Financial
Hut 8 (HUT) stock gallops 19% in a week. Buy alert?
February 03, 2022 02:21 AM AEDT| By Kajal JainStocks of Hut 8 Mining climbed over nine per cent on Tuesday, February 1, with 3.85 million shares exchanging hands. The crypto stock was among the top gainers on the S&P/TSX Composite Index this day, right after Spin Master Corp (TSX: TOY). H.....
This Black History Month, take time to explore 2 socially-driven ETFs
February 01, 2022 06:11 PM AEDT| By Raza NaqviFebruary marks the beginning of Black History Month in Canada and the United States. It is a month-long observance to celebrate the achievements of Black people and give a fresh reminder to assess where systemic racism persists. Starting in Februa.....
What Canadian crypto stocks to bag amid selloff?
January 26, 2022 03:16 AM AEDT| By Kajal JainThe cryptocurrency industry has been going through a massive selloff, which led almost all digital currencies to trade in the red. The popular crypto tokens like Bitcoin (BTC) and Ethereum (Ether) also saw a substantial fall in their values. .....
2 stocks to rebalance your portfolio ahead of an interest rate hike
January 21, 2022 02:34 AM AEDT| By Raza NaqviThe Bank of Canada (BoC) is expected to increase interest rates next week as inflation pressure increases. Published reports claim that the central bank could announce the rate hike on Wednesday, January 26. Since March 2020, the central bank kept.....
Toronto-Dominion (TSX:TD) & RBC (TSX:RY) hit 52-week highs, here’s why
January 18, 2022 11:46 PM AEDT| By Kajal JainHighlights The Toronto-Dominion Bank (TSX:TD) and the Royal Bank of Canada (TSX:RY) are creating a buzz in the Canadian stock market. The Canadian bank sector is running hot as the Bank of Canada is under pressure to hike its benchmark in.....
Royal Bank (RY) & CIBC (CM): 2 stocks to bank on as omicron fear rises
January 12, 2022 07:31 PM AEDT| By Kajal JainRoyal Bank of Canada (TSX:RY) and CIBC (TSX:CM) have been popular among investors interested in blue-chip stocks because of their long-term establishment and robust financials. Investors also often eye the big six banks for investment as they are .....
5 best financial stocks of 2021 in Canada
December 30, 2021 12:34 AM AEDT| By Kajal JainThe financial sector constitutes about 32 per cent of the S&P/TSX Composite Index, and thereby plays a crucial role in the economic growth and development of Canada. The S&P/TSX Capped Financial Index has grown by over 30 per cent in 2021,.....
What do Canadians need to know about crypto ETFs?
December 27, 2021 04:26 PM AEDT| By Kajal JainHighlights Crypto exchange-traded funds (ETFs) have been drawing the attention of Canadian investors as investing in them can be a convenient way of gaining exposure to the cryptocurrency world. Investing in such ETFs can be a less cumbersome p.....
5 crypto ETFs trading on Canada’s TSX
December 23, 2021 11:44 PM AEDT| By Ankit SethiHighlights Canada’s TSX was the first to launch a Bitcoin ETF, paving the way for indirect investment TSX shows as many as 27 crypto ETFs in its list to choose from The below five are one of the most traded by volume over past some days .....
5 Canadian multibagger stocks of 2021
December 16, 2021 01:10 AM AEDT| By Raza NaqviCanadian equity markets offer a wide variety of stocks to investors and some of them have given them massive returns since the beginning of this year. Stocks that give more than 100 per cent returns on the original investment as referred to as mul.....
5 best Canadian crypto & blockchain stocks of 2021
December 15, 2021 01:50 AM AEDT| By Kajal JainCryptocurrencies and blockchains became two of the most popular buzzwords worldwide in 2021. Some crypto experts believe that digital currencies that utilize the blockchain technology can go on to rake in much growth in the future. Keeping this in.....
CFVI soars premarket on Rumble news. So, what's next for shareholders?
December 06, 2021 09:57 PM AEDT| By Raza NaqviThe stock of CF Acquisition Corp. VI (NASDAQ:CFVI) soared 31.3 per cent on Monday, December 6, during premarket hours at it was trading at US$ 15.52 per share at 4:30 AM EST. The price surge is due to the investors responding positively to t.....
BMO boosts dividend by 25%, Q4 profit up 36%. A bank stock to buy?
December 04, 2021 01:24 AM AEDT| By Shreya BiswasHighlights Bank of Montreal (TSX:BMO) ended the earnings season for the Big Six banks on Friday, December 3. BMO’s net income surged by 36 per cent year-over-year (YoY) in Q4 FY21. It has announced a 25 per cent boost to its quarte.....
TD & CIBC (TSX:CM) report Q4 profit, hike dividends: Buy call?
December 03, 2021 10:34 PM AEDT| By Kajal JainHighlights Toronto-Dominion Bank saw its adjusted net income grow by 30 per cent year-over-year (YoY) to C$ 3.9 billion in Q4 FY2021. A bank, considered as one of the big banks in Canada, saw its net income grow by 42 per in the fourth qu.....
Which Canadian bank stocks to buy as dividends go up?
December 02, 2021 08:40 PM AEDT| By Kajal JainHighlights The Canadian benchmark index seems to be going through a rough patch amid rising concerns over the omicron variant of COVID-19. The S&P/TSX composite index fell by nearly one per cent on Wednesday, December 1, with most sec.....
RBC (RY) hikes dividend by 11%, National Bank's (NA) up 23%. Buy call?
December 02, 2021 01:31 AM AEDT| By Raza NaqviHighlights On Wednesday, December 1, Royal Bank announced that it will increase its quarterly dividend by 11 per cent to C$ 1.2 per unit. The National Bank has announced that it will increase its dividends by 23 per cent to C$ 0.87 per sh.....
Scotiabank (TSX:BNS) hikes dividend as profit soars in 2021. Buy alert?
December 01, 2021 01:30 AM AEDT| By Raza NaqviHighlights The dividend hike move comes after Canada's banking regulator lifted the ban on dividend hikes. For fiscal 2021, the Bank of Nova Scotia's net income catapulted to C$ 9.96 billion compared to C$ 6.9 billion last year. The Bank.....
Can Canada’s Big Six banks be gearing up for epic dividend hikes?
November 27, 2021 04:22 PM AEDT| By Shreya BiswasHighlights The Big Six banks of Canada are scheduled to release their fourth fiscal quarter earnings results starting this month-end. Now that Canada’s financial services regulator has lifted its ban, government-regulated lenders can rais.....
HIVE stock returns over 700% in a year: Best Canadian crypto stock?
November 23, 2021 02:46 AM AEDT| By Raza NaqviHighlights Hive Blockchain said that its October revenue was US$ 23.4 million, and it produced 234 BTC. In addition, the company produced 2,591 ETH and its executive chairman Frank Holmes said that the company's growth was due to its global ope.....
2 Canadian crypto stocks to explore in Q4 2021
November 18, 2021 02:52 AM AEDT| By Kajal JainHighlights The cryptocurrency market has drawn quite a bit of attention from investors across the world over the past year. A crypto stock mentioned here has zoomed by nearly 1,380 per cent in the past year. A crypto mining company listed belo.....