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TSX down for second consecutive day; TD Bank & Kinross Gold volume leaders
October 14, 2020 10:20 PM EDT| By Team Kalkine MediaThe TSX Composite Index, the benchmark index of the Toronto Stock Exchange, traded lower for the second straight day and declined 0.34% or 55.43 points to 16,455.40 on Wednesday. The index traded at a Price-to-Earnings (PE) multiple of 17.85x and off...
WELL Health (TSX: WELL) & CloudMD (TSXV:DOC): 2 Healthcare Stocks Gathering Steam
October 14, 2020 12:39 PM EDT| By Team Kalkine MediaSummary The TSX healthcare index is down 31.52 per cent year-to-date (YTD). However, the index has gained 13.20 per cent quarter-to-date. The healthcare space has witnessed a sea of change amid pandemic times. WELL Health Technologies Corp (TS.....
Barrick Gold’s (TSX:ABX) Twiga Minerals pays $250 million cash dividend
October 14, 2020 10:59 AM EDT| By Team Kalkine MediaTwiga Minerals Corporation is a joint venture Barrick Gold Corporation and the Tanzanian government. Apart from the $250 million cash dividend, the company has paid nearly $205 million to the Tanzanian government in taxes, royalties and di...
Restaurant Brands (TSX:QSR) releases preliminary Q3 financial report
October 14, 2020 10:58 AM EDT| By Team Kalkine MediaThe quick service restaurant group expects revenue between US$ 1.32 billion and US$ 1.34 billion in third quarter 2020, down from US$ 1.46 billion same quarter last year. Restaurant Brands International Inc owns Burger King, Tim Hortons, a...
WestJet (TSX:ONEX) slashes workforce, cuts back operation in Atlantic Canada
October 14, 2020 10:58 AM EDT| By Team Kalkine MediaWestJet Airlines will indefinitely discontinue operations in Charlottetown, Moncton, Sydney, Fredericton and Quebec City. The carrier will also reduce flight services to Halifax and St. John's. The move will result in reduction of 100 fli...
Canada’s GDP to contract by 7.1% in 2020: IMF
October 14, 2020 10:57 AM EDT| By Team Kalkine MediaThe country's economy will grow by 5.2 per cent in 2021, projected the International Monetary Fund. Global economy set to contract by 4.4 per cent this year due to the coronavirus pandemic, it added. The world economy will expand by 5.2%...
Online brokerage firm WealthSimple is now a unicorn
October 14, 2020 10:57 AM EDT| By Team Kalkine MediaThe Canada-based digital stock trading platform said on Wednesday that it has raised C$ 114 million from investors. The funding was led by equity investors TCV, Greylock, Two Sigma Ventures, Meritech, and existing investor Allianz X. The...
BlackBerry (TSX:BB) & Cineplex (TSX:CGX): 2 Trending Stocks Under C$ 7
October 14, 2020 09:16 AM EDT| By Team Kalkine MediaSummary Cyber stocks such as BlackBerry Limited have been in demand since over 48,000 accounts were hit by credential stuffing at the Canada Revenue Agency (CRA) Cineplex stocks suffered a great deal as major films either got delayed till 2021 .....
The Walt Disney Company (NYSE: DIS) sheds its old Avatar to aggressively take on Streaming Giant Netflix
October 14, 2020 09:12 AM EDT| By Team Kalkine MediaNations across the world are struggling to fight the coronavirus crisis in many ways. The virus has successfully wreaked havoc across industries, shutting down many companies. Travel and entertainment sector is perhaps the most affected one. Leadin.....
Bombardier (TSX:BBD) & TFI International (TSX:TFII): 2 Industrial Stocks Gaining Traction
October 14, 2020 07:36 AM EDT| By Team Kalkine MediaSummary Bombardier’s revenues saw a sharp fall in the second quarter of 2020 to C$2.7 billion from C$4.3 billion in Q2 2019. Logistics company TFI International’s stock has gained 53 per cent year-to-date. Both these industrial sto.....
Trump was gung-ho on Eli Lilly Drug; Company hits pause button for COVID-19 antibody treatment
October 14, 2020 07:33 AM EDT| By Team Kalkine MediaThe clinical trial of pharmaceutical company Eli Lilly and Company’s antibody COVID-19 treatment was paused because of some potential safety concerns. Eli Lilly announced trial halt just a day after Johnson & Johnson disclosed the pause o.....
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Apple unveils HomePod Mini and a range of iPhones; accessibility remains the key theme
October 14, 2020 07:00 AM EDT| By Team Kalkine MediaApple finally unveiled its new range of 5G network-enabled iPhone 12 smartphones along with HomePod Mini speaker in its virtual presentation. When everyone thought Apple would launch a new iPhone, it came up with four and launched a wide range of o.....
TSX Composite Down 0.31%; BlackBerry and Aphria top gainers
October 13, 2020 10:42 PM EDT| By Team Kalkine MediaThe broader index of Canada, TSX Composite, declined approximately 52 points or 0.31% to 16,510.83 on Wednesday. The index settled lower after three consecutive days of winning streak. However, it traded above its crucial long-term as well as short-t...
Amazon (NASDAQ:AMZN) Stock Surges Amid Prime Day Event
October 13, 2020 01:27 PM EDT| By Team Kalkine MediaSummary Stocks of Amazon Inc (NASDAQ: AMZN) jumped nearly five per cent on Monday ahead of its Prime Day event. Delayed from its usual slot in July, the two-day Prime Day sale is now set to run on October 13 and 14. Amazon workers in Germany h.....
Why healthcare stocks Johnson & Johnson (NYSE:JNJ) & Medigus (NASDAQ:MDGS) are trending?
October 13, 2020 01:10 PM EDT| By Team Kalkine MediaHealthcare stocks rallied on Tuesday morning as soon as the markets opened after a long Thanksgiving weekend. The TSX healthcare index was up by 35 points or 0.67 per cent at the time of filling this report. Canadian stocks CloudMD (TSXV:DOC) and W.....
Who is Amy Coney Barrett, Trump’s Supreme Court nominee?
October 13, 2020 11:09 AM EDT| By Edita IvancevicAfter the tragic death of Ruth Bader Ginsburg, the Supreme Court Judge nominated by the former US President Bill Clinton, Judge Amy Coney Barrett is set to take over Ms Ginsburg’s place in the highest court in the world. Ms Barrett’s f.....
Air Canada (TSX:AC) & Transat (TSX:TRZ) Stocks Trend on TSX After Revised Deal
October 13, 2020 10:59 AM EDT| By Team Kalkine MediaSummary Air Canada (TSX: AC) has revised its purchase deal with holiday travel operator Transat AT Inc (TSX: TRZ). Air Canada will now offer C$ 5 per share from the previous C$ 18 under the amended deal. Transat’s shares are down 76.34 p.....
Aphria Inc (TSX:APHA) and Fire & Flower (TSX:FAF): 2 Trending Cannabis Stocks
October 13, 2020 09:02 AM EDT| By Team Kalkine MediaSummary Cannabis stocks spiked on Monday after both Republicans and Democrats talked about the federal legalization of recreational marijuana in the US. Aphria Inc is set to release its first quarter fiscal 2021 results on October 15 and is cur.....
CRA opens application window for Canada Recovery Benefit
October 13, 2020 08:14 AM EDT| By Team Kalkine MediaAfter the initial technical glitch, Canada Revenue Agency’s website is now up and running. Canadians can apply for Canada Recovery Benefit (CRB) program by applying on the official website. The CRB will pay C$ 500/week for up to 26...
Kirkland Lake (TSX:KL) reports Q3 2020 production results, announces dividend
October 13, 2020 08:13 AM EDT| By Team Kalkine MediaThe latest quarter (ending September 30, 2020) production was 339,584 ounces, up 37 per cent year-over-year. Kirkland also announced quarterly dividend of US$ 0.1875 per share. The company closed the quarter with US$848 million cash and n...
