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Canada August manufacturing sales declines by 2%
October 16, 2020 01:12 PM EDT| By Team Kalkine MediaThe fall in sales came after three months of consecutive gains, said Statistics Canada. The decline was due to pullback in automobile and parts sales. The largest drop of 13.7% was recorded in transportation equipment. ...
Shell Canada drops plan to sell Sarnia Manufacturing Centre
October 16, 2020 01:11 PM EDT| By Team Kalkine MediaThe company plans to stop marketing of Sarnia Manufacturing Centre and its infrastructure sales that includes chemicals plant, refinery and Sarnia and Hamilton Distribution terminals Earlier in January 2019, the company announced its inten...
Bank of Canada to halt emergency liquidity operations as markets improve
October 16, 2020 01:11 PM EDT| By Team Kalkine MediaThe central bank will scale back its emergency response programs with decrease in funding demands. Holdings under the bank’s three emergency response program dropped from a peak of C$220 billion in June to C$170 billion as of date....
Air Canada (TSX:AC) CEO Calin Rovinescu to retire in 2021, Michael Rousseau named successor
October 16, 2020 01:10 PM EDT| By Team Kalkine MediaPresent Air Canada president and CEO Calin Rovinescu will retire in February 2021, after being with the company for more than a decade. Mr Rovinescu will be succeeded by current deputy CEO and chief financial officer Michael Rousseau. Air...
GreenPower Motor & Lithium Americas: 2 EV Stocks Amid Canada’s Green Push
October 16, 2020 01:06 PM EDT| By Team Kalkine MediaSummary Canada’s way out of the COVID-19 pandemic is going to be "green", said PM Justin Trudeau recently. GreenPower Motor stocks are up a staggering 672 per cent year-to-date (YTD). The Lithium Americas’ stocks have climbed nearl.....
Aphria (TSX: APHA) Releases Quarterly Results, Aurora (TSX:ACB) Sells Key Asset
October 16, 2020 01:02 PM EDT| By Team Kalkine MediaSummary The S&P TSX cannabis index tumbled over six per cent on Thursday as cannabis stocks fell following the release of Aphria’s Q1 FY21 financial results . Aphria’s net revenue was down 4.3 per cent quarter-over-quarter (QoQ).....
‘Dynamite’ Market Debut for Big Hit Entertainment, The Label Behind BTS
October 16, 2020 12:59 PM EDT| By Team Kalkine MediaImage Source: BTS Summary Big Hit Entertainment raised 962.6 billion won (US$839.4 million) in its IPO. The stocks soared as high as 160 per cent from its IPO price on the first day of trading. BTS members, who were already millionaires, are...
Real Estate Stocks Madison Pacific (TSX:MPC) & Altus Group (TSX:AIF) Gain Ground
October 16, 2020 06:59 AM EDT| By Team Kalkine MediaSummary Canada’s real estate market is staring at a bubble risk. Home prices touched C$975,980 in September, an 11 per cent increase from the same period last year. Altus Group Limited (TSX:AIF) stocks have gained by 45.54 percent this .....
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Utilities & Consumer Cyclicals Pull Up TSX; Aritzia & Bausch Top Gainers
October 15, 2020 10:28 PM EDT| By Team Kalkine MediaAfter two consecutive days of losses, the broader index of the Toronto Stock Exchange traded 0.28% higher at 16,501.03 on Thursday. Utilities, consumer cyclicals, and industrials indices went up by 0.90%, 0.74% and 0.72% respectively. The S&P/TS...
Fiat Chrysler, Unifor reach tentative deal; automaker to invest C$1.5B
October 15, 2020 01:45 PM EDT| By Team Kalkine MediaThe trade union has reached a tentative deal for 9,000 employees at Fiat Chrysler plants in Canada. The automaker will invest up to C$ 1.5 billion under the agreement. Fiat will add a second product line to its Windsor plant in Ontario th...
Gaming firm Score Media graduates to TSX
October 15, 2020 01:44 PM EDT| By Team Kalkine MediaScore Media and Gaming will trade under the symbol SCR on the Toronto Stock Exchange. The company's Class A Shares have been delisted from the TSX Venture. The digital media and sports betting company operates in North America. ...
Pot firm Aphria’s (TSX:APHA) net revenue up 16% YoY
October 15, 2020 01:44 PM EDT| By Team Kalkine MediaThe cannabis company posted 23 per cent QoQ increase in first quarter fiscal 2021 gross revenue at C$ 69.6 million. This is the sixth consecutive quarter of growth on revenue. Net revenue stood at C$ 145.7 million, up 16% YoY. Ended the...
Fire & Flower (TSX:FAF) & Decibel Cannabis (TSXV:DB) launch cannabis brand Qwest
October 15, 2020 01:43 PM EDT| By Team Kalkine MediaQwest cannabis brand will introduce a pre-rolled format. The private-label brand is expected to be launched on October 15 in Saskatchewan province. Decibel will manufacture, package and ship Qwest products to Open Fields Distribution, whi...
Fashion retailer Aritzia (TSX:ATZ) reports loss in latest quarter
October 15, 2020 01:43 PM EDT| By Team Kalkine MediaVancouver-based fashion boutique and designer Aritzia Inc’s net revenue slumped 17 per cent year-over-year to C$200.2 million in second quarter fiscal 2021 ended August 2020. Gross profit decreased to C$70.4 million from C$95.4 milli...
Canadians’ Shift Towards Plant-based Meat Reflect on Vegan Stock Performances
October 15, 2020 12:27 PM EDT| By Team Kalkine MediaSummary Canada is witnessing a rise in plant-based food habits amid the coronavirus pandemic. The Canadian government invested nearly C$ 100 million into plant-based protein manufacturer Merit Functional Foods in June this year. Stocks of plan.....
Nuvei, Lightspeed & GoldMoney: Canadian Fintech Stocks Bloom in Pandemic
October 15, 2020 12:25 PM EDT| By Team Kalkine MediaSummary The pandemic has thrust fintech and paytech companies into the spotlight as consumers shift from cash to virtual payment systems. Nuvei’s stock has surged 17 per cent since its stock market debut in September this year. Lightspee.....
NIO & Tesla Stocks Zoom As Electric Vehicle Market Heats Up
October 15, 2020 09:44 AM EDT| By Team Kalkine MediaSummary Canadian trade union Unifor and Ford Motor Company have signed a deal to repurpose an Oakville plant for the future production of electric vehicles. Stocks of electric vehicle makers such as NIO Inc and Tesla Inc have fared well during .....
Kinross (TSX:K) & Barrick Gold (TSX:ABX): 2 Rallying Gold Stocks
October 15, 2020 08:19 AM EDT| By Team Kalkine MediaSummary Gold saw a solid climb during the early months of the pandemic with the S&P/TSX Global Gold Index gaining 42.59 per cent year-to-date. Kinross Gold stocks have surged nearly 100 per cent this year while Barrick Gold stocks gained ov.....
End of an Era for Yahoo Groups; Curtain Down After 20 Years
October 15, 2020 05:35 AM EDT| By Team Kalkine MediaFor most of the people who had access to computers in the 90s and early 2000s, Yahoo used to rule the world of internet. Even before Google and Gmail existed, people spent a lot of time using various Yahoo services. After shutting down its iconic .....
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Wall Street on a roller coaster ride, Is the Market Thinking Beyond Elections
October 14, 2020 10:53 PM EDT| By Team Kalkine MediaThe US tech stocks have marked a strong beginning to the current week and look to add more to the gains from the previous week. 12 October 2020 witnessed the common stocks of Apple Inc. (NASDAQ:AAPL) jump by 6.35%. Amazon.com, Inc (NASDAQ:AMZN) ex.....
