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Industrial
CP Rail (TSX:CP) Stock Splits 1:5. Will It Hit C$100?
May 14, 2021 12:41 PM EDT| By AnujSplit stocks of Canadian Pacific Railway Ltd (TSX:CP) started trading on Friday, May 14, after opening at a value of C$ 98.38 apiece against its previous close of C$ 487.27. CP Rail stock has surpassed its peers in terms of price performance in the...
Air Canada (TSX:AC) Stock: Should You Buy It Before Q2 Ends?
May 14, 2021 12:16 PM EDT| By AnujThe COVID-19 pandemic, in all its mutant forms, continues to batter aviation companies around the world, including Air Canada (TSX:AC). The top Canadian airline generates its maximum revenue from overseas passengers, and with the COVID-triggered bans...
Hertz (HTZGQ) Stocks Are Up 55% & It’s Not Due To A Meme-Based Rally
May 13, 2021 10:29 AM EDT| By AnujStocks of rental vehicle company Hertz Global Inc (HTZGQ:US, OTCPK:HTZGQ) spiked as much as 55 per cent on Wednesday, May 12. On Thursday morning (10.11AM EST), the stock was up nearly nine per cent. While Hertz has in the past rallied due to...
Air Canada (TSX:AC) Posts C$1.3Bn Loss; Aviation Stock Still A Buy?
May 07, 2021 12:19 PM EDT| By AnujNational carrier Air Canada (TSX:AC) reported lower than expected losses for the first quarter of 2020. Its operational capacity dropped 82 per cent in the first quarter, amounting to a C$ 1.304 billion loss or C$ 4 per common share. The airline bur...
CNR Stocks Rise After Melinda Gates Becomes 6th Biggest Shareholder
May 06, 2021 05:15 AM EDT| By Team Kalkine MediaSummary Melinda now owns a two per cent stake in the company which amounts to C$ 1.8 billion, based on the closing price of C$ 134.95. Bill Gates will continue to hold a 12.3 per cent stake in CNR. The company revealed in its first-quarter ear.....
Bombardier (TSX:BBD) Divests Stake in Alstom: Are Stocks Value Buy?
May 05, 2021 10:08 AM EDT| By Team Kalkine MediaMontreal-headquartered Bombardier Inc. (TSX: BBD.B) is divesting the 3.1 per cent stake it holds in common stock of French manufacturer Alstom SA. Bombardier, a prominent player in global aviation industry, expects that the stake sale will bring ov.....
Is Ballard Power (TSX:BLDP) Stock Dip Worth A Buy?
May 05, 2021 08:44 AM EDT| By AnujStocks of Ballard Power Systems Inc. (TSX:BLDP) plunged as much as 19.5 per cent on Tuesday after the company reported a massive drop in its quarterly earnings. It posted a loss of 6 cents per share as revenue dropped 26 per cent year-over-year (YoY...
Bombardier (TSX:BBD.B) Expects Q1 Revenue To Rise 18%: Should You Buy?
May 04, 2021 12:18 PM EDT| By Team Kalkine MediaCanadian 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...
Cargojet (TSX:CJT) Reports Improved Q1 Revenues. Should You Buy?
May 03, 2021 10:45 AM EDT| By Team Kalkine MediaSummary 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.....
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Does Air Canada (TSX:AC) Regret Scrapping Transat Deal After Bailout?
April 30, 2021 01:40 PM EDT| By AnujInitiated 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...
Why Is Ballard (TSX:BLPD) Trending & What Does It Have To Do With Tesla?
April 29, 2021 12:34 PM EDT| By AnujHydrogen 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...
How Are CP Rail & CNR Stocks Doing Amid Clash Over Kansas City Bid?
April 26, 2021 12:46 PM EDT| By AnujCanadian 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...
2 Industrial Stocks To Buy This Quarter
April 23, 2021 12:53 PM EDT| By Team Kalkine MediaCanada’s industrial sector suffered gravely last year due to the coronavirus outbreak. But as the Canadian economy recovers, the sector could rebound as well. A report by International Monetary Fund (IMF) predicted that the country’s e.....
Canadian Pacific’s (TSX:CP) Q1 Net Income Rises: A Stock To Buy
April 22, 2021 12:33 PM EDT| By Team Kalkine MediaSummary 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.....
TFI International (TFII) & Mullen (MTL): 2 Logistics Stock To Buy
April 21, 2021 10:03 AM EDT| By Team Kalkine MediaSummary 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 .....
Drone Delivery Canada (TSXV:FLT) & EHang: 2 Drone Stocks To Buy
April 20, 2021 02:15 PM EDT| By Team Kalkine MediaSummary 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.....
CN Rail (CNR) Raises Bid Against Rival CP To Buy Kansas City Southern
April 20, 2021 01:38 PM EDT| By AnujCanadian 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...
Will Air Canada (TSX:AC) Rebound In Q2?
April 20, 2021 09:41 AM EDT| By AnujThe federal government’s airline-specific bailout announcement last Monday, April 12, saw Air Canada (TSX:AC) stocks hit the trending charts quite quickly. Despite it, however, its share price has fallen almost 11 per cent in the past one week....
Countries move to ban travel from India as COVID-19 unleashes havoc
April 19, 2021 11:31 PM EDT| By Furquan Moharkanour next week India reported more than 250,000 cases for three days in row The countries across the globe have started to ban travel from India, as the world’s second most populous country is grappling with heavy surge in the COVID-19 cas...
Can Air Canada (TSX:AC) Stock Rise Over C$40 After Fed Deal?
April 14, 2021 07:22 AM EDT| By AnujSource: heychli, Shutterstock Canada’s largest airline landed a breakthrough C$ 5.9-billion deal on Monday with the Canadian government, which includes cheaper interest loan rate of less than 2 per cent annually and an equity stake sale. On to...
