 million in Q3 2019. The company g...
Pfizer-BioNTech Vaccine Likely To Be Available by December-end
November 20, 2020 10:01 AM EST| By Team Kalkine MediaPfizer (NYSE: PFE) and BioNTech (Nasdaq: BNTX) are expected to submit the approval request for their COVID-19 vaccine candidate BNT162b2 to the Food and Drug Administration (FDA) on Friday, November 20 for urgent use in the US. The two com...
Canada Records Largest Deficit In 7 Years In 2019: StatCan
November 20, 2020 10:00 AM EST| By Team Kalkine MediaThe Canadian general government saw a deficit of C$ 25.3 billion in 2019, as against an excess of C$ 2.6 billion in 2018, the Statistics Canada reported on Wednesday, November 18. The deficit made 1.1 per cent of Canada’s gross domes...
Cresco Labs (CL:CNX) Reports 63% QoQ Revenue Growth in Q3 2020
November 20, 2020 10:00 AM EST| By Team Kalkine MediaThe vertically integrated cannabis company recorded a revenue of US$ 153.3 million in the third quarter ending 30 September 2020, an absolute increase of US$ 59 million from the previous quarter. Its adjusted EBITDA stood at US$ 46.4 milli...
TerrAscend Corp (TER:CNX) Reports Record 90% YoY Jump In Net Sales
November 20, 2020 09:59 AM EST| By Team Kalkine MediaThe cannabis operators net sales amounted to C$ 51 million in Q3 2020, up from C$ 27 million in Q3 2019. Its gross margin jumped to 59 per cent in the third quarter ending 30 September 2020, up from 56 per cent in Q2 2020 and 45 per cent i...
Why is Buzzfeed Buying Verizon’s HuffPost Amid Traffic & Revenue Slumps?
November 20, 2020 07:50 AM EST| By Hina ChowdharyNew York-based digital media house BuzzFeed Inc has agreed to buy Verizon Media’s HuffPost publication in a stock deal, the two companies announced on Thursday, November 19. Verizon Media, which is a unit of Verizon Communications Inc (NYSE: .....
Beyond Meat (NASDAQ:BYND) & GURU (TSX:GURU): 2 Rising Plant-Based Product Stocks
November 20, 2020 07:14 AM EST| By Kunal SawhneySummary An environmentally conscious world is embracing alternative meats substitutes amid the pandemic. Nearly 56 per cent of the Canadian Gen Z believe that healthy habits are the key to a good life. The increasing popularity of plant-based .....
Why NVIDIA (NASDAQ:NVDA) & CIIG (NASDAQ:CIIC) Stocks Are In Spotlight?
November 20, 2020 06:50 AM EST| By Team Kalkine MediaSummary NVIDIA Corporation (NASDAQ: NVDA) stocks skyrocketed by 128 per cent year-to-date (YTD) as online gaming business boomed amid the coronavirus pandemic. The company posted a record revenue in the third quarter fiscal 2021, up 57 per cent.....
