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Canada Infrastructure bank to invest C$10 Billion to create jobs
October 01, 2020 11:04 AM EDT| By Team Kalkine MediaThe aim of the project is to create 60,000 jobs in priority areas for COVID and fight climate change. About C$ 1.5 billion will be diverted to agricultural infrastructure in Western Canada Nearly C$ 2 billion will invested in broadband pl...
Canopy Growth to introduce cannabis beverages in US
October 01, 2020 11:02 AM EDT| By Team Kalkine MediaThe pot firm will launch THC-infused beverages in the US market. The Ontario-based form will sell the drinks in California and Illinois from 2021. They’ll be available in dispensaries and in liquor and retail locations (if legally p...
Oil price plummets over OPEC supply fears
October 01, 2020 11:00 AM EDT| By Team Kalkine MediaOil hit the lowest point in two-weeks over uncertainties around US stimulus, second virus wave fears and rising supply from OPEC+ producers. Futures in New York lost 6.5 per cent on Thursday. Brent Futures slid US$1.91 to US$40.39 a barre...
How Palantir (NYSE:PLTR) and Asana (NYSE:ASAN) Stocks Fared on Debut Day?
October 01, 2020 10:00 AM EDT| By Team Kalkine MediaSummary Palantir Technologies and Asana Inc made their much-awaited Wall Street debut this week. At US$ 10 per share price, data mining firm Palantir’s market valuation stands at US$ 22 billion. Workplace app Asana debuted at a price of .....
TSX Composite Posts Steep Losses in September, First Drop Since March
September 30, 2020 10:11 PM EDT| By Team Kalkine MediaCanada's leading S&P/TSX Composite Index posted sharp monthly losses, plunging 2.38% in September. This is the first negative monthly close since the market’s free fall in March, which was led by lockdown and pandemic containment measures....
AstraZeneca Share Price Topples as FDA Widens its Inquiry on COVID-19 Vaccine
September 30, 2020 10:00 PM EDT| By Team Kalkine MediaShare price of British-Swedish multinational pharma and biotech company AstraZeneca Plc (LON:AZN) tumbled by 0.56% to close the market at US$54.80 on 30 September 2020. The U.S. Food and Drug Administration (FDA) is still to give approval to Astra.....
Scotiabank (TSX:BNS) and Toronto-Dominion (TSX:TD): 2 Bank Stocks to Watch Out in October
September 30, 2020 07:01 PM EDT| By Team Kalkine MediaThe largest banks in Canada took a massive hit when the markets tanked amid the coronavirus pandemic in March. As they accommodated central bank’s lowered interest rates and deferred loan payments, substantial provisions for credit losses wer.....
Trillium Therapeutics and WELL Health: 2 COVID health stocks to explore in October
September 30, 2020 06:17 PM EDT| By Team Kalkine MediaSummary The COVID pandemic has forced the worldwide health care sector to embrace digitalization and telehealth services. Trillium Therapeutics (TSX:TRIL) and WELL Health Technologies (TSX:WELL) are two Canadian health care stocks that have per.....
Bombardier (TSX: BBD) and HEXO (TSX: HEXO): 2 TSX Stocks Under C$ 1
September 30, 2020 09:20 AM EDT| By Team Kalkine MediaSummary Bombardier Inc (TSX: BBD) is expanding its global customer service base to Europe. The coronavirus pandemic forced HEXO Corp (TSX: HEXO) to implement several cost-control measures this year. Both these stocks gravely suffered amid the .....
TC Energy signs deal with Indigenous group for ownership stake in Keystone XL project
September 30, 2020 09:12 AM EDT| By Team Kalkine MediaThe Calgary-based energy company signed an MoU with the Natural Law Energy. Through this deal, indigenous communities will be given a chance for ownership in the Keystone XL pipeline project, said TC Energy in a statement. Natural Law rep...
Liberals survive as COVID-19 recovery benefits get unanimous support
September 30, 2020 09:06 AM EDT| By Team Kalkine MediaThe House of Commons unanimously passed the COVID-19 legislation in an overnight confidence vote. The new bill has proposed three new streams of federal benefits for those rendered unemployed and underemployed due to the pandemic. The C$...
Canada’s tourism spending drops by 66.3% in second quarter
September 30, 2020 09:04 AM EDT| By Team Kalkine MediaThe tourism spending dropped by C$ 7.0 billion due to the continued travel restrictions and social distancing measures in Canada, said Statistics Canada. The figures are more than four times higher than the first quarter dip of 14.3%. The...
Canada GDP up 3% in July
September 30, 2020 09:00 AM EDT| By Team Kalkine MediaCanada’s real gross domestic product (GDP) grew 3.0% in July, after 6.5% increase in June, said Statistics Canada. The figures are still about 6% below the pre-pandemic level in February. The national statistics agency expects an ap...
How are developing world economies preparing for COVID-19 vaccine deployment and testing?
September 30, 2020 05:07 AM EDT| By Team Kalkine MediaThe ongoing COVID-19 pandemic has affected nearly 33.25 million individuals, including ~1 million deaths, as reported to the WHO as of 5:08 PM CEST on 28 September 2020. Many healthcare companies are engaged in the development of vaccines, treatmen.....
TSX Composite slumps by 31 points
September 29, 2020 10:11 PM EDT| By Team Kalkine MediaNorth American markets declined on Tuesday in the wake of spiking Coronavirus infection cases that poses a threat on the global economic recovery. After three straight days of winning streak, Canada’s benchmark S&P/TSX Composite skidded ~31...
Virgin Galactic (NYSE: SPCE) and Cargojet (TSX: CJT): 2 Trending Industrial Stocks
September 29, 2020 09:08 PM EDT| By Kunal SawhneySummary Virgin Galactic Holdings (NYSE: SPCE) stocks surged nearly 25 per cent on Monday, September 28. Cargojet (TSX: CJT) was named among the top ten stocks on the Toronto Stock Exchange’s (TSX) list of best performing stocks in 2020. .....
Get, Set, Ready: Palantir (NYSE:PLTR) And Asana (NYSE:ASAN) Are About To Go Public
September 29, 2020 06:00 PM EDT| By Team Kalkine MediaTech unicorn Palantir Technology’s (NYSE: PLTR) big day is here. This controversial big data firm is set to go debut on the New York Stock Exchange (NYSE) on Tuesday, September 29. A day later, workplace collaboration app Asana – anothe.....
Canada’s federal deficit to hit C$ 328.5 billion in 2020
September 29, 2020 10:09 AM EDT| By Team Kalkine MediaBudget officer Yves Giroux said that Canada federal deficit is due to an estimated C$ 225.9 billion pandemic aid. In July, PM Justin Trudeau-led government has said that the deficit would be C$ 343.2 billion. The parliamentary budget offi...
Bombardier establishes customer service centre in Europe
September 29, 2020 10:06 AM EDT| By Team Kalkine MediaAs per share purchase agreements with Lufthansa Technik AG and ExecuJet Aviation Group AG, Bombardier (TSX: BBD) will acquire the issued and outstanding shares of Lufthansa Bombardier Aviation Services (LBAS). This will enable Bombardier t...
More organizations plan to freeze salaries in 2021: Survey
September 29, 2020 10:04 AM EDT| By Team Kalkine MediaThe survey, conducted by human resources consulting firm Morneau Shepell, said 13 per cent of 889 organizations plan to freeze pay. The firm earlier estimated 36% organizations froze their salaries in 2020 due to the pandemic. Alberta pro...
