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News
Shopify and Constellation: Architects of TSX’s Tech-tonic Gains
September 11, 2020 09:00 AM AEST| By Kunal SawhneySummary The pandemic is transforming the global economy and technology has taken the center stage. Tech stocks emerged as the winners in the COVID-roiled markets of 2020. However, the stocks crashed in the first week of September, with the tec.....
What is Stellar?
September 11, 2020 04:31 AM AEST| By Edita IvancevicLaunched in 2015 by Ripple’s co-founder Jed McCaleb, Stellar is a decentralized network that offers sending, receiving, and trading money in any form of fiat or cryptocurrencies. DO READ: The Advent of Cryptocurrencies- Popular Cryptos in Fo.....
LVMH’s Acquisition of Tiffany Gets French Government’s Veto
September 10, 2020 11:22 PM AEST| By Team Kalkine MediaThe luxury jewellery and speciality retailer from the United States (US), Tiffany & Co. got a rude shock and took legal actions against LVMH, a French multinational company that specialises in luxury goods. The lawsuit followed the crucial deve.....
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TSX Settles In Green Territory After 3 Days Of Losses
September 10, 2020 01:00 PM AEST| By Team Kalkine MediaThe TSX Composite Index traded in green zone after three consecutive days of decline. The index added 284.08 points or 1.76% to 16,383.60. Every constituent sector of the TSX Composite index traded in green with basic materials, consumer non-...
Suncor Energy, Air Canada and Manulife: 3 Hot TSX Stocks Under C$ 20
September 10, 2020 01:00 PM AEST| By Kunal SawhneySummary Suncor Energy (TSX: SU), Air Canada (TSX: AC) and Manulife Financials (TSX: MFC) stocks are the most active stocks on the TSX currently Suncor stock’s high trade volumes followed after Warren Buffet’s Berkshire Hathaway acqu.....
InMed Pharmaceuticals Full Fiscal 2020 Financial Results Out
September 10, 2020 11:16 AM AEST| By Team Kalkine MediaThe clinical-stage pharmaceutical company recorded a net loss of C$ 11.9 million for the year ended June 30, 2020, as compared with a net loss of C$ 13.3 million same time last year. The company's cash, cash equivalents and short-term inve...
Fitch Lowers Long-Term WTI & Brent Oil Price Outlooks
September 10, 2020 11:15 AM AEST| By Team Kalkine MediaThe ratings agency cut West Texas Intermediate long-term price assumption from C$52 from C$50 a barrel. Brent crude oil prices lowered from US$55 per barrel to US$53 a barrel in long term base-case scenario. Fitch also lowered 2022 oil pr...
Uber Pledges All-Electric Zero-Emission Fleet by 2040
September 10, 2020 11:14 AM AEST| By Team Kalkine MediaUber will invest US$ 800 million to shift its drivers to electric vehicles through its Green Future program by 2025. The ride-hailing giant is already operating as zero-emission mobility platform in the US, Canada and Europe. The tech com...
Bank of Canada Leaves Key Interest Rate Unchanged, Predicts Faster Economic Rebound
September 10, 2020 05:00 AM AEST| By Team Kalkine MediaSummary The Bank of Canada had assured back in May that the policy interest rate will hold at 0.25 per cent until the economy heals from the COVID-19 impacts. Central bank governor Tiff Macklem is expected to hold a press conference on Thursday.....
Unifor Names Ford Motors as Lead in Detroit Three Labour Negotiation Talks
September 10, 2020 01:02 AM AEST| By Team Kalkine MediaUnifor, Canada’s general trade union, has announced Ford Motors and Co as the Detroit Three automaker to set up the pattern agreement for bargaining in 2020. Unifor National President Jerry Dias made the announcement on Facebook Live...
Aurora Cannabis Expects Writedown of up to C$ 1.8 billion in Q4
September 10, 2020 01:00 AM AEST| By Team Kalkine MediaIn a statement released on Tuesday, Aurora Cannabis said that it expects a writedown of goodwill and intangible assets, which could range between C$ 1.6 and C$ 1.8 billion, in its fourth quarter results. The company also expects a C$ 30 mi...
What is Ripple?
September 10, 2020 12:00 AM AEST| By Edita IvancevicCryptocurrency markets are getting more recognition and investments daily. Anonymity, privacy, easy accessibility and blockchain technology are only a few advantages that attract people into buying cryptocurrencies. ALSO READ: What is a cryptocurr.....
Why has AstraZeneca paused its Phase III COVID-19 vaccine study?
September 09, 2020 07:23 PM AEST| By Edita IvancevicWhat was believed to be the most-promising coronavirus vaccine study from AstraZeneca and the University of Oxford has been paused indefinitely, due to the alleged unexplained illness that one of the participants had developed. Phase III vaccine t.....
S&P/TSX Composite Index Extends Loss for Third Consecutive Day
September 09, 2020 01:11 PM AEST| By Team Kalkine MediaCanada’s benchmark equity index extended losses for the third straight day on Tuesday and declined 118.49 points or 0.73% to 16,099.52. Heavyweight energy stocks dragged the S&P/TSX Composite Index lower followed by information technology s...
Unifor to Announce Detroit Three Strike Target Today
September 09, 2020 11:00 AM AEST| By Team Kalkine MediaUnifor National President Jerry Dias will make the announcement via Facebook Live, broadcasted from Toronto’s Sheraton Centre, at 11 am on September 8. The announcement will reveal which Detroit Three automaker has been chosen to set...
Bank of Canada to Announce Policy Interest Rate on Wednesday
September 09, 2020 10:59 AM AEST| By Team Kalkine MediaExperts expect the Bank of Canada (BoC) will leave the policy interest rate unchanged. In its last announcement on July 15, the BoC maintained the overnight target rate (aka, policy interest rate) at 0.25 per cent. The target rate that th...
TSX index doffs 146 points in early trade
September 09, 2020 06:06 AM AEST| By Team Kalkine MediaThe S&P/TSX Composite Index dropped by 0.90% on September 8, 2020 at 10:20 am EDT. Energy and finance indices down by 6.74% and 1.23%, respectively. Consumer staples index added 2.41 points, up0.38% ...
Artis REIT to Spin-off its Retail Holding, Implements Debt Reduction Initiative
September 09, 2020 06:02 AM AEST| By Team Kalkine MediaThe retail Artis Retail Real Estate Investment Trust (Artis Retail REIT) will focus on defensive, needs-based retail assets. It will include 42 open-air, service-based properties in Western Canada, totaling 2.9 million square feet of gross...
General Motors takes 11% stake in Nikola, teams up for electric truck Badger
September 09, 2020 06:00 AM AEST| By Team Kalkine MediaGeneral Motors will receive $2 billion equity stake (11 percent) in electric vehicle company Nikola and right to nominate one director. In exchange, Nikola will gain access to General Motors’ Ultium battery system and Hydrotec fuel c...
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What is Ethereum?
September 08, 2020 08:43 PM AEST| By Edita IvancevicTo comprehend what Ethereum really is, it is essential to comprehend Internet first. Internet history, passwords, bank details and our personal information are stored online, available for anyone who is good enough at hacking into personal compute.....
Canadian AI All-Stars: Unveiling the Top Stocks for 2024