CP Rail (TSX:CP) Stock Splits 1:5. Will It Hit C$100?

• May 06, 2021 07:48 AM EDT
• Team Kalkine Media

Summary This move comes amid ongoing M&A and consolidation in the Canadian cannabis industry. Earlier, Sundial Growers had acquired more than 10 per cent stake in Valens Co. Sundial raised US$ 218 million in February through several regist...

• May 06, 2021 07:28 AM EDT
• Anuj

Stocks of Peloton Interactive (PTON:US, NASDAQ:PTON) witnessed a sharp plunge on Wednesday, May 5, just a day before announcing its quarterly results. The company had extraordinary sales of its fitness products last year due to stay home orders or wo...

• May 06, 2021 05:15 AM EDT
• Team Kalkine Media

Summary 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...

• May 05, 2021 12:19 PM EDT
• Team Kalkine Media

Gold stocks rallied as commodities prices shot up as markets stumbled in 2020. This year, another metal could see significant growth. Copper looks promising and on April 27, it rose to a 10-year high of US$ 4.49 a pound (May copper contract). Notably...

• May 05, 2021 10:52 AM EDT
• Team Kalkine Media

Summary Beating analyst expectations, Barrick Gold reported a 78 per cent increase in adjusted profit amounting to US$ 507 million. Barrick’s Loulo-Gounkoto complex delivered 193,014 ounces of gold and it is on target to extract 640,000-7...

• May 05, 2021 10:38 AM EDT
• Team Kalkine Media

Summary In the initial phase of the pandemic, Canadians stockpiled groceries and other essential consumer goods. Loblaw posted revenue of C$ 11,827 million, an increase of 0.6 per cent from the first quarter of 2020. Loblaw is one of the bigge...

• May 05, 2021 10:08 AM EDT
• Team Kalkine Media

Summary The stake sale can bring over US$630 million in revenues Bombardier has previously sold its rail manufacturing vertical to Alstom The company says it is anticipating higher revenues for the first quarter of 2021 Montreal-h...

• May 05, 2021 08:44 AM EDT
• Anuj

Stocks 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...

• May 05, 2021 05:15 AM EDT
• Team Kalkine Media

Summary According to the Government of Canada, market demand for agricultural commodities will remain strong this year. Nutrien claims to be the world's largest fertilizer producer by capacity and it offers a 2.03 per cent return on equity (ROE...

• May 05, 2021 04:58 AM EDT
• Team Kalkine Media

Summary Newport Exploration Ltd. holds 100 per cent interest in Chu Chua sulphide project Input Capita Corp. acquired SRG Security Resource Group in February 2021 Diversified Royalty Corp. stock is up 5.39 per cent over 3-month period Pen...