Canaccord Raises Price Target On Alimentation Couche-Tard After Mixed Quarter
Last week, Alimentation Couche-Tard Inc. (TSX: ATD.B) reported its fiscal first quarter financial results. The company reported revenues of $13.57 billion, up 11% sequentially. Gross profits grew 15.4% to $2.6 billion or a 19.1% gross margin. The company reported a net income of $764 million or earnings per share of $0.71. Total merchandise and service revenues […]
Canadian GDP Unexpectedly Falls 1.1% in Q2, Fueling Concerns of Economy’s Resilience
Canada’s economy unexpectedly contracted in the second quarter, giving rise to concerns over the strength of the recovery. Statistics Canada reported on Tuesday that GDP slumped 0.3% in the second quarter, and is down 1.1% compared to the period between April and June of last year. The latest decline follows three straight months of quarterly […]
InsuraGuest: Gaining Traction Via New Integrations And A Strengthened Executive Team
InsuraGuest Technologies Inc. (TSXV: ISGI) as of late has been working to grow its profile and client base within the insurtech industry. Over the last several weeks, notable integrations have occurred, while the firm has also added multiple industry veterans to its leadership team in a bid to drive continued growth in user adoption. InsuraGuest […]
Canadian Consumer Confidence Plummets by Most Since April 2020
Confidence among Canadian consumers fell by the most since the depths of the pandemic, suggesting that the elevated sentiment that sparked Prime Minister Justin Trudeau’s bid for re-election may soon be fading. The Bloomberg Nanos Canadian Confidence Index, which collects views from 250 respondents regarding their economic outlook, personal finance, and jobs security, declined 1.6 […]
K92 Mining Sees Analysts Reiterate Ratings Following Drill Results
Last week, K92 Mining Inc. (TSX: KNT) reported their Judd Vein System drill results, which included 8.51 metres of 49.93 g/t gold equivalent and 3.70 metres of 53.63 g/t AuEq. The results come from 17 different drills and is located 150-200 miles east from the producing Kora deposit and within the mining lease. Below are […]
Tech SPAC Digital World Acquisition Prices Downsized US$250 Million IPO
Special purpose acquisition company Digital World Acquisition Corp. (Nasdaq: DWACU) started trading publicly on the Nasdaq Global Market Friday. The company is seeking to raise US$250 million in its initial public offering. The offering consists of 25.0 million company units priced at US$10.00 per unit, down from the initial 30.0 million units. Each unit is […]
Only Fans Banning Content Explained
If you didn’t know who OnlyFans was a month ago, we can forgive you. However, if you hadn’t heard of them and you follow the news, you probably read about them last month when they made headlines for attempting to take a hand grenade to their business model by banning sexually explicit content. Of course, […]
Toronto Home Prices Remain Above $1 Million as Supply Crumbles
Canada’s largest real estate market continued to see soaring housing prices, as supply levels fell even lower. According to the Toronto Regional Real Estate Board (TRREB), there were a total of 8,596 property transactions across the Greater Toronto Area in August, down 19.9% from the same month a year earlier. Sales of detached homes plummeted […]
Well Health, Bombardier To Be Added To S&P/TSX Composite Index
The latest changes for the S&P/TSX Composite Index, assembled by S&P Down Jones Indices, were announced after the bell. It appears that the month of September will see the addition of two notable Canadian small cap names, as well as the returned of an industrial giant removed last year. Perhaps the largest name that will […]
Peloton’s App Usage Plunges 42% in 4 Months as Customers Lose Confidence in Product Safety
Merely a week after reporting its wort quarter to date, it appears that the bad news for Peloton Interactive (NASDAQ: PTON) continue to pile up. The fitness company has seen a significant decline in its app usage, as customers are not only beginning to return to gyms and workout classes, but are also losing confidence […]