News
PayPal Goes Active on Crypto Space, Slew of News
October 27, 2020 05:04 AM EDT| By Team Kalkine MediaPayPal Introduces New Service Enabling Users to Transact Cryptocurrency: On 21 October 2020, PayPal announced the release of a new service that would allow the users to buy, hold & sell cryptocurrency straight from the PayPal account. The Comp.....
Kinaxis (TSX:KXS) & TFI International (TSX:TFII): 2 Dividend-Yielding Logistic Stocks
October 27, 2020 03:54 AM EDT| By Kunal SawhneySummary TFI International’s third quarter results reveal 27 per cent increase in free cash flow and 18 per cent year-over-year increase in operating income. TFI International Inc. (TSX:TFII) stock has gained 50 per cent this year. Cash f.....
Investors’ Line Up For Jack Ma-Led Ant Group’s US$34-billion IPO: All You Need To Know
October 27, 2020 03:51 AM EDT| By Team Kalkine MediaSummary Ant Group’s upcoming IPO is likely to surpass Saudi Aramco’s US$-29 billion record offering. The Chinese fintech giant has priced its shares for US$10.32 a pop. Ant Group is set to be listed on the Hong Kong Stock Exchange .....
Jack Ma’s Giant Ant Set to Make World’s Biggest Stock Market Debut
October 27, 2020 01:29 AM EDT| By Team Kalkine MediaJack Ma’s Ant Group is set to raise US$34 billion when its shares start trading on the Hong Kong and Shanghai stock market in the upcoming weeks. With this, Ant Group’s IPO would become the world’s largest stock market debut on re.....
COVID-19 Cases Resurge in US and UK, Vaccine Trials Back on Track
October 26, 2020 10:58 PM EDT| By Team Kalkine MediaThe COVID-19 crisis threw the whole world into a dilemma of lives and livelihoods. The global virus crisis has engulfed almost the entire year, and till now, there is no effective treatment available to tackle the situation. The measures one can f.....
TSX Composite Falls 1.38%, Genworth MI & Husky Energy Top Gainers
October 26, 2020 10:11 PM EDT| By Team Kalkine MediaThe S&P/TSX Composite Index fell 1.38 percent to 16,079.55 on Monday, October 26. At the closing bell, the index traded below its crucial short-term support level of 50-day simple moving average (SMA) and below its immediate support levels of 5-d...
Royal Bank Of Canada (TSX:RY) & Bank Of Montreal: 2 Bluechip Stocks To Punt On
October 26, 2020 04:27 PM EDT| By Hina ChowdharyThe Canadian economy is likely to decline by 7.1 per cent in 2020, according to the latest International Monetary Fund (IMF) outlook report. Bank of Canada’s latest Business Outlook Survey indicates that the business sentiment is grim.....
Air Canada (TSX:AC) 1st North American Airline To Get Illegal Wildlife Trade Certification
October 26, 2020 12:59 PM EDT| By Team Kalkine MediaThe International Air Transport Association (IATA) announced the the Illegal Wildlife Trade (IWT) certification to Air Canada on October 23. Air Canada Cargo has implemented measures to reduce the possibility of transferring illegal wildli...
Sun Life Financial (TSX:SLF) To Acquire Majority Stake In Crescent Capital (CCAP:US)
October 26, 2020 12:31 PM EDT| By Team Kalkine MediaSun Life is set to acquire a 51 per cent interest in Crescent Capital for up to C$ 450 million. The transaction will comprise C$370 million as upfront payment and a payment of C$80 million in the future based on achievement of certain mile...
Kinross (TSX:K) Unveils Gold Production Plans Till 2029
October 26, 2020 12:30 PM EDT| By Team Kalkine MediaThe company targets to produce an average of 2.5 million gold equivalent ounces per year from 2020 and 2029. Kinross had announced on September 17 that it expects to increase production by 20 per cent from 2021-2023. The company anticipat...
Corus Entertainment’s (TSX:CJR) Revenue & Profit Declines In Q4 2020
October 26, 2020 12:30 PM EDT| By Team Kalkine MediaThe company’s consolidated revenues declined 16 per cent for the fiscal quarter ending August 31, 2020, from C$377.5 million in Q4 2019 to C$318.4 million in Q4 2020. Its consolidated segment profit decreased by 14 per cent from C$10...
Canadian Steel Company Stelco (TSX:STLC) Suffers Cybersecurity Attack
October 26, 2020 12:29 PM EDT| By Team Kalkine MediaStelco Holdings Inc said that it took immediate countermeasures accordingly, which were effective in limiting the scope of the attack. The company is currently investigating the incident and the extent of its impact on its systems with the help of.....
Rubicon Organics (TSXV:ROMJ) Signs Distribution Agreement To Sell Cannabis 2.0 Products
October 26, 2020 12:28 PM EDT| By Team Kalkine MediaCannabis producer Rubicon Organics Inc has joined hands with Canada House Wellness Group to distribute its range of cannabis 2.0 products. Rubicon signed the product distribution agreement with Canada House via its wholly owned sub...
Methanex (TSX:MX) & EcoSynthetix (TSX:ECO) Stocks Rise as Alternative Fuel Gains Popularity
October 26, 2020 10:31 AM EDT| By Kunal SawhneyCompanies indulging in alternative technology have made a stride in the stock markets this year. The S&P/TSX Renewable Energy and Clean Technology Index recorded a growth of over 35 per cent year-to-date (YTD). Stocks of alternative energy prod.....
Cenovus (TSX:CVE) & Husky (TSX:HSE) All-Stock Merger To Create C$23.6-billion Energy Giant
October 26, 2020 09:34 AM EDT| By Kunal SawhneyCenovus's Foster Creek project in northern Alberta Summary Cenovus Energy Inc. (TSX: CVE) and Husky Energy Inc. (TSX: HSE) merger will create one of the largest refining companies in the country worth C$23.6 billion. Canadian oil-sands produce...
Meet HelloFresh, your home cooking companion!
October 26, 2020 08:13 AM EDT| By Team Kalkine MediaHelloFresh SE (XETRA: HFGG), a German meal-kit delivery firm, is seeing higher demand as the pandemic-hit consumers are desperate to add some jazz to their home-cooked meals amid strict lockdown. Ready-to-cook food delivery service HelloFresh prom.....
Facebook and Twitter bosses issued subpoena, content moderation practices under lens
October 26, 2020 01:43 AM EDT| By Team Kalkine MediaIn Washington's latest attack on Big Tech, the United States Senate Commerce Committee unanimously voted to issue subpoenas to the CEOs of Facebook, Google and Twitter, that will compel them to testify in front of Congress Facebook, Twitter and Go.....
What is Kahoot?
October 24, 2020 11:27 AM EDT| By Edita IvancevicJust how ‘google’ and ‘googling’ made it to official dictionaries, the story behind an interactive platform Kahoot! is no different. Thanks to this Norway invention, children and teachers around the world have been learning.....
Key Takeaways from Jacinda Ardern-Led New Zealand Approach Against the Pandemic
October 24, 2020 11:10 AM EDT| By Hina ChowdharyCoronavirus’ impact on the world has been devastating. Amid this unprecedented challenge, one of the leaders who has stood tall, is Jacinda Ardern. The 39-year-old prime minister of New Zealand received global praise for her supe.....
How are European nations tackling COVID-19 second wave?
October 24, 2020 11:03 AM EDT| By Kunal SawhneyAfter being severely hit by the initial wave of COVID-19 and gradually curbing the outbreak, many countries across Europe are again experiencing a resurgence of COVID-19 cases. Presently, countries like France, the UK, Spain and Germany are witness.....