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News
US Elections 2020: What Donald Trump’s Return Means For Canadian Economy?
November 03, 2020 08:33 PM AEDT| By Team Kalkine MediaBefore the 2016 United States presidential elections, many analysts had predicted that American business tycoon Donald Trump’s win would bring the stock markets to a crash. But when he beat Hillary Clinton to the race on 9 November 20.....
AstraZeneca (AZN) Sells the rights of Two drugs to Cheplapharm for US$400 million
November 03, 2020 05:36 PM AEDT| By Team Kalkine MediaAstraZeneca Plc (LON:AZN) disclosed that it signed an agreement to sell the commercial rights of its hypertension medicines Atacand and Atacand Plus to Cheplapharm Arzneimittel GmbH, a German pharmaceutical company. Cheplapharm&.....
US Elections 2020: What Joe Biden’s Presidency Will Mean For Canadian Economy?
November 03, 2020 04:28 PM AEDT| By Team Kalkine Mediaping Trump’s permit for the Keystone XL pipeline project if he comes to power. With the United States Presidential elections 2020 right around the corner, Canada too is gearing up for likely impacts. However, the impact of Joe Biden becom...
US Presidential election at the fag end, is the market nervous?
November 03, 2020 04:00 PM AEDT| By Team Kalkine MediaWith the US Presidential election 2020 due today i.e. 3 November 2020, the stock market has already given a key signal of the winner. CFRA’s ‘Presidential Predictor’ is showing victory of Joe Biden, the Democratic candidate, defea.....
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Google’s sister company X sheds light on its ambitious mental health project
November 03, 2020 03:55 PM AEDT| By Team Kalkine MediaAlphabet’s X, the Moonshot Factory, recently published a new blog post, detailing the findings of its mental health project called Project Amber. X, Google’s sister company, is a semi-secret research and development facility and organi.....
Healthcare and Industrials Pull S&P/TSX Composite Index Higher
November 03, 2020 02:39 PM AEDT| By Team Kalkine MediaThe S&P/TSX Composite Index closed 116 points or 0.74% higher at 15,696.87 on Monday, paring all losses of the previous trading session. However, the index is still hovering in a bearish territory. At the closing bell, it traded below its...
Annual Growth Post-COVID Could Be Uneven Among Sector: BoC Governor Tiff Macklem
November 03, 2020 04:36 AM AEDT| By Team Kalkine MediaBank of Canada governor Tiff Maclem said the Canadian economy’s rebound in the third quarter of 2020 was “a little stronger” than expected in the July monetary policy report. Macklem, however, stressed that Canada is stil...
Imperial Oil (TSX:IMO) Hits Profit in Q3 After 2 Consecutive Quarter Losses
November 03, 2020 04:35 AM AEDT| By Team Kalkine MediaCanada's Imperial Oil Ltd, which suffered two straight quarters of losses this year due to the pandemic, recorded estimated earnings of C$ 3 million in Q3 2020. Majority owned by Exxon Mobil Corp, Imperial Oil generated a cash flow of C$ 8...
Alberta Govt Launches Petrochemical Program, Drives To Become ‘Top Producer’
November 03, 2020 04:35 AM AEDT| By Team Kalkine MediaThe provincial government has launched Alberta Petrochemicals Incentive Program (APIP) as a part of its recovery plan with the expectation of attracting “billions in petrochemical project investments”. The Alberta government pl...
SNC-Lavalin Group (TSX:SNC) Reports Net Loss Of C$85.1 Million For Q3 2020
November 03, 2020 04:32 AM AEDT| By Team Kalkine MediaSNC-Lavalin reported a net loss of C$85.1 million in Q3 2020, a significant drop from a net income of C$2,756.7 million for Q3 2019. The company recorded cash and cash equivalents worth C$1.1 billion and net recourse debt to EBITDA ratio a...
Aecon Group Inc (TSX:ARE) Gross Profit Increases Due To CEWS In Q3 2020
November 03, 2020 04:32 AM AEDT| By Team Kalkine MediaAecon reported a revenue of C$1,040 million for the third quarter of fiscal 2020, an increase of 1 per cent year-over-year. The company posted a gross profit of C$162.2 million for Q3 2020, saying it was positively impacted by the Canada E...
Ex-Air Canada (TSX:AC) Chief Calin Rovinescu Joins Scotiabank Board
November 03, 2020 04:31 AM AEDT| By Team Kalkine MediaThe Bank of Nova Scotia announced Calin Rovinescu’s appointment just weeks after the announcement of his exit from Air Canada Rovinescu worked as Air Canada’s president and CEO since April 2009, including handling the company's...
Payroll Employment Growth Slumps In August, Energy Sector Continues To Suffer: StatsCan
November 02, 2020 10:10 PM AEDT| By Team Kalkine MediaFive months into the coronavirus pandemic, Canada recorded a decline in the payroll employment growth in the month of August, noted a recent study by Statistics Canada. The national data agency released its August results from the Survey o.....
Weak iPhone sales dragged Apple stock price in after-hours trading
November 02, 2020 12:46 PM AEDT| By Team Kalkine MediaApple Inc. shares declined by 5.2% in after-hours trading on 29 October as the Company once again failed to offer a financial outlook amid the ongoing certainty surrounding the coronavirus outbreak. Since coronavirus related delay caused the new s.....
Housing Stock Growing Faster in Urban Centers Than Rural Areas: 2019 Canadian Housing Statistics
November 01, 2020 03:22 PM AEDT| By Team Kalkine MediaThe Canadian Housing Statistics Program (CHSP) released its housing data for 2019 on Wednesday, October 28. The program expanded its coverage of the provinces of Nova Scotia, Ontario and British Columbia for 2019 survey. Vancouver recorde...
Staycation and workation becoming the latest trends in the hospitality segment
November 01, 2020 01:20 AM AEDT| By Kunal SawhneyCOVID-19 has pushed people to come out of their daily routine and adapt to living in the new normal. The crisis has led the hospitality industry to bring innovation and modifications in their services as countries reopen gradually after seve.....
Why electric trucks are gaining more popularity?
November 01, 2020 12:11 AM AEDT| By Edita IvancevicElectric cars are likely to replace traditional vehicles in the upcoming years, as the demand for sustainable energy grows by the day. However, companies such as Tesla do believe that humanity can get out of the mess it created. Electric vehicles a.....
Walmart Canada Pushes For Enhanced Omnichannel Shopping Experience
October 31, 2020 03:28 PM AEDT| By Team Kalkine MediaThe retail giant is investing over US$ 110 million this year in store renovations and online channel Walmart.ca. Walmart is opening a 10,000-square-foot omnichannel store in Vaughan, Ontario, the largest Walmart store in Canada. The US$ 1...
S&P/TSX Composite Down 0.57%; Enbridge, Bombardier & Suncor Volume Leaders
October 31, 2020 01:03 PM AEDT| By Team Kalkine MediaThe leading benchmark index of the Toronto Stock Exchange, S&P/TSX Composite Index, traded ~90 points or 0.57% lower against the previous trading session and ended at 15,580.64 on Friday. From the weekly return standpoint, the index slumped appro...
Advantage Oil & Gas (TSX:AAV) Posts 6% YoY Growth in Q3 Production
October 31, 2020 05:27 AM AEDT| By Team Kalkine MediaAdvantage reported a total production of 44,448 barrels of oil equivalent per day (89 per cent natural gas) in Q3 2020. In the third quarter for its fiscal 2020, the company’s cash flow from operating activities stood at C$25.3 milli...
Canadian AI All-Stars: Unveiling the Top Stocks for 2025