News

SpaceX, NASA Make History with First Crew Dragon Launch to Space
November 16, 2020 04:18 PM AEDT| By Hina ChowdharyAt EST 7:27 PM (Sunday 15 November 2020) the SpaceX Falcon 9 rocket and Crew Dragon spacecraft "Resilience" lifted off four astronauts to the International Space Station, making a historic launch from the Kennedy Space Centre of NASA in Florida. T.....

Everything you need to know about cryptocurrency and related tax regulations
November 16, 2020 03:34 PM AEDT| By Edita IvancevicThe hectic world of cryptocurrency never stops twisting and turning. Cryptocurrencies, primarily bitcoin, have evolved since they appeared for the first time over a decade ago. With significant technological developments and younger generations be.....
InMed Pharmaceuticals (TSX:GUD) Posts Net Loss In Q3 2020
November 15, 2020 10:36 PM AEDT| By Team Kalkine MediaThe net loss stood at C$2.1 million in Q1 FY21 (ended September 30, 2020) as compared to net loss of C$3.4 million a year ago. The company’s cash and cash equivalents and short-term investments were C$6.1 million by the end of Septem...

Biden Gets Ready for White House Despite Trump’s Refusal to Concede
November 15, 2020 12:52 AM AEDT| By Team Kalkine MediaThe presidential race to the White House has finally come to an end with Joe Biden elected as the 46th President of the US on Saturday, 7 November 2020. The Democratic presidential candidate won after giving a tough fight to outgoing US President D.....
Onex (TSX:ONEX) Declares Q3 2020 Results
November 14, 2020 10:36 PM AEDT| By Team Kalkine MediaOnex net earnings stood at C$515 million, which includes C$492 million from investing business and C$23 million from asset and wealth management business. Cash and cash equivalents stood at C$371 million, including C$ 246 from investing un...

Healthcare Pulls Up TSX Composite, Trillium Therapeutics Top Gainer
November 14, 2020 07:59 AM AEDT| By Team Kalkine MediaS&P/TSX Composite Index, the main index of the Toronto Stock Exchange, rose by approximately 93 points or 0.56% at 16,675.64, driven by solid strength in the Healthcare stocks, followed by Academic and Education Services, Consumer Cyclicals and R...

What does Biden taking the throne mean for US-EU trade relations?
November 14, 2020 04:22 AM AEDT| By Hina ChowdharyWith Joe Biden elected as president of the United States, a lot is set to change, particularly in the trade sector. The harsh views maintained by the previous president Donald Trump with regards to international trade damaged the trade channels sev.....

E-commerce boom: Brazil the next major country to reap the benefits
November 14, 2020 04:17 AM AEDT| By Kunal SawhneyE-commerce activity has soared to record heights throughout the current coronavirus pandemic due to rise in demand levels. The widespread use of e-payments from ordering food to shopping online has given a boost to some companies amid the digital p.....
Media Firm BBTV (TSX:BBTV) Revenue Grows On Digital Ads
November 14, 2020 03:13 AM AEDT| By Team Kalkine MediaThe media company’s quarterly revenues touched C$120.7 Million, up 31% YoY, as advertisers flocked to digital mode. The Vancouver-based company reported an 18% increase in views to 121.2 billion in Q3 2020. Gross profit in latest qu...
PM Trudeau Likely To Announce Funds For Provinces Amid COVID
November 14, 2020 03:13 AM AEDT| By Team Kalkine MediaThe Canadian Prime Minister is expected to announce funds for hundreds of millions of dollars for skill training to provinces. The federal government had earlier declared funds worth C$3.5 billion earlier. The PM is pushing for strict mea...
Fiera Capital (TSX:FSZ) Revenues Grows by 6.7% YoY
November 14, 2020 03:12 AM AEDT| By Team Kalkine MediaThe independent asset management firm’s Q3 revenue was C$170.7 million as compared to C$160 million a yea ago. Net earnings in latest quarter stood at C$5.0 million as opposed to net losses of C$4.6 million in Q3 2019. The company a...
Supremex (TSX:SXP) Revenue Up 10.4% In Latest Quarter
November 14, 2020 03:12 AM AEDT| By Team Kalkine MediaThe packaging manufacturer’s total revenue surged to C$49.9 million from C$45.2 million in Q3 2019. Net earnings grew C$2.7 million in Q3 2020 from C$1.2 million in Q3 2019. Net cash flows from operating activities also increased to...
CCL (TSX:CCL) Q3 2020 Operating Income Up over 17%
November 14, 2020 03:11 AM AEDT| By Team Kalkine MediaOperating income went up 17.4 per cent year-over-year to C$246.3 million. Sales increased 1.2 per cent YoY to $1,373.4 million. Net earnings were C$153.3 million in Q3 2020 as compared to C$127.7 million same quarter last year. ...

Ford Unveils New All-Electric Commercial Transit Van
November 13, 2020 04:33 PM AEDT| By Kunal SawhneyAs part of Ford's plan to invest USD 11.5 billion in electric vehicles through 2022, the American automaker company has unveiled its new all-electric Transit van. Ford is expecting to give rivals a good run for their money with E-Transit in the com.....
.jpg)
S&P/TSX Composite Down 1.14%, Gold Futures Up
November 13, 2020 08:42 AM AEDT| By Team Kalkine MediaThe S&P/TSX Composite Index doffed 1.14% or 191.96 points to 16,582.18 on Thursday. However, despite the decline, the index still traded above its crucial long-term, short-term as well as immediate support levels of 200-day, 100-day, 50-day, 30-d...
Aimia Inc (TSX:AIM) Reports Q3 2020 Financial Results
November 13, 2020 02:15 AM AEDT| By Team Kalkine MediaThe company’s net loss in Q3 2020 stood at C$1.1 million, down from a net income of C$30.1 million same quarter last year. However, expenses decreased 16.2 per cent YoY to C$8.8 million. Aimia now has two segments (since Q2 2020): I...
Loblaw (TSX:L) Q3 Revenue Increases By 6.9%
November 13, 2020 02:14 AM AEDT| By Team Kalkine MediaRevenue surged to C$15.67 billion in third quarter 2020, up by over C$1 billion YoY. Operating income of C$718 million in Q3 2020, up 4.1% YoY. The consumer goods firm announced quarterly dividend of C$0.335. ...
International Energy Agency Slashes Oil Demand Forecasts
November 13, 2020 02:14 AM AEDT| By Team Kalkine MediaIEA reduced oil-demand projections for current quarter by 1.2 million barrels a day. The Paris-based agency cut down outlook due to new containment measures and unavailability of vaccines immediately. Fossil fuel will not witness any boos...
Power Corporation of Canada (TSX: POW) Reports Q3 Results
November 13, 2020 02:13 AM AEDT| By Team Kalkine MediaIn the third quarter of 2020, Power Corporation reported net earnings of C$505 million, up from C$359 million in 2019. Net asset value per share of C$34.94 in Q3, an increase of 6 per cent as compared to C$32.96 a quarter ago. Great-West...
Cascades Inc’s (TSX: CAS) Sales Marginally Up In Q3 2020
November 13, 2020 02:13 AM AEDT| By Team Kalkine MediaThe company registered sales of C$1,275 million in the third quarter of 2020, marginally up as compared with C$1,264 million a year ago. The company reported an operating income of C$73 million in Q3 2020, down 22 per cent year-over-year....
Canadian AI All-Stars: Unveiling the Top Stocks for 2025