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News
TSX gains 28.20 points in early Wednesday trade
September 03, 2020 06:19 PM AEST| By Team Kalkine MediaToronto Stock Exchange reported marginal gains of 28.20 points, hitting 16,673 at 9.47 am EDT. Metals & mining and energy indices fell 1.0952% and 1.6047%, respectively, while Financials fell 0.6817%. Telecom and utilities showed impr...
Communication and Utility Stocks Edge Higher on TSX
September 03, 2020 01:00 PM AEST| By Team Kalkine MediaCanadian benchmark index S&P/TSX Composite extended gains for the second straight day and added approximately 52.98 points or 0.32% to 16,697.97. Communication stocks were leading the market and S&P/TSX Capped Communication Index increased by...
Why Are These 2 Retail Stocks Trending? - Dollarama & Walmart Canada
September 03, 2020 06:20 AM AEST| By Team Kalkine MediaDollarama (TSX: DOL) and Walmart Canada (WMT: US) are two retail stocks that has captured investor’s attention this week. The two retail giants have managed to hush critics with their better than expected earnings and soaring sales in their l.....
Wilks Brothers Prep for Calfrac Hostile Takeover
September 03, 2020 06:09 AM AEST| By Team Kalkine MediaCanadian oilfield company Calfrac Well Services said its investors Wilks Brothers are planning a hostile C$26.13 million takeover bid. At a hearing in the Court of Appeal of Alberta, Calfrac said Wilks Brothers plan to make an unsolicited...
Alimentation Couche-Tard Reports 44% Surge in Q1 Net Profit
September 03, 2020 06:06 AM AEST| By Team Kalkine MediaAlimentation Couche-Tard has reported a 44 per cent surge in their net earnings in the first quarter of 2021. The retail chain said its total revenue saw a 7 per cent hike, amounting to US$ 3.9 billion. The company admitted to profit from...
Rogers Communications Expands 5G Network to 50 New Locations
September 03, 2020 06:03 AM AEST| By Team Kalkine MediaThe company introduced 5G mobile network in Canada in January this year It now plans to expand to more than 60 new localities further by the year end, says a report on their website ...
Nuvei Files for IPO in Canada to raise $500-600
September 03, 2020 06:00 AM AEST| By Team Kalkine MediaThe company, which was valued at $2 billion in December 2019, is yet to reveal the IPO price. Nuvei reportedly plans to get listed on the Toronto Stock Exchange as ‘NVUI’ ...
Suncor Energy & TELUS: 2 Dividend-Paying Bluechip Stocks On TSX
September 03, 2020 05:00 AM AEST| By Team Kalkine MediaStocks of Suncor Energy Inc. (TSX: SU) and TELUS Corporation (TSX: T) are on a tear these days. Investors have turned bullish on these two dividend-paying large cap companies, resulting in heavy trading volumes in the month of August. Ther.....
COVID causes Canada's economy to contract by 38.7% in Q2, worst since 1961
September 03, 2020 04:26 AM AEST| By Team Kalkine MediaBeaten by the loss of business due to COVID-19, Canada’s real gross domestic product (GDP) saw a record dip at an annualized rate of 38.7 per cent in the second quarter of 2020. This is the sharpest dip the Canadian economy has witnessed sinc.....
Market Update: TSX Index Moves Back to Green Zone
September 02, 2020 01:11 PM AEST| By Team Kalkine MediaS&P/TSX Composite Index, the leading equity gauge of the Toronto Stock Exchange, traded in the green zone on Tuesday. It added 130.55 points or 0.79% after three consecutive days of losses and closed the session at 16,644.99. Technology and...
Amazon’s ‘Prime Air’ Gets Approval For Drone Fleet to Deliver Packages
September 02, 2020 10:55 AM AEST| By Team Kalkine MediaUS’ Federal Aviation Administration approved the Amazon’s drone fleet to deliver packages in US. The e-commerce giant has testing sites in US, Canada, UK, Australia and other nations. Alphabet’s Wing and United Parcel Se...
Canada To Buy 100 Million COVID-19 Vaccine Doses From Novavax And J&J
September 02, 2020 10:54 AM AEST| By Team Kalkine MediaSeventy-six million doses of NVX-CoV2373 will be brought from Novavax and 38 million doses of Ad26.COV2.S from Johnson & Johnson, said Prime Minister Justin Trudeau. Canada also has Covid-19 vaccine procurement deals with Pfizer Inc an...
Warren Buffett's Berkshire Hathaway Bets Big in Japan
September 02, 2020 10:54 AM AEST| By Team Kalkine MediaBerkshire Hathaway said it has acquired 5% stakes in five Japanese trading houses – Mitsubishi Corp., Itochu Corp., Marubeni Corp, Mitsui & Co. and Sumitomo Corp. The group called it a long-term investment and added that it may i...
COVID causes British Columbia to run C$ 321-million deficit
September 02, 2020 10:53 AM AEST| By Team Kalkine MediaThe pandemic caused the province to rack up a massive deficit against a projected surplus of C$ 274 million for 2019-20. The 2020-21 budget numbers project C$ 12.5 billion deficit for British Columbia. The province is expected to witness...
TSX loses 4.29 points in early Tuesday Trade
September 02, 2020 06:00 AM AEST| By Team Kalkine MediaToronto Stock Exchange reported marginal loss of 4.29 points in Tuesday’s early trade, hitting 16,510 at 9.46 am EDT. Financials and energy fell 0.5949% and 0.01257%, respectively, while metal & mining was up by 0.7867%. Telecom...
Post-COVID Growth Optimism Higher Among Canadian CEOs: Study
September 01, 2020 01:10 PM AEST| By Team Kalkine MediaKPMG study finds CEOs of Canada are more hopeful about the post-COVID future than their global counterparts. Total of 40% CEOs as confident as pre-pandemic times, as compared to just 26% of global CEOs. On three-year economic growth prosp...
Global Renewable Energy Investment To Touch $3.40 Trillion by 2030
September 01, 2020 01:06 PM AEST| By Team Kalkine MediaAnalysis by research firm Frost & Sullivan shows the $2.72 trillion will be invested in wind and solar projects alone in the next decade. In North America, energy service and performance will be worth $19.14 billion in 2030. Tradition...
TSX Index Trades Lower For Second Consecutive Day
September 01, 2020 01:00 PM AEST| By Team Kalkine MediaThe benchmark equity index of the Canadian stock market extended losses for the second consecutive day and traded 191.35 points or 1.14% to 16,514.44. Every constituent sector of the TSX Composite Index settled in red zone on Monday, reflecting that...
TSX Loses 66.68 Points In Early Trade
September 01, 2020 10:02 AM AEST| By Team Kalkine MediaToronto Stock Exchange reports a marginal loss of 66.68 points in Monday’s early trade, hitting 16,639 at 9.46 am EDT. Financials and energy plunged 0.5929% and 1.3071%, respectively, while metal & mining was down by 0.7959%. Te...
Does Air Canada Stocks Have A Better Future Than WestJet Airlines?
September 01, 2020 10:00 AM AEST| By Team Kalkine MediaSummary From wide travel restrictions to the deep plunge in demand for air travel, the impact of coronavirus on the travel industry has been unprecedented. Both Air Canada and WestJet burning through cash to survive this pandemic. As the econo.....
Canadian AI All-Stars: Unveiling the Top Stocks for 2025