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News
What is Oregon’s magic mushrooms program? How will it benefit people?
December 04, 2020 02:46 PM AEDT| By Edita Ivancevics for Measure 109, the whole program should be finalised in a two-year time frame. Exactly a month ago, Oregon became the first state in the US to legalise the usage of psychedelic mushrooms for psychiatric purposes. Psilocybin, a ‘magic&...
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S&P/TSX Edges Higher; Suncor, Canadian Natural and Aurora Most Active Stocks
December 04, 2020 09:02 AM AEDT| By Team Kalkine MediaThe broader equity benchmark of the Toronto Stocks Exchange edged higher again on Thursday, riding on a broad-based market rally as investors continued to digest November's solid gains and vaccine news. The S&P/TSX Composite index traded 39.81 po...
Why Are LIZHI & WSP Stocks Soaring Today?
December 04, 2020 03:39 AM AEDT| By Kunal SawhneySummary LIZHI stock jumped by over 80 per cent while WSP Global gained over 10 per cent during early trade on Thursday morning. Chinese audio firm LIZHI stocks soared following its deal in-car audio deal with EV maker Xpeng Motors. WSP Global .....
Discovery (DISCA:US) Enters Online Streaming Service Business
December 04, 2020 01:33 AM AEDT| By Team Kalkine MediaThe US-based media company is entering the increasingly crowded streaming service domain with Discovery+. The non-fiction, real-life subscription streaming service will debut in the US on January 4, 2021. The global rollout of the service...
Goodfood Market Corp’s (TSX: FOOD) Hits 306,000 Subscribers Mark, Up 33% YoY
December 04, 2020 01:32 AM AEDT| By Team Kalkine MediaGoodfood Market Corp, popular online grocery firm, announced that it hit the 306,000-mark after adding 26,000 net new active subscribers in Q1 FY21. This indicates a 33 per cent increase in its active subscribers count as compared to Q1 FY...
Descartes Systems Group Inc (TSX: DSG) Revenues Up 5% YoY
December 04, 2020 01:31 AM AEDT| By Team Kalkine MediaIn the third quarter of fiscal 2021, the software company registered revenues of US$ 87.5 million, an increase of five per cent year-over-year compared to US$ 83 million in Q3 FY20. The amount was also up four per cent quarter-over-quarter....
Fairfax Financial Holdings (TSX: FFH) To Sell RiverStone Europe to CVC Capital
December 04, 2020 01:30 AM AEDT| By Team Kalkine MediaFairfax announced on Wednesday, December 2, that it has signed a binding agreement with CVC Capital Partners. The agreement, it said, requires Fairfax to sell all of its stakes in RiverStone Europe to CVC Strategic Opportunities Fu...
Toronto Home Sales Up 23.3% YoY, But Down 17% MoM
December 04, 2020 01:30 AM AEDT| By Team Kalkine MediaCanada's housing sales recorded another month of a double-digit surge in November. Greater Toronto Area (GTA) listed 8,766 property sales in November, as per data published by the Toronto Regional Real Estate Board (TRREB) on Decem...
Big tech firms making an exit: Is Silicon Valley losing its sheen?
December 03, 2020 01:44 PM AEDT| By Hina ChowdharySilicon Valley, home to many of the world's largest tech companies, seems to be losing its charm among the corporates and tech workers. Recently, a trend has come to light where companies and employees have been observed to be relocating to other p.....
TSX Rises 0.35%, Aurora & Cannabis Top Gainers
December 03, 2020 08:55 AM AEDT| By Team Kalkine MediaThe main index of the Canadian Stock Market, the S&P/TSX Composite Index, closed higher for the second consecutive day and added 61 points or 0.35% to 17,358.21 on Wednesday. TSX healthcare index gained 3.6 per cent with Aurora Cannabis rising by...
Boralex (TSX:BLX) Completes Purchase Of CDPQ's 49% Equity Stake
December 03, 2020 04:02 AM AEDT| By Team Kalkine MediaBoralex has announced that it has completed its acquisition of the previously declared 49 per cent equity stake of Caisse de dépôt et placement du Québec’s (CDPQ) 3 wind farms in Quebec. Boralex made a cash transa...
WELL Health (TSX: WELL) Closes Source 44 Acquisition To Expand Its Cybersecurity Wing
December 03, 2020 04:02 AM AEDT| By Team Kalkine MediaWELL has closed its previously declared acquisition of all the issued and outstanding stocks of Source 44 Consulting Inc. Source 44 offers cybersecurity consulting and professional services to enterprises throughout Canada. The cybersecuri...
NASDAQ Updates Listing Rules, Asks Companies To Appoint Diverse Board Of Directors
December 03, 2020 04:01 AM AEDT| By Team Kalkine MediaStock exchange NASDAQ has filed a proposal with the US Securities and Exchange Commission (SEC) to update its listing requirements for companies. The new rules require companies that are listed on theUS exchange to appoint at least two div...
Boeing 737 MAX To Resume Its Commercial Flight From December 29
December 03, 2020 04:00 AM AEDT| By Team Kalkine MediaBoeing Co’s 737 MAX is set to make come back with media onboard since it was grounded due to tragic crashes. One of its top customers, American Airlines, is seeking to prove that the aircraft is safe to carry passenger. The company&...
WeedMD (TSXV: WMD) Reports 8% QoQ Net Revenue Growth In Q3 2020
December 03, 2020 04:00 AM AEDT| By Team Kalkine MediaWeedMD Inc posted net sales of C$ 6.3 million in the third quarter ending 30 September 2020, down from C$ 6.7 million in Q3 2019. The company’s gross profit stood at C$ 0.07 million in Q3 2020, an increase of C$ 1 million from Q2 202...
Canada’s GDP Grew 8.9% In Q3 2020: What It Means For Economy?
December 03, 2020 01:56 AM AEDT| By Kunal SawhneyCanada’s real gross domestic product (GDP) increased by about 8.9 per cent in the third quarter of 2020, reported Statistics Canada. This growth comes after a decline of 11.3 per cent in the second quarter and that of 1.9 per cent the.....
Where Does Canada Stand In The Global Queue For COVID-19 Vaccines?
December 02, 2020 11:58 PM AEDT| By Team Kalkine MediaWith the Pfizer-BioNTech COVID-19 vaccine getting approval in the United Kingdom and the Moderna jab awaiting greenlight in the United States, one may wonder where Canada stands in the line to get the shot. Amid attack from the opposition party an.....
Canada’s New Spending Plan & C$381B Budget Deficit: How Did It Impact Stock Markets?
December 02, 2020 07:50 PM AEDT| By Team Kalkine MediaThe Canadian government published the much-awaited Fall Economic Statement on Monday, November 30, updating its spending plans and COVID-related emergency support measures. The document projected that Canada’s budget deficit could reac.....
This is how Travis Scott is making his millions
December 02, 2020 07:24 PM AEDT| By Edita IvancevicMost people would probably know Travis Scott as a hugely successful rapper, songwriter, record label owner, and last but not the least, Kylie Jenner's ex-partner. With his many talents, Mr Scott proves himself to be good at what he is doing, as he.....
UK First Nation To Approve Pfizer-BioNTech COVID-19 Vaccine, Roll Out ‘Next Week'
December 02, 2020 06:53 PM AEDT| By Team Kalkine MediaIn a major development, the United Kingdom on Wednesday became the first nation to approve the Pfizer-BioNTech vaccination for public use. The COVID-19 mRNA vaccine candidate will be rolled out from next week, informed UK health secretary Matt Hancoc...
Canadian AI All-Stars: Unveiling the Top Stocks for 2025