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Boston Pizza (TSX:BPF.UN) & Pizza Pizza (TSX:PZA): Trending Restaurant Stocks
October 10, 2020 07:19 AM EDT| By Kunal SawhneySummary Boston Pizza’s gross sales stood at C$129.8 million for the second quarter 2020, down by 53.8 per cent year-over-year. Recovering from the impact of Covid-19, the July sales for Pizza Pizza rebounded quickly, up by 20 per cent fro.....
Goodfood, Dollarama, Aritzia: Are Retail Stocks Thanksgiving Ready?
October 10, 2020 07:15 AM EDT| By Team Kalkine MediaCanadian retail companies are adapting flexibility and innovative plans to battle the pandemic-led plunge in demand. As customers prefer to stay indoors, the retailers are reaching out to them digitally and offering contactless doorstep deliveries......
Why Are Tech Stocks AMD (NASDAQ:AMD) and IBM (NYSE:IBM) Rallying?
October 09, 2020 11:15 PM EDT| By Kunal SawhneyShares of American tech giants Advanced Micro Devices Inc (NASDAQ: AMD) and International Business Machines Corporation (NYSE: IBM) are currently rallying on the stock markets. While AMD hit headlines on Thursday with the news of its latest Ryzen 5.....
TSX Extends Gains, TD Bank & Aurora Cannabis Most Active Stocks
October 09, 2020 10:01 PM EDT| By Team Kalkine MediaCanada’s broad benchmark index, the S&P/TSX Composite, extended gains for the third straight day and added ~28 points or 0.17% to 16,562.81 on Friday. Basic materials, technology and industrials pushed the index higher. However, energy, fin...
Innergex & TransAlta: 2 CleanTech Stocks as Canada Moves to Ban Single-Use Plastic
October 09, 2020 08:32 PM EDT| By Team Kalkine MediaSummary Only 9 per cent of the 3 million tons of plastic waste is recycled in Canada, shows government data. It is estimated that approximately C$11 billion worth of plastic materials will be disposed each year by 2030, if no steps are taken. .....
Mountain Equipment Co-op to lay off fewer employees than planned
October 09, 2020 03:01 PM EDT| By Team Kalkine MediaThe Vancouver-based company is being acquired by US-based Kingswood Capital Management Ltd. MEC said 85 per cent of its workforce will remain employed, as against the previous figure of 75 per cent ...
Canadian Cannabis Retailers acquires CannSell education program
October 09, 2020 03:01 PM EDT| By Team Kalkine MediaCannSell, developed by Lift & Co and Mothers Against Drunk Driving Canada, offers cannabis retail education program in Ontario. The program was acquired from Gotham Green Partners, the security interest holder of Lift & Co.’s...
MTY Food (TSX:MTY) reports Q3 2020 earnings
October 09, 2020 03:00 PM EDT| By Team Kalkine MediaMTY Food Group Inc posted 16 per cent YoY dip in revenues to C$ 135.4 million in third quarter ending 31 August 2020. System-wide sales dropped by 17 per cent YoY to C$ 897.5 million in Q3. The restaurant brand ended the quarter with C$...
Canada adds 378,000 jobs in September
October 09, 2020 03:00 PM EDT| By Team Kalkine MediaThe employment in September rose by 2.1 per cent month-on-month. Employment is now within 720,000 (-3.7%) from pre-COVID levels in February. This is the fifth straight month of job gains, indicating a rebound in the labor market that lost...
TSX index up 59.4 points in early trade
October 09, 2020 02:59 PM EDT| By Team Kalkine MediaThe S&P/TSX composite index gained 59.4 points or 0.36% to touch 16,593.94 at 9:30 am ET, Friday. The surge was led by encouraging employment figures revealed by Statistics Canada. Tech index was up 0.68%, while industrials in...
4 Buzzing Game Stocks: Microsoft Xbox, Sony PS5, GameStop & Enthusiast
October 09, 2020 02:56 PM EDT| By Team Kalkine MediaAs the Covid-19 pandemic forces us to stay indoors, consumption of content on digital platforms has soared. Not just over-the-top (OTT) platforms, but e-sports and e-gaming segments are also witnessing a rush of users and hence, jump in revenues. A.....
Bank of Canada Chief Warns of Future Financial Vulnerabilities: What to Expect
October 09, 2020 02:53 PM EDT| By Team Kalkine MediaBank of Canada governor Tiff Macklem; Source: Bank of Canada Summary Bank of Canada governor Tiff Macklem, in his speech on Thursday, warned Canadians about being “dangerously over-leveraged”. He assured that the central bank...
Barrick (TSX:ABX), Kinross (TSX:KGC) & New Gold (TSX:NGD): 3 Gold Stocks to Watch Out
October 09, 2020 02:50 PM EDT| By Team Kalkine MediaSummary Barrick Gold Corporation (TSX:ABX) acquired 12.4 per cent stake mining exploration company Skeena Resources. Kinross Gold plans to acquire 70 per cent stake in the Peak Gold project in Alaska from Royal Gold and Contango for C$ 93.7 mil.....
Bidenomics plus Democrat Majority could supercharge the Economy as per one Street voice
October 09, 2020 01:55 PM EDT| By Team Kalkine MediaOn 29 September 2020, the world witnessed the very first edition of the US Presidential debate between Donald Trump and Joe Biden and Trump’s showcase of shout fest and lines of mistaken assertions, gave Democrat opponent Biden the much neede.....
Lightspeed (TSX:LSPD) & Fastly (NYSE:FSLY): 2 Trending Tech Stocks
October 09, 2020 06:59 AM EDT| By Team Kalkine MediaSummary Fastly (NYSE:FSLY) and Lightspeed (LSPD:TSX) among top trending stocks in Canadian markets this week. Lightspeed declared Q1 2021 results that shows revenue of US$36.2 million. In Q3 2020, Fastly became available on the Google Cloud Ma.....
TSX Composite Gains 106.24 points; Canopy, Bausch & Aphria top gainers
October 08, 2020 10:57 PM EDT| By Team Kalkine MediaThe TSX Composite Index closed at a higher note for the second consecutive day, up 0.65% or 106.24 to 16,534.54. During the day trading hours, the index tested a high of 16,539.13 and a low of 16,481.57. It traded at a Price-to-Earnings (PE) multiple...
Electronic Major Samsung third quarter profit likely Surged by 58%
October 08, 2020 10:40 PM EDT| By Team Kalkine MediaThe recent economic history has it that during the slowdown induced by Covid-19 pandemic, numerous companies including many consumer electronics companies suffering huge losses. But the slowdown and the lockdowns were unable to hamper the growth of.....
Aurora Cannabis, Aphria and HEXO: 3 Pot Stocks to Explore
October 08, 2020 02:12 PM EDT| By Team Kalkine MediaSummary The S&P/TSX Cannabis Index is down nearly 45 per cent YTD, though marijuana sales have made substantial headways this year. Aurora Cannabis (TSX:ACB) released its fiscal fourth quarter report on September 22, following which is saw .....
Canada’s Parliamentary budget officer calls for rise in federal carbon tax
October 08, 2020 01:08 PM EDT| By Team Kalkine MediaBudget officer Yves Giroux said that the federal carbon tax needs to go up to meet Canada’s emission-reduction targets. The carbon tax is rise by C$ 50 / tonne of emissions by 2022. PBO says tax needs to rise by C$ 117/tonne by 2030...
Cash-strapped Air Canada raises nearly C$ 500 Million
October 08, 2020 01:08 PM EDT| By Team Kalkine MediaThe carrier raised the amount by selling and leasing nine Boeing 737 Max 8s Nine Boeing aircraft were sold for C$ 485 million, said the Montreal-based airline. About C$ 458 million raised via long-term lease commitments. The airline has...
