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Is This The Right Time To Invest In Blockchain Stocks?
November 18, 2020 09:47 AM EST| By Kunal SawhneyBitcoin’s price crossed US$18,000 during intraday trading on November 17 as investors turned bullish on crypto during pandemic. The largest cryptocurrency by market cap touched a high of $18,062 on November 17, a peak not seen since D.....
Pfizer-BioNTech Vaccine 95% Effective In Preventing COVID-19, Ready For Regulators
November 18, 2020 09:14 AM EST| By Team Kalkine MediaPharma giant Pfizer Inc. (NYSE: PFE, PFE:US) Wednesday claimed that its vaccine candidate is 95 per cent effective in preventing COVID-19. The company plans to apply for approval from the US Food and Drug Administration (FDA) for Emergency .....
Canadians Hoard Record High Cash Of C$ 170 Bn Amid COVID: CIBC
November 18, 2020 07:00 AM EST| By Team Kalkine MediaThe coronavirus pandemic saw Canadians amass the largest excess cash ever in recorded history, reported a 2020 study by Canadian Imperial Bank of Commerce (CIBC). It estimated that households and businesses in the country are currently holding at l.....
Why Are Energy Stocks Cenovus and Suncor Trending?
November 18, 2020 05:38 AM EST| By Kunal SawhneySummary Stocks of Cenovus Energy have soared by over 40 per cent in the last one month. Cenovus’ 10-day average trading volume is 6.57 million units. Stocks of Suncor have swelled by nearly 25 per cent in the last one month. Suncor&rsqu.....
How Did Canada's Manufacturing Sector Do In September?
November 18, 2020 05:34 AM EST| By Hina ChowdharyFollowing a decline of 1.4 per cent in August this year, manufacturing sales climbed 1.5 per cent to a value of C$ 53.8 billion in September, reported Canadian data agency Statistic Canada. The increase in sales, the agency noted, was seen.....
Here’s why Airbnb is making a splash
November 18, 2020 03:53 AM EST| By Kunal SawhneyAirbnb is once again stealing the thunder as it is ready to make its debut on the US public markets. The San Francisco-based rental online marketplace is gearing up for the year’s one of the most anticipated Initial Public Offerings (IPO). T.....
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Amazon forays into the pharmacy industry with Prime
November 18, 2020 12:23 AM EST| By Kunal SawhneyNow Amazon.com will deliver prescriptions at your doorstep. Amazon Pharmacy is a new store on the Amazon website, allowing customers to purchase medication online through the desktop website or Amazon application. This move by the e-commerce giant.....
Virgin Australia takes a new route as Bain Capital takes over
November 17, 2020 10:34 PM EST| By Hina ChowdharyVirgin Australia Holdings Limited (ASX:VAH) has finally got a new owner after the completion of A$3.5 billion sale to Bain Capital, the US private equity group. All Virgin's shares have been transferred to Bain Capital and the company is delis.....
Ransomware Attacks on the rise in APAC Region, Businesses forced to pay up
November 17, 2020 10:26 PM EST| By Kunal SawhneyRansomware, a malicious software that can infect your system, typically displays several messages demanding a specific fee to ensure your system starts functioning properly again. This malware category is an illegal moneymaking scheme that enters t.....
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Warren Buffett sours on banks, trims tech and laps up pharma stocks
November 17, 2020 09:51 PM EST| By Kunal SawhneyBerkshire Hathaway’s third-quarter filing is out. This time Warren Buffet has given food for thought to his followers, especially with regards to banks. The latest filing details a slew of changes made by the conglomerate in the third .....
TSX Up For Third Straight Day; Trillium Therapeutics & Lightspeed Top Gainers
November 17, 2020 12:50 PM EST| By Team Kalkine MediaThe leading index of the Toronto Stock Exchange, S&P/TSX Composite Index traded approximately 58 points or 0.34% higher at 16,948.06 on Tuesday. The index closed above its crucial long-term, short-term and immediate support level of 200-day, 100-...
Medexus Pharmaceuticals (CVE: MDP) Notes YoY Revenue Increase In Q2 FY21
November 17, 2020 11:41 AM EST| By Team Kalkine MediaMedexus Pharmaceuticals reported a revenue of C$ 23.6 million in the fiscal 2021 second quarter ending 30 September 2020, up from C$ 16.4 million in the same period last year. Its gross profit stood at C$ 12.8 million in the Q2 FY2...
Canada Employment Insurance Survey Data Helps Understand COVID, CERB & EI Programs’ Impact: StatCan
November 17, 2020 11:41 AM EST| By Team Kalkine MediaNew data derived from Statistics Canada’s 2019 Employment Insurance Coverage Survey (EICS) has been used as a baseline to measure the impact of the coronavirus pandemic on Canadian workers in 2020. Of the 1.1 million Canadian...
BoC & OSFI Launch Pilot Project To Study Low-Carbon Economy Risks
November 17, 2020 11:40 AM EST| By Team Kalkine MediaThe Bank of Canada, in collaboration with the Office of the Superintendent of Financial Institutions (OSFI), will be working with a group of financial institutions on the project. The project aims at researching scenarios of reducing green...
Amazon (AMZN:US) Launches Online Pharmacy in US
November 17, 2020 11:40 AM EST| By Team Kalkine MediaThe e-commerce giant launched its online pharmacy in the United States on Tuesday, November 17. Amazon Inc said that it will be selling commonly prescribed medications, which customers can access after setting up a profile and providing wi...
Neptune Wellness Solutions (TSX:NEPT) Sees 340% YoY Revenue Surge in Q2 FY21
November 17, 2020 11:39 AM EST| By Team Kalkine MediaNeptune Wellness reported total revenues of C$28.6 million in the second quarter of fiscal 2021, a 155 per cent quarter-over-quarter and a 340 per cent year-over-year increase. The company reported a loss of C$ 4.5 million in Q2 FY21. Nep...
Why Is Pharmaceutical Industry Offering Canada C$1 Billion?
November 17, 2020 06:58 AM EST| By Kunal SawhneySummary Canada’s drug regulations would curtail drugmakers’ revenue by at least C$ 19.8 billion over the next two decades, according to an estimate by the pharmaceutical industry. Stocks of CloudMD have rocketed over 214 per cent in.....
Why Are Entertainment Stocks Cineplex & Walt Disney Rising?
November 17, 2020 05:32 AM EST| By Hina ChowdharyEntertainment stocks Cineplex Inc (TSX: CGX) and Walt Disney (NYSE: DIS or DIS: US) spiked this month after pharmaceutical companies Moderna and Pfizer along with BioNTech announced that their COVID-19 vaccine candidates have over 90 per ce.....
Asia Pacific countries form the world’s largest trade alliance
November 17, 2020 04:47 AM EST| By Kunal SawhneyFifteen countries in the Asia-Pacific region have joined hands in the largest free-trade bloc ever witnessed in history. This comes after 8 years of negotiation and deliberation. The member countries include 10 ASEAN members: Brunei-Darussalam, Cam.....
Moderna’s COVID-19 vaccine impresses, demonstrates 94.5% efficacy
November 16, 2020 09:41 PM EST| By Team Kalkine MediaUS biotech firm Moderna Inc (NASDAQ:MRNA) on 16 November 2020 announced that its experimental vaccine against COVID-19, mRNA-1273 was 94.5% effective, marking a significant breakthrough in the quest to end the ongoing pandemic. The interim data fro.....
