The vaccine rollout is underway in Canada, and it is picking up pace. This paints a far prettier picture for Canadians and the world in general regarding the pandemic. The onset of COVID-19 and ensuing lockdowns devastated several sectors of the economy. With the possibility of an end to...
The commodity-linked Canadian dollar strengthened to a two-year high against its U.S. counterpart on Thursday as investors bet that the rollout of COVID-19 vaccines would boost economic recovery. "The Canadian dollar has been etching out fresh highs each day this week as markets front-run their expectations of the economic recovery...
American Airlines (AAL) – American’s stock is surging more than 40% in premarket trading after a better-than-expected fourth quarter. The airline lost $3.86 per share, less than the anticipated loss of $4.11, and revenue came in above analyst forecasts. American did post an $8.9 billion annual loss for 2020...
Purpose Investments Inc. (“Purpose”) is thrilled to announce the world’s first Bitcoin ETF, backed by physically settled Bitcoin, is now available to investors. The Canadian dollar denominated ETF non-currency hedged units and U.S. dollar denominated ETF non-currency hedged units of Purpose Bitcoin ETF (the “ETF”) will begin trading today...
Prices across the country rose at their fastest annual rate in a decade last month, with the promise of similar numbers through to the fall as the national economic reopening from pandemic measures allows consumers to spend more freely . Statistics Canada said the 3.6-per-cent increase in the consumer price...
Roblox went public yesterday - and ended up with an eye-watering $38bn market cap. The free-to-download virtual gaming world, which is available on PC, Xbox and mobile, made its market debut on the New York Stock Exchange on Wednesday and its share price quickly soared. According to CNBC, the company's stock...
Canada's housing sector is facing a “moderate” degree of vulnerability to market instability for the second straight quarter and showing signs of overheating for the first time this year, says the country's housing agency. Canada Mortgage and Housing Corp. said Thursday that the brunt of the risks have been shouldered...
The Bank of Canada says the national economy will go in reverse for the first quarter of 2021, hammering the hardest-hit workers again on the path to a recovery that rests on the rollout of vaccines. Workers in high-contact service industries will carry the burden of a new round of...
The largest cryptocurrency, bitcoin, surged to a record high of over $44,000 on Monday following the news that Tesla has invested $1.5 billion in the digital asset and expects to start accepting it as payment. Bitcoin soared fifteen percent to trade at $44,141, closing in on an all-time high reached...
The world's most well-known cryptocurrency Bitcoin smashed through $34,000 for the first time ever in its entire history of 12 years on Sunday. Once the price of the leading cryptocurrency crossed the $30,000 mark for the first time -- something it had struggled to do for the last couple of...