Air Canada (TSX:AC) Posts C$1.3Bn Loss; Aviation Stock Still A Buy?

• May 04, 2021 12:18 PM EDT
• Team Kalkine Media

Canadian firm Bombardier Inc (TSX:BBD.B) has said that it expects robust revenues and earnings for the first quarter of fiscal 2021. The Montreal-based business aircraft maker announced on Monday, May 3, its interim results that project revenues to s...

• May 03, 2021 10:45 AM EDT
• Team Kalkine Media

Summary Canadian airline Cargojet Inc (TSX:CJT) posted total revenues of C$ 160.3 million in its latest quarter. The top freight carrier announced its financial results for the first quarter ending March 31, 2021, on Monday, May 3. Cargojet Pr...

• April 30, 2021 01:40 PM EDT
• Anuj

Initiated in 2019, Air Canada (TSX:AC) and Transat AT Inc (TSX:TRZ) agreed to call off their merger deal earlier in April 2021. Both the companies suffered massive losses due to the pandemic, and so, financials played an important role in the termina...

• April 29, 2021 12:34 PM EDT
• Anuj

Hydrogen fuel cell producer Ballard Power Systems Inc (TSX:BLPD) appears to be gaining momentum on the back of the booming electric vehicle (EV) industry. It has been backed by big brands over years, including Ford Motor Company, Daimler AG and is cu...

• April 26, 2021 12:46 PM EDT
• Anuj

Canadian National Railway Company (TSX:CNR) announced on Monday, April 26, that more than 400 of its stakeholders have extended their support in favor of its Kansas City Southern takeover. However, its stock was trading in red on Monday, marginally ...

• April 23, 2021 12:53 PM EDT
• Team Kalkine Media

Summary Canada’s industrial sector suffered gravely last year due to the coronavirus outbreak. As the Canadian economy recovers, the sector could rebound as well. A report by International Monetary Fund (IMF) predicted that the country&r...

• April 22, 2021 12:33 PM EDT
• Team Kalkine Media

Summary Canadian Pacific Railway (TSX:CP) reported on Wednesday that its net income rose to C$ 602 million, up from C$ 409 million in Q1 2020, in the first quarter of 2021. Most recently, Canadian Pacific made headlines for its clash with rival...

• April 21, 2021 10:03 AM EDT
• Team Kalkine Media

Summary As coronavirus cases continue to rise in Canada, the logistics industry is set to play an instrumental role in ensuring the flow of goods. This brings some logistics stocks to the limelight, such as TFI International Inc (TSX:TFII) and ...

• April 20, 2021 02:15 PM EDT
• Team Kalkine Media

Summary The drone industry has been registering quite a rise in demand across the world. The drone services market is estimated to grow at a compound annual growth rate (CAGR) of about 60 per cent, according to a recent study. Amid rising COVI...

• April 20, 2021 01:38 PM EDT
• Anuj

Canadian Pacific Railway Limited (TSX:CP) and Canadian National Railway (TSX:CNR) are in the midst of an epic bidding war over the acquisition of transportation company Kansas City Southern (KSU:US or NYSE: KSU). The clash reached a new level on Tue...