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Apple reduces its 30% App Store commission for developers
November 19, 2020 10:20 PM EST| By Team Kalkine MediaApple Inc. has slashed its App store commission fees from 50% to 15% implying that small app developers will now pay in half to Apple. The minimum eligibility requirement for the small developers to get the benefit are those who make less than US$1.....
Consumer Confidence in Focus Ahead of Christmas Rally
November 19, 2020 08:47 PM EST| By Team Kalkine MediaConsumer confidence is one of the most powerful economic indicators that influences the equity market. When there is high consumer confidence, people tend to purchase more and spending increases. Thus, there is an overall positive sentiment in the .....
TSX Up Marginally, Norbord & Ballard Power Top Gainers
November 19, 2020 12:46 PM EST| By Team Kalkine MediaCanada’s benchmark leading index closed 19.99 points or 0.12% higher at 16,909.81 on Thursday. The index ended above its crucial long-term support level of 200-day, 100-day and 50-day, simple moving averages (SMAs). At the close, the S&P/T...
Nasdaq (NDAQ:US) To Buy SaaS Company Verafin
November 19, 2020 10:29 AM EST| By Team Kalkine MediaTech company Nasdaq to set to acquire Verafin for US$ 2.75 billion in cash, which is subjected to customary adjustments. With the help of Verafin’s SaaS technology, Nasdaq plans to increase its global reach to deal with money launder...
Metro Inc (TSX:MRU) Posts 7.4% YoY Sales Growth in Q4 2020
November 19, 2020 10:28 AM EST| By Team Kalkine MediaMetro Inc registered sales of C$ 4,143.6 million in the fourth quarter of 2020. The company reported net earnings of C$186.5 million, up 11.4 per cent YoY. Metro’s expenses related to COVID-19 amounted to C$137 million in fiscal 202...
Leonovus (CVE: LTV) Reports Q3 2020 Results, Notable YoY Revenue Increase
November 19, 2020 10:28 AM EST| By Team Kalkine MediaThe software service provider posted revenues of US$ 69,000 in the third quarter of 2020, a significant increase from no revenue in Q3 2019. Leonovus Inc bore a net loss of US$ 421,000 in Q3 2020, down from that of US$ 1,047,000 in Q3 2019...
Air Canada (TSX:AC) Open To Pay Refunds On Unused Tickets: CEO
November 19, 2020 10:27 AM EST| By Team Kalkine MediaAir Canada said it would be offering refunds to customers for cancelled flights in return for government aid, as per media reports. CEO Calin Rovinescu said the airline would not be offering an equity stake to Ottawa. The company has refu...
Canada & UK On Brink Of Trade Agreement To Replace EU Deal
November 19, 2020 10:27 AM EST| By Team Kalkine MediaAn announcement is reportedly expected in the next few days. The United Kingdom and Canada would be subjected to trade tariffs from January 2021 if a new trade deal is not implemented in place of the CETA. Trade between the two countries...
Cryptocurrency Exchange Binance Sues Forbes Over ‘False’ Article
November 19, 2020 09:58 AM EST| By Kunal SawhneyWhile everyone is talking about Bitcoins crossing the record levels of $18,000, there is another major event from the crypto field doing the round. Binance, a cryptocurrency exchange, has filed a lawsuit in the United States against the New Jersey-.....
Analysts Divided Over Bitcoin’s Future Prospects as It Breaks $18,000 Level
November 19, 2020 09:52 AM EST| By Hina ChowdharyThe price of world’s best-known cryptocurrency Bitcoin has hit $18,000 on Wednesday -- which is the highest since December 2017 and has soared about 160% this year. Throughout the pandemic and uncertain times, the investors have been putting .....
How Has October’s Inflation Rise Impacted Canada’s Economy?
November 19, 2020 08:06 AM EST| By Kunal SawhneyThe inflation rate in Canada spiked by 0.7 per cent year-over-year (YoY) in October 2020, up from a 0.5 per cent increase in September, reported national data agency Statistics Canada on Wednesday, November 18. The jump in the Consumer Price Index .....
Why Healthcare Stocks Lexicon, Profound & Mind Medicine Are Booming?
November 19, 2020 07:51 AM EST| By Kunal SawhneySummary Lexicon Pharmaceuticals stock soared over 40 per cent on its successful third phase trial for sotagliflozin on November 17. Stocks of Profound Medical Corp have gained over 155 per cent since the COVID-19 pandemic led market crash on Ma.....
How October Home Sales Data Release Impacted Canadian Real Estate Stocks?
November 19, 2020 07:39 AM EST| By Hina ChowdharySummary Real estate stocks have been trending since the CREA released its October statistics this week. The recent data showed that Canada’s home sales figures fell 0.7 per cent in October from September’s record high. The S&P/.....
Bitcoin Knocking at All-time Highs after 3 years, USD 20,000 on cards?
November 18, 2020 09:41 PM EST| By Team Kalkine MediaBitcoin is grabbing eyeballs again. The currency continues to climb and is closing in on the levels not seen since it reached its highest ever mark three years ago. Bitcoin is just 12% shy of its previous all-time high of USD 19,891.0, last seen o.....
TSX down 0.34%; Trillium Therapeutics & Methanex Corp Top Gainers
November 18, 2020 11:41 AM EST| By Team Kalkine MediaThe leading index of the Toronto Stock Exchange, S&P/TSX Composite Index, lost approximately 58.24 points or 0.34% to close at 16,889.82 on Wednesday. The index closed above its crucial long-term support level of 200-day, 100-day and 50-day simpl...
Kraft Heinz Co (KHC:US) To Restart Ketchup Production In Canada With Quebec Plant Expansion
November 18, 2020 10:08 AM EST| By Team Kalkine MediaKraft Heinz is set to resume ketchup production in Canada six years after it halted production in Ontario's tomato plant. The company said production will begin at its facility outside Montreal, manufacturing 13 million one-litre bottles a...
George Weston (TSX:WN) Posts 6.5% YoY Revenue Growth In Q3
November 18, 2020 10:08 AM EST| By Team Kalkine MediaThe company registered a revenue of C$16.2 billion in the third quarter of 2020, up 6.5 per cent from C$15.2 billion in Q3 2019. The retailer reported net earnings of C$303 million in Q3 2020, an increase of C$234 million from that of Q3 2...
Walmart Canada (WMT:US) Posts 7.7% Net Sales Growth In Q3 FY21
November 18, 2020 10:07 AM EST| By Team Kalkine MediaWalmart’s total revenue grew by 5.2 per cent year over year, amounting to US$ 134.7 billion in the third quarter of fiscal 2021. Its Canada business reported a substantial growth in the grocery and general merchandise in Q3 FY21, wit...
Canada’s Wholesale Trade Climbed 0.9% in September, Reports StatsCan
November 18, 2020 10:05 AM EST| By Team Kalkine MediaCanada’s wholesale sales rose to C$ 66.2 billion in the month of September and hovered above the February’s pre-pandemic level for the third month in a row. The sales, however, dropped 0.2 per cent in September in terms of volu...
Canada’s Intact Financial (TSX:IFC) To Acquire RSA Insurance in UK’s Biggest Takeover in 2020
November 18, 2020 10:04 AM EST| By Team Kalkine MediaCanada’s Intact Financial Corp along with Scandinavian insurance company Tryg A/S is set to purchase RSA Insurance Group Plc for C$ 12.3 billion. Intact Financial will be paying C$ 5.1 billion of the total consideration payable amoun...
