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News
Are “Work From Home” policies biased towards parents?
September 13, 2020 12:00 AM AEST| By Team Kalkine MediaThe COVID-19 pandemic has redefined the workspace with their humble abode becoming the work zone for the majority of people, post COVID-19 infection infiltrated the society. The concept of “Work from Home” (WFH), which was limited to t.....
TSX Climbs 37 Points, Industrials Biggest Gainer
September 12, 2020 10:07 AM AEST| By Team Kalkine MediaCanada’s leading equity gauge S&P/TSX Composite Index climbed 37.14 points or 0.23% to close at 16,222.46 on Friday. The S&P/TSX 60 index added 3.07 points or 0.32% to 973.383. However, the junior S&P/TSX Venture Composite Index set...
Too Soon to Exit From Monetary Stimulus, Says Bank of Canada Guv
September 12, 2020 06:06 AM AEST| By Team Kalkine MediaBank of Canada (BoC) governor Tiff Macklem, at a recent press briefing, stressed on the central bank’s decision to continue its quantitative easing (QE) program “at the current pace”. The BoC froze its benchmark interest...
Fitness company Peloton’s revenue soars as demand for at-home gym products continue
September 12, 2020 06:04 AM AEST| By Team Kalkine MediaPeloton Interactive, Inc, a New York-based exercise equipment company, reported a fiscal fourth quarter revenue of US$ 607.1 million, a 172 per cent increase from last year. The company raked up a profit of over US$ 89 million in t...
Consumer Debt Rises Due to Recovery in Housing Market and Slower Mortgage, says Equifax Canada
September 12, 2020 06:02 AM AEST| By Team Kalkine MediaA report by Equifax Canada says the country’s total consumer debt has risen to C$ 1.991 trillion in the second quarter of 2020. The housing market’s robust recovery, coupled with a slower payoff of existing mortgages, has led t...
Canada Sees Lowest Household Debt Ratio Since 2010
September 12, 2020 06:00 AM AEST| By Team Kalkine MediaA Statistics Canada report shows that the household credit market debt has fallen to 158.2 per cent of disposable income in the second quarter of 2020. The report said that this was caused by a 10.8 per cent raise in household disposable i...
What is NEO?
September 12, 2020 01:29 AM AEST| By Edita IvancevicNEO is a China-based network and cryptocurrency that is based on a blockchain technology. Da Hongfei and Erik Zhan launched AntShares in 2014, which was later renamed to NEO in 2017. DO READ: What is a cryptocurrency and how to use it? The idea b.....
US elections become a target for hackers
September 11, 2020 06:36 PM AEST| By Edita IvancevicHacker activity connected to Russia, China and Iran was exposed yesterday by Microsoft, stating that they detected cybercrimes targeting upcoming US presidential elections. People and organizations that were a part of both Trump and Biden presiden.....
Before COVID Rattled Stock Markets, There Was 9/11
September 11, 2020 02:53 PM AEST| By Team Kalkine Mediafinancial resilience, while markets in European countries took longer to bounce back. Apart from the staggering levels of loss of lives and infrastructure, the 11 September 2001 terror attacks had a huge impac....
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Water Bottle Maker, Zhong Shanshan Is The New Chinese Billionaire
September 11, 2020 02:09 PM AEST| By Team Kalkine MediaTechnology is an ever-evolving space. With improving and ever-changing features, every time something or other new thing keeps coming. Consequently, we have multiple stories of founders creating fortunes through such businesses. For instance, Zoom.....
TSX Composite Slips 198 Points; Suncor Energy Most Active Stock
September 11, 2020 01:11 PM AEST| By Team Kalkine MediaIn the Thursday trading session, the TSX Composite Index ended 198.28 points or 1.21% lower to 16,185.32. Suncor Energy Inc., Canadian Natural Resources Limited, Enbridge Inc., and Manulife Financial Corporation were the most actively traded stocks d...
Husky Energy Inc Seeks Direct Government Investment in its C$ 2.2-billion West White Rose Project
September 11, 2020 11:32 AM AEST| By Team Kalkine MediaHusky Energy announced on Wednesday that the West White Rose project is being put on review due to a one-year delay in construction delay. The delay in construction, implemented in March, was brought on by the declining prices of oil amid...
House Starts in Canada Hit Record High, Highest Since 2007
September 11, 2020 11:31 AM AEST| By Team Kalkine MediaHouse starts, which reflects the number of new homes under construction, reached 262,396 units in August on an annualized basis, an increase of nearly 7 per cent from 245,425 units in July. The Canada Mortgage and Housing Corp said on Wedn...
Canadian Dollar Rebounds After Three-Week Low
September 11, 2020 11:30 AM AEST| By Team Kalkine MediaThe Canadian dollar strengthened against the US greenback on September 9, trading 0.6 per cent higher at 1.3153 to the dollar. This rebound occurred after oil prices and equity markets recently recovered some of its losses incurred during...
Bombardier & Ballard Power: 2 Industrials Stocks On Investors’ Radar
September 11, 2020 11:29 AM AEST| By Team Kalkine MediaBombardier (TSX: BBD) and Ballard Power Systems (TSX: BLDP) are two stocks that have piqued investors’ interest amid pandemic times. These two stocks, trading on the Toronto Stock Exchange (TSX), are from industrials segment, which has perfor.....
Stung by scandal, WE Charity winds down operations
September 11, 2020 09:12 AM AEST| By Team Kalkine MediaBrothers Craig and Marc Kielburger will step down from the organization they co-founded 25 years ago. WE Charity will sell off its assets to pay off debts and fund existing international programs. The organization was unable to weather CO...
Amazon to hire 2500 staff in Ontario
September 11, 2020 09:12 AM AEST| By Team Kalkine MediaThe ecommerce giant will hire for its two new fulfillment centers in Ontario. The warehouses are expected to be functional by 2021. Amazon has hired over 175,000 people in Canada between April and May. ...
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.....
Canadian AI All-Stars: Unveiling the Top Stocks for 2024