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Long road to recovery for COVID-hit small enterprises, says CFIB | Kalkine Market Update CA|
October 20, 2020 07:22 PM AEDT| By Team Kalkine MediaTo encourage business for small enterprises, the CFIB plans to launch the ‘Big Thank You’ contest as part of its #SmallBusinessEveryDay campaign during the ‘Small Business Week’. The establishment that wins by a draw will be g...
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Canada August manufacturing sales declines by 2% | Kalkine Market Update CA |
October 19, 2020 09:34 PM AEDT| By Team Kalkine MediaThe fall in sales came after three months of consecutive gains, said Statistics Canada. The decline was due to a pullback in automobile and parts sales. The largest drop of 13.7% was recorded in transportation equipment. * Goodfellow (TSX: GDL) re...
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Fashion retailer Aritzia (TSX:ATZ) reports a loss in the latest quarter | CA |
October 16, 2020 08:16 PM AEDT| By Team Kalkine MediaVancouver-based fashion boutique and designer Aritzia Inc’s net revenue slumped 17 percent year-over-year to C$200.2 million in second-quarter fiscal 2021 ended August 2020. Gross profit decreased to C$70.4 million from C$95.4 million same quar...
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Online Brokerage firm Wealthsimple is now a Unicorn | Kalkine Market Update CA |
October 15, 2020 07:58 PM AEDT| By Team Kalkine MediaThe Canada-based digital stock trading platform said on Wednesday that it has raised C$ 114 million from investors. * The funding was led by equity investors TCV, Greylock, Two Sigma Ventures, Meritech, and existing investor Allianz X. * The invest...
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Canada’s GDP to contract by 7.1% in 2020: IMF | Kalkine Market Update CA |
October 15, 2020 08:00 AM AEDT| By Team Kalkine MediaThe country's economy will grow by 5.2 percent in 2021, projected the International Monetary Fund. Global economy set to contract by 4.4 percent due to the COVID-19 pandemic, it added. The world economy will expand by 5.2% next year, but the recove...
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Air Canada revises Transat AT’s acquisition offer deal | Kalkine Market Update CA |
October 13, 2020 09:33 PM AEDT| By Team Kalkine MediaCash-strapped Air Canada (TSX:AC) has lowered its acquisition price offer for tour operator Transat AT Inc (TSX:TRZ). * The airline slashes its purchase offer price to C$ 5 a share from the previous C$ 18, said Air Canada in a statement. * This val...
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Ontario shuts restaurants, gyms, cinemas amid COVID cases resurgence | Kalkine Market Update CA |
October 12, 2020 09:09 PM AEDT| By Team Kalkine MediaIndoor businesses will stay closed for 28 days from Saturday onwards in Ontario (including Toronto, Ottawa, and Peel). * Premier Doug Ford said the province will set aside C$ 300 million to help affected companies. The announcements come ahead of th...
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The TSX gains 0.59% in early trade and the hike in monthly plan prices of Netflix Canada. | CA |
October 09, 2020 08:15 PM AEDT| By Team Kalkine MediaTSX gains 0.59% in early trade * S&P/TSX Composite Index gained 96.46 points to touch 16,524.76 during Thursday morning trade. *Health care and Energy gained the most, up 5.76% and 1.95% *Quarterhill, Bausch Health, and Aphria stocks were the...
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Health Canada nods first antigen rapid test for COVID-19 |Kalkine Market Update CA|
October 08, 2020 08:22 PM AEDT| By Team Kalkine MediaCanada to buy more than 20 million of the rapid antigen tests for COVID-19. This order comes a week after Health Canada approved the use of another rapid test from Abbott Diagnostics in the United States. Canada has also signed a deal with Abbott tha...
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Businesses to Get Rent Relief Under New COVID aid program | Kalkine Market Update CA |
October 07, 2020 11:17 PM AEDT| By Team Kalkine MediaThe Trudeau government is working on a support program that aims at subsidizing rent for businesses without burdening landlords. A spokesperson for Finance Minister Chrystia Freeland said that her office is currently discussing the next steps of the...
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Canadian Pacific Railways posts best-ever third quarter for grain... | Kalkine Market Update|
October 06, 2020 03:16 PM AEDT| By Team Kalkine MediaCanadian Pacific Railways (TSX: CP) (NYSE: CP) posted its best-ever quarter for the country’s grain and grain products shipping. The shipping figures went up by 10.8 percent to 7.72 million metric tonnes (MMT) in 2020 as compared to 6.97 MMT i...
Bed Bath & Beyond sales soar to highest level since 2018 | Kalkine Market Update CA |
October 06, 2020 03:00 AM AEDT| By Team Kalkine MediaBed Bath & Beyond sales soar to the highest level since 2018 The comparable-store sales of the domestic merchandise retail store rose by 6% in the second quarter ended August 29. Quarterly revenues stood at US$ 2.69 billion. The retailer will b...
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2 TSX Bank Stocks to watch out: Bank of Nova Scotia &Toronto-Dominion
October 03, 2020 02:00 AM AEST| By Team Kalkine MediaCanada’s largest lenders took a massive hit when the markets tanked amid the coronavirus pandemic in March. As they accommodated the central bank’s lowered interest rates and deferred loan payments, substantial provisions for credit losse...
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Canada’s real gross domestic product (GDP) grew 3.0% in July | TSX Market Update
October 02, 2020 10:13 AM AEST| 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 approximate...
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Amazon Prime Day event on October 13-14 | TSX Market Update
October 01, 2020 09:20 AM AEST| By Team Kalkine MediaAmazon aims to kick off the holiday season shopping with the two-day annual shopping event. The much-awaited sale event offers exclusive deals and new products, etc for its Prime members. In 2019, Prime Day was held in mid-July, but the pandemic disr...
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Royal Bank of Canada’s Mark Chandler set to retire | TSX Market Update
October 01, 2020 05:00 AM AEST| By Team Kalkine MediaThe dean of Toronto’s trading floors will leave the RBC by October-end after a 20-year-stint at the bank. He is retiring as the head of Canadian fixed income and currency strategy at RBC Capital Markets. Chandler also worked as an economist a...
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Canada July payroll figures out, average weekly earnings at $1,118.40 | TSX Market Update
September 26, 2020 07:00 AM AEST| By Team Kalkine MediaThe July average weekly earnings went up eight per cent in 12 months to $1,118.40. Total employees getting pay or other benefits from their employers rose by 5.1 per cent to 739,700. Hourly-paid employees, who earn significantly less than salaried em...
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