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News
Pet grooming services to reopen, families and industry welcome the move
September 20, 2020 12:38 AM AEST| By Kunal SawhneyWhen it comes to pets, many Australians are willing to go the extra mile for their pet's well being. In fact, according to the Animal Medicines Australia (AMA) study conducted in 2019, there are almost 29 million pets in Australia today, which is m.....
TSX Composite Slips for Third Consecutive Day, Down 0.29%
September 19, 2020 01:00 PM AEST| By Team Kalkine MediaEquity benchmark index TSX Composite Index extended losses for the third consecutive day, dropping by 47.75 points or 0.29% to 16,198.97 on Friday. Real Estate, Academic & Educational Services and Energy stocks were the biggest losers, which drag...
Yoshihide Suga takes over Japan’s reigns: A difficult road ahead?
September 19, 2020 12:00 AM AEST| By Team Kalkine MediaJapan’s longest-serving Prime Minister, Shinzo Abe steps down from the power on account of his chronic health issues. His abrupt departure, however, leaves a trail of challenges that would require dedicated focus from his successor, Chief Cab.....
Buffett-backed Snowflake Makes Bumper Market Debut, All That You Need to Know!
September 18, 2020 08:48 PM AEST| By Team Kalkine MediaWhile the IPO market went into a deep freeze in the first half of the year amidst COVID-19-induced fears, the market seems to be springing back to life on rebounding equities and economic recovery hopes. Tapping lucrative opportunity in the revivin.....
How is cryptocurrency going to be regulated in the EU?
September 18, 2020 07:49 PM AEST| By Edita IvancevicNot so long ago, most nations did not completely regulate cryptocurrencies. However, a recently leaked European Commission draft suggests that the EU will soon have laws and regulations that will monitor the capital gained from these digital assets.....
Why we do not understand Bitcoin?
September 18, 2020 07:23 PM AEST| By Edita IvancevicWhen bitcoin emerged back in 2009, no one would have thought it would come to the level where it is, at the present time. It was greeted with scepticism because everyone was used to fiat currencies, thinking that bitcoin was not genuine since it di.....
TikTok Jumping Through Hoops: Anticipated IPO & Hunt For A New CEO Amid White House Decision
September 18, 2020 06:16 PM AEST| By Team Kalkine MediaTikTok has become the hottest point of disagreement between the world’s biggest economies, the United States and China, which have battled over trade, security, and tech dominance amid growth virus spat. The popular short video app, especial.....
US stockpiles Dry up, a big boost for oil prices. Is oil headed higher from here?
September 18, 2020 05:57 PM AEST| By Team Kalkine MediaU.S. crude oil stockpiles are declining as imports from Saudi Arabia are declining and exports rising. The exports have increased by 1.2 million barrels per day, with China being the major consumer. China has imported nearly 1 million barrels per d.....
How Are Global Crude Oil Giants Responding to the New Normal?
September 18, 2020 03:38 PM AEST| By Team Kalkine MediaSaudi Arabia, the world’s largest crude oil producer, has been supplying crude oil at a price lower than international prices to China in order to capture higher market share. However, the market situation changed as China ran out of space to.....
Are Amazon, Tesla, and Alibaba the growth stocks in a slower economic growth world?
September 18, 2020 01:56 PM AEST| By Team Kalkine MediaThe impact of COVID-19 pandemic on the stock market is one such black swan event that caught nearly everybody by surprise, and has possibly impacted the businesses across several sectors Globally, coronavirus swallowed the growth made by numerous .....
TSX Plunges as Technology Stocks Slides Again
September 18, 2020 01:10 PM AEST| By Team Kalkine MediaCanada’s TSX Composite Index ended lower for the second straight day amid the free fall of technology stocks on the New York Stock Exchange. The index plummeted ~ 49 points or 0.30% to 16,246.72, after heavy weight Basic Materials, Energy, Tech...
Bombardier Inc (TSX: BBD) and Air Canada (TSX: AC): Top Trending Stocks on TSX
September 18, 2020 12:11 PM AEST| By Kunal SawhneySummary Canadian investors have continued to show their faith in former top stocks of Bombardier Inc (TSX: BBD) and Air Canada (TSX: AC). Bombardier stocks trended heavily at the Toronto Stock Exchange (TSX) on Tuesday, following the announceme.....
Shopify (TSX:SHOP), Ballard (TSX:BLDP) and Cronos (TSX:CRON) stocks lead TSX30 2020 list
September 18, 2020 12:11 PM AEST| By Team Kalkine Media[Feature Image Caption: Shopify, Ballard and Cronos emerged as the best performing stocks in the TSX30 list] Summary TSX30 is a ranking of thirty top-performing stocks on the Toronto Stock Exchange over a three-year period. The stocks...
Suncor Energy under probe over alleged securities fraud
September 18, 2020 10:09 AM AEST| By Team Kalkine MediaPomerantz Law LLP is investigating claims on behalf of investors if Suncor and its officers engaged in securities fraud or other unlawful business practices. On September 7, Suncor revealed in a press statement about a fire at its Base Pla...
Amazon ropes in Quebec-based The Lion Electric Company for electric vehicles
September 18, 2020 10:06 AM AEST| By Team Kalkine MediaThe Lion Electric Company, which manufacturers electric bus and trucks, will provide the e-commerce behemoth with 10 battery-powered delivery trucks. The vehicles are a part of Amazon’s climate pledge to eliminate CO2 emissions by 20...
Record divestment in Canadian bonds & securities in July
September 18, 2020 10:04 AM AEST| By Team Kalkine MediaNon-resident investors reduced their exposure to Canadian bonds and reduced securities holdings by C$ 8.5 billion in July. Canadian investors acquired C$ 1.3 billion of foreign securities in July, down from C$10.6 billion in June. Foreign...
Zenabis launches public offering units worth C$ 6 Million
September 18, 2020 10:02 AM AEST| By Team Kalkine MediaZenabis Global Inc. (TSX: ZENA), medical and recreational cannabis producer, announced overnight marketed offering of units for gross proceeds of about C$ 6,000,000. Each unit price is C$ 0.085. Net proceeds will be used for the company...
Cannabis firm Fire & Flower posts revenue gain in Q2
September 18, 2020 10:00 AM AEST| By Team Kalkine MediaFire & Flower’s (TSX: FAF) revenue up 158 per cent to C$28.6 million in the second quarter 2020 (ending August 1). Adjusted EBITDA loss of C$0.3 million in latest quarter, down from loss of C$ 4.8 million same period last year....
Is the US set for low-interest rates for the next 3 years? The Fed believes so
September 17, 2020 11:11 PM AEST| By Team Kalkine MediaThe US Federal Reserve Board announced a major policy change on 27 August to keep low-interest rates and allowed inflation to run above 2% to support the labour market and broader economy. The new strategy that was detailed in a speech by Federal .....
Snowflake Debuts on The Exchange at Mind-Numbing Valuations, Price/Sales >100x
September 17, 2020 06:46 PM AEST| By Team Kalkine MediaSnowflake Inc. made a debut at the New York Stock Exchange on Wednesday, 16 September. With the backing of Warren Buffet’s Berkshire Hathaway, the market hype around the stock remained immense, sending the stock over 100% on the first day of .....
Canadian AI All-Stars: Unveiling the Top Stocks for 2024