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FirstService and Tricon Residential: 2 real estate stocks to watch out for
October 06, 2020 12:20 PM EDT| By Team Kalkine MediaSummary Twenty-five per cent drop in average real estate sale prices in the Greater Toronto area from April, the Toronto Real Estate Board states. Slower real estate activity observed in Charlottetown, Halifax and Saint John in March. Ontario .....
5 Industries That Boomed During The COVID Pandemic
October 06, 2020 12:20 PM EDT| By Team Kalkine MediaSummary Most industries suffered substantial damages under the impact of the COVID-19 pandemic earlier this year. But it was “good times” for some businesses. Companies dealing in cleaning supplies, online games, home gym equipm.....
Canadian Natural Resources acquires Painted Pony Energy
October 06, 2020 11:55 AM EDT| By Team Kalkine MediaCanadian Natural Resources Limited (TSX: CNQ) has completed the acquisition of Painted Pony Energy Ltd. (TSX: PONY). Painted Pony shareholders received C$0.69 in cash for each share held. The company will be de-listed from the Toronto Sto...
Canadian Natural Dethrones Suncor as Canada's Most Valuable Energy Company
October 06, 2020 11:30 AM EDT| By Team Kalkine MediaCanadian Natural Resources' market capitalization recently climbed to C$ 25.4 billion, surpassing the C$ 24.8-billion market cap of Suncor Energy. This movement comes as major North American stock indices witness energy stocks sell-off, as...
Canada's Trade Deficit Narrowed in August After Exports and Imports Declined
October 06, 2020 11:30 AM EDT| By Team Kalkine MediaCanada's merchandise trade deficit narrowed to C$ 2.4 billion in August, said a new report by Statistics Canada. Total imports stood at C$ 47.4 billion in August, down 1.2 per cent. Total exports dropped one per cent to C$ 44.9 billion, s...
Toronto home sales up 42.3% in September
October 06, 2020 11:22 AM EDT| By Team Kalkine MediaA total of 11,083 homes were sold in September, up 42.3% year-over-year (YoY), said Toronto Regional Real Estate Board (TRREB). Sales of detached units grew 54.7% YoY while semi-detached up 53% YoY. Sales of townhomes went up by 46.9% whi...
Businesses to Get Rent Relief Under New COVID aid program
October 06, 2020 11:20 AM EDT| By Team Kalkine MediaThe Trudeau government is working on a support program that aims at subsidizing rent for businesses without burdening landlords. A spokesperson for Finance Minister Chrystia Freeland said that her office is currently discussing the next st...
Cineplex (TSX:CGX) and Aphria Inc (TSX:APHA): 2 Stocks Under C$ 7
October 06, 2020 11:05 AM EDT| By Team Kalkine MediaSummary Pot company Aphria Inc is set to announce its first quarter fiscal 2021 results on October 15. Cannabis sales contributed over C$ 9.6 billion to Canada’s GDP in July 2020. Cineplex stocks tumbled nearly 29 per cent on October 5 a.....
Clean Sweep for Biden anticipated, how is Wall Street placed?
October 06, 2020 09:10 AM EDT| By Team Kalkine MediaA dismal blend of coronavirus worries, and presidential uncertainty has grappled Washington, leaving investors worried amid a volatile environment. Coronavirus has infected more than 7 million people in the US and resulted in more than 215,0.....
Share Buybacks and Dividends still under Fed leash: Extends Restrictions
October 06, 2020 02:06 AM EDT| By Team Kalkine MediaDividend stocks have been one of the favourite picks for many investors across time. Companies formulate dividend pay-out policies to cater to the expected needs of investors post taking the capital allocation decision into consideration. There has.....
Where can you use bitcoin?
October 06, 2020 01:05 AM EDT| By Edita IvancevicEver since cryptocurrencies are getting recognised by more and more people, the price of bitcoin has drastically gone up. The high price caused an even higher demand, which resulted in more stores and companies accepting bitcoin as a way of payment.....
TSX continues its winning streak; Aphria and New Gold top movers
October 05, 2020 08:00 PM EDT| By Team Kalkine MediaThe leading equity gauge of the Toronto Stock Exchange, S&P/TSX Composite Index, recorded three consecutive days of gains and settled ~211 points or 1.30% higher at 16,410.19. The index traded above its crucial short-term support level of 50-day...
Canadian Pacific Railways posts best-ever third quarter for grain & grain products shipping
October 05, 2020 11:42 AM EDT| By Team Kalkine MediaCanadian Pacific Railways (TSX: CP) (NYSE: CP) posted its best-ever quarter for the country’s grain and grain products shipping. The shipping figures went up by 10.8 per cent in 7.72 million metric tonnes (MMT) in 2020 as compared to 6.97 MM.....
Suncor Energy (SU:CT) to slash 10% to 15% workforce
October 05, 2020 11:39 AM EDT| By Team Kalkine MediaSuncor is planning to cut about 2000 jobs as the company set to align itself with the current oil price volatility and improve cost structure. Crude oil demand deficit has prompted agencies like the International Energy Agency to curtail their out.....
TC Energy to acquire TC PipeLines in $1.48 billion deal
October 05, 2020 11:36 AM EDT| By Team Kalkine MediaTC Energy Corp (TSX:TRP) already owns a 23.96 per cent stake in TC PipeLines. The company will buy the remaining shares in TC PipeLines in a deal values the pipeline company at about $1.48 billion. In this deal, TC PipeLines shareholders will rec.....
Statistics Canada to release its September job numbers on Friday
October 05, 2020 11:33 AM EDT| By Team Kalkine MediaThe speed of gains in the Canadian job market slowed down in August. The economy added 246,000 jobs, the fourth straight month of gains after jobless claims rose during lockdowns in March and April. Employment spiked by 246,000 (+1.4%) in August,.....
Furniture manufacture Cymax Group to go public
October 05, 2020 11:30 AM EDT| By Team Kalkine MediaThe digital furniture seller plans to list on the Toronto Stock Exchange (TSX). Cymax is looking to explore new ventures such as sheds, barbecues, and fitness equipment. The group also plans to expand abroad to bring more volumes to its websites......
Facedrive (TSXV:FD) and GreenPower Motors (TSXV:GPV): 2 Rising ESG Stocks
October 05, 2020 11:12 AM EDT| By Team Kalkine MediaSummary Forced to confront climate change, biodiversity losses, and dampening outlook of oil & gas sector, Canada is already trying to reduce its economic dependence on fossil fuels. The federal government has diverted billions towards the .....
5 ‘Growth’ Cannabis Stocks from TSXV: 48North, Namaste, VIVO, FluroTech, Organigram
October 05, 2020 10:55 AM EDT| By Team Kalkine MediaSummary The cannabis market contributed over C$ 9.6 billion to Canada’s GDP in July 2020. The top four cannabis producers in Canada account for about C$39 billion in combined market capitalization. The TMX group recently shared a list of.....
Suncor Energy (TSX:SU) and Canadian Natural Resources (TSX:CNQ): Trending Energy Stocks This Week
October 05, 2020 09:20 AM EDT| By Team Kalkine MediaSummary Oil prices revived from a three-week low after US President Donald Trump, who tested positive for COVID-19, left the hospital briefly on Sunday to meet supporters. Stocks of Canadian energy companies such as Suncor Energy (TSX: SU) and .....
