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News
Canada August manufacturing sales declines by 2%
October 17, 2020 04:12 AM AEDT| By Team Kalkine MediaThe fall in sales came after three months of consecutive gains, said Statistics Canada. The decline was due to pullback in automobile and parts sales. The largest drop of 13.7% was recorded in transportation equipment. ...
Shell Canada drops plan to sell Sarnia Manufacturing Centre
October 17, 2020 04:11 AM AEDT| By Team Kalkine MediaThe company plans to stop marketing of Sarnia Manufacturing Centre and its infrastructure sales that includes chemicals plant, refinery and Sarnia and Hamilton Distribution terminals Earlier in January 2019, the company announced its inten...
Bank of Canada to halt emergency liquidity operations as markets improve
October 17, 2020 04:11 AM AEDT| By Team Kalkine MediaThe central bank will scale back its emergency response programs with decrease in funding demands. Holdings under the bank’s three emergency response program dropped from a peak of C$220 billion in June to C$170 billion as of date....
Air Canada (TSX:AC) CEO Calin Rovinescu to retire in 2021, Michael Rousseau named successor
October 17, 2020 04:10 AM AEDT| By Team Kalkine MediaPresent Air Canada president and CEO Calin Rovinescu will retire in February 2021, after being with the company for more than a decade. Mr Rovinescu will be succeeded by current deputy CEO and chief financial officer Michael Rousseau. Air...
‘Dynamite’ Market Debut for Big Hit Entertainment, The Label Behind BTS
October 17, 2020 03:59 AM AEDT| By Team Kalkine MediaImage Source: BTS Summary Big Hit Entertainment raised 962.6 billion won (US$839.4 million) in its IPO. The stocks soared as high as 160 per cent from its IPO price on the first day of trading. BTS members, who were already millionaires, are...
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Utilities & Consumer Cyclicals Pull Up TSX; Aritzia & Bausch Top Gainers
October 16, 2020 01:28 PM AEDT| By Team Kalkine MediaAfter two consecutive days of losses, the broader index of the Toronto Stock Exchange traded 0.28% higher at 16,501.03 on Thursday. Utilities, consumer cyclicals, and industrials indices went up by 0.90%, 0.74% and 0.72% respectively. The S&P/TS...
Fiat Chrysler, Unifor reach tentative deal; automaker to invest C$1.5B
October 16, 2020 04:45 AM AEDT| By Team Kalkine MediaThe trade union has reached a tentative deal for 9,000 employees at Fiat Chrysler plants in Canada. The automaker will invest up to C$ 1.5 billion under the agreement. Fiat will add a second product line to its Windsor plant in Ontario th...
Gaming firm Score Media graduates to TSX
October 16, 2020 04:44 AM AEDT| By Team Kalkine MediaScore Media and Gaming will trade under the symbol SCR on the Toronto Stock Exchange. The company's Class A Shares have been delisted from the TSX Venture. The digital media and sports betting company operates in North America. ...
Pot firm Aphria’s (TSX:APHA) net revenue up 16% YoY
October 16, 2020 04:44 AM AEDT| By Team Kalkine MediaThe cannabis company posted 23 per cent QoQ increase in first quarter fiscal 2021 gross revenue at C$ 69.6 million. This is the sixth consecutive quarter of growth on revenue. Net revenue stood at C$ 145.7 million, up 16% YoY. Ended the...
Fire & Flower (TSX:FAF) & Decibel Cannabis (TSXV:DB) launch cannabis brand Qwest
October 16, 2020 04:43 AM AEDT| By Team Kalkine MediaQwest cannabis brand will introduce a pre-rolled format. The private-label brand is expected to be launched on October 15 in Saskatchewan province. Decibel will manufacture, package and ship Qwest products to Open Fields Distribution, whi...
Fashion retailer Aritzia (TSX:ATZ) reports loss in latest quarter
October 16, 2020 04:43 AM AEDT| By Team Kalkine MediaVancouver-based fashion boutique and designer Aritzia Inc’s net revenue slumped 17 per cent 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 milli...
End of an Era for Yahoo Groups; Curtain Down After 20 Years
October 15, 2020 08:35 PM AEDT| By Team Kalkine MediaFor most of the people who had access to computers in the 90s and early 2000s, Yahoo used to rule the world of internet. Even before Google and Gmail existed, people spent a lot of time using various Yahoo services. After shutting down its iconic .....
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Wall Street on a roller coaster ride, Is the Market Thinking Beyond Elections
October 15, 2020 01:53 PM AEDT| By Team Kalkine MediaThe US tech stocks have marked a strong beginning to the current week and look to add more to the gains from the previous week. 12 October 2020 witnessed the common stocks of Apple Inc. (NASDAQ:AAPL) jump by 6.35%. Amazon.com, Inc (NASDAQ:AMZN) ex.....
TSX down for second consecutive day; TD Bank & Kinross Gold volume leaders
October 15, 2020 01:20 PM AEDT| By Team Kalkine MediaThe TSX Composite Index, the benchmark index of the Toronto Stock Exchange, traded lower for the second straight day and declined 0.34% or 55.43 points to 16,455.40 on Wednesday. The index traded at a Price-to-Earnings (PE) multiple of 17.85x and off...
Barrick Gold’s (TSX:ABX) Twiga Minerals pays $250 million cash dividend
October 15, 2020 01:59 AM AEDT| By Team Kalkine MediaTwiga Minerals Corporation is a joint venture Barrick Gold Corporation and the Tanzanian government. Apart from the $250 million cash dividend, the company has paid nearly $205 million to the Tanzanian government in taxes, royalties and di...
Restaurant Brands (TSX:QSR) releases preliminary Q3 financial report
October 15, 2020 01:58 AM AEDT| By Team Kalkine MediaThe quick service restaurant group expects revenue between US$ 1.32 billion and US$ 1.34 billion in third quarter 2020, down from US$ 1.46 billion same quarter last year. Restaurant Brands International Inc owns Burger King, Tim Hortons, a...
WestJet (TSX:ONEX) slashes workforce, cuts back operation in Atlantic Canada
October 15, 2020 01:58 AM AEDT| By Team Kalkine MediaWestJet Airlines will indefinitely discontinue operations in Charlottetown, Moncton, Sydney, Fredericton and Quebec City. The carrier will also reduce flight services to Halifax and St. John's. The move will result in reduction of 100 fli...
Canada’s GDP to contract by 7.1% in 2020: IMF
October 15, 2020 01:57 AM AEDT| By Team Kalkine MediaThe country's economy will grow by 5.2 per cent in 2021, projected the International Monetary Fund. Global economy set to contract by 4.4 per cent this year due to the coronavirus pandemic, it added. The world economy will expand by 5.2%...
Online brokerage firm WealthSimple is now a unicorn
October 15, 2020 01:57 AM 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...
BlackBerry (TSX:BB) & Cineplex (TSX:CGX): 2 Trending Stocks Under C$ 7
October 15, 2020 12:16 AM AEDT| By Team Kalkine MediaSummary Cyber stocks such as BlackBerry Limited have been in demand since over 48,000 accounts were hit by credential stuffing at the Canada Revenue Agency (CRA) Cineplex stocks suffered a great deal as major films either got delayed till 2021 .....
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