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News
Pandemic-Hit Air Canada (TSX:AC) and WestJet Stocks Await Financial Aid
October 09, 2020 12:08 AM AEDT| By Team Kalkine MediaSummary The Canadian airlines’ operations and financial reports have been severely impacted due to COVID-19. Air Canada’s (TSX:AC)) revenue decreased by 89 per cent year-over-year. Private equity investments of ONEX Corporation (TS.....
Bill Gates on COVID: Wait Till Late 2021 to Lead Good Old Times
October 08, 2020 06:48 PM AEDT| By Team Kalkine MediaAmid the prolonged COVID-19 pandemic, many have become habitual of the new ways of living. Number of people have been working from home since long, becoming dependent on digital platforms for socialising, shopping online, making paym.....
Trump's casual attitude towards Covid-19 guidelines raises many eyebrows
October 08, 2020 01:56 PM AEDT| By Team Kalkine MediaAt the backdrop of Covid-19 pandemic and rising tension between the US and China, the US presidential election in the year 2020 is not the usual one. However, the problems have not deterred President Trump. Despite diagnosed with the COVID-19 virus.....
TSX Composite up 1.18%, Canopy Growth & Sleep Country Canada top gainers
October 08, 2020 01:12 PM AEDT| By Team Kalkine MediaThe key Canadian benchmark index Wednesday settled on a higher note at 16428.30 up 192.17 points or 1.18%. On the daily price chart, TSX Composite Index hovering in a bullish price zone. At closing, the index traded above its crucial short-term as we...
Indebted Canadian companies are shoring up balance-sheets: Study
October 08, 2020 04:20 AM AEDT| By Team Kalkine MediaBusiness Development Bank of Canada (BDC) study explains Canadian entrepreneurs are aiming to improve by decreasing operating costs and enhancing cash flow. The study shows MSMEs were hit harder by the pandemic, with 76 per cent report...
Fossil fuel companies hide their carbon forecasts from investors
October 08, 2020 04:20 AM AEDT| By Team Kalkine MediaFossil fuel companies have avoided providing investors carbon-dioxide emissions data. Exxon Mobil Corp, which is set to release earnings data and production forecast data, has never made announcements related to its greenhouse gases em...
Canada Revenue Agency introduces three new temporary income aid
October 08, 2020 04:19 AM AEDT| By Team Kalkine MediaCRA’s three new income support schemes are the Canada Recovery Benefit (CRB), the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiving Benefit (CRCB). Applications for CRSB and CRCB are now live; CRB application...
Health Canada nods first antigen rapid test for COVID-19
October 08, 2020 04:19 AM AEDT| By Team Kalkine MediaCanada to buy more than 20 million of the rapid antigen tests for COVID-19. This order comes a week after Health Canada approved the use of another rapid test from Abbott Diagnostics in the United States. Canada has also signed a deal wit...
Pioneer Power (NASDAQ:PPSI) & Ocean Power Technologies (NASDAQ:OPTT): 2 US Stocks Under C$5
October 08, 2020 12:35 AM AEDT| By Team Kalkine MediaSummary Shares of Pioneer Power Solutions surged 205 per cent on Tuesday. Stocks of Ocean Power Technologies, which focuses on harnessing energy from ocean waves, jumped 107 per cent in the second week of October. Ocean Power Technologies rece.....
3 Canadian Penny Stocks To Watch: Kodiak, CloudMD and Nano One Materials
October 07, 2020 04:42 PM AEDT| By Team Kalkine MediaSummary Penny stocks’ attractive pricing and potential high returns may look appealing to investors. However, these stocks are highly volatile and risky in nature. Investors must do a proper background check for penny stocks. We look at .....
Why has John McAfee been arrested?
October 07, 2020 04:03 PM AEDT| By Edita IvancevicJohn David McAfee, a famous computer programmer and founder of McAfee antivirus software, was arrested in Spain yesterday after being accused of several felonies by the US authorities. Mr McAfee had been accused of evading tax, after earning milli.....
Take away from 1st US Presidential Debate, effect on ASX stocks?
October 07, 2020 03:44 PM AEDT| By Team Kalkine MediaAhead of the crucial elections in the US, President Donald Trump and his Democrat opponent Joe Biden indulged in the first edition of debate on 29 September 2020 in Ohio. Nevertheless, the debate soon turned out to be a chaotic dispute featuring po.....
TSX Composite Ends 3 Days of Winning Streak, Declines 1.06%
October 07, 2020 01:41 PM AEDT| By Team Kalkine MediaThe TSX Composite index settled lower after the three consecutive days of gains, declining by ~174 points or 1.06% at 16,236.13. The index again traded below its crucial short-term support level of 50-day Simple Moving Average (SMA). However, it is t...
5 Industries That Boomed During The COVID Pandemic
October 07, 2020 03:20 AM AEDT| By Team Kalkine MediaSummary Most industries suffered substantial damages under the impact of the COVID-19 pandemic earlier this year. But it was “good times” for some businesses. Companies dealing in cleaning supplies, online games, home gym equipm.....
Canadian Natural Resources acquires Painted Pony Energy
October 07, 2020 02:55 AM AEDT| By Team Kalkine MediaCanadian Natural Resources Limited (TSX: CNQ) has completed the acquisition of Painted Pony Energy Ltd. (TSX: PONY). Painted Pony shareholders received C$0.69 in cash for each share held. The company will be de-listed from the Toronto Sto...
Canadian Natural Dethrones Suncor as Canada's Most Valuable Energy Company
October 07, 2020 02:30 AM AEDT| By Team Kalkine MediaCanadian Natural Resources' market capitalization recently climbed to C$ 25.4 billion, surpassing the C$ 24.8-billion market cap of Suncor Energy. This movement comes as major North American stock indices witness energy stocks sell-off, as...
Canada's Trade Deficit Narrowed in August After Exports and Imports Declined
October 07, 2020 02:30 AM AEDT| By Team Kalkine MediaCanada's merchandise trade deficit narrowed to C$ 2.4 billion in August, said a new report by Statistics Canada. Total imports stood at C$ 47.4 billion in August, down 1.2 per cent. Total exports dropped one per cent to C$ 44.9 billion, s...
Toronto home sales up 42.3% in September
October 07, 2020 02:22 AM AEDT| By Team Kalkine MediaA total of 11,083 homes were sold in September, up 42.3% year-over-year (YoY), said Toronto Regional Real Estate Board (TRREB). Sales of detached units grew 54.7% YoY while semi-detached up 53% YoY. Sales of townhomes went up by 46.9% whi...
Businesses to Get Rent Relief Under New COVID aid program
October 07, 2020 02:20 AM AEDT| By Team Kalkine MediaThe Trudeau government is working on a support program that aims at subsidizing rent for businesses without burdening landlords. A spokesperson for Finance Minister Chrystia Freeland said that her office is currently discussing the next st...
Cineplex (TSX:CGX) and Aphria Inc (TSX:APHA): 2 Stocks Under C$ 7
October 07, 2020 02:05 AM AEDT| By Team Kalkine MediaSummary Pot company Aphria Inc is set to announce its first quarter fiscal 2021 results on October 15. Cannabis sales contributed over C$ 9.6 billion to Canada’s GDP in July 2020. Cineplex stocks tumbled nearly 29 per cent on October 5 a.....
Canadian AI All-Stars: Unveiling the Top Stocks for 2025