Vintage Wine Estates Elects To Delist From TSX After Just 9 Months
The Canadian capital markets have a problem. The continued lack of volume on the nations top level exchange, the Toronto Stock Exchange, continues to drive away public firms from listing. And those that are listed here often don’t stay around for long. Take for instance Vintage Wine Estates (TSX: VWE) whom on Friday evening announced […]
Donetsk Separatist Leader: Full-Scale War on Donbass Can Start Any Moment
A full-out war can break out at any moment in eastern Ukraine, warned separatist leader of self-proclaimed ‘Donetsk People’s Republic,’ Denis Pushilin, as loyal forces to Kiev prepare for an assault. “Kiev can start a full-scale assault on Donbass at any moment, the situation is critical,” said Denis Pushilin to Russian television, merely an hour following […]
Hexo’s Share Consolidation Won’t Save It. Here’s Why.
Earlier this week, Hexo Corp (TSX: HEXO) announced that they would be seeking approval from shareholders, yet again, for a share consolidation. If approved, it would mark the second time in two years that such a transaction occurs, following the firms four to one consolidation in December 2020. The trouble for shareholders, is that a […]
Kinross Sees BMO Lower Target To $11 Following Earnings
On February 16th, Kinross Gold Corp (TSX: K) put out a number of news releases, the first being the fourth quarter dividend amount, which will be US$0.03 per common share. The second release gives details about their climate change strategy, which includes incorporating energy-efficient and renewable energy projects into their operations, to keep climate change […]
CMHC: Rental Market Becoming Less Affordable for Canadians
Canada’s rental market continued to recover throughout 2021, as economic conditions improved and strong vaccination rates bolstered a partial rebound in net migration in the latter half of the year. With that, however, rental affordability is becoming a growing concern, as an increasing number of households are forced to work more hours to maintain monthly […]
Ex-Sony Entertainment CEO-Led Gaming SPAC PowerUp Acquisition Prices Upsized US$250 Million IPO
Special purpose acquisition company PowerUp Acquisition Corp (Nasdaq: PWUPU) started trading publicly on the Nasdaq Global Market today. The company is seeking to raise US$250 million in its initial public offering. The offering consists of 25.0 million company units, upsized from the previous size of 22.5 million units, priced at US$10.00 per unit. Each unit […]
Geopolitical Risk Narrative Is Not Weighing Down Stocks – The Daily Dive
For the final episode of the week for The Daily Dive, we’re joined by Todd “Bubba” Horwitz, CEO of Bubba Trading. Bubba joins us today to opine on the FOMC minutes, the developments between NATO, Russia, and the Ukraine, and the risk geopolitical events present to certain equities and commodities. Also discussed is insider trading […]
Lundin Mining Ends 2021 With US$3.33 Billion In Revenue
Lundin Mining Corporation (TSX: LUN) announced on Thursday its Q4 and full-year financial results for 2021. The mining firm earned US$3.33 billion in revenue for the year, up from 2020’s US$2.04 billion. “We were able to take advantage of the favourable base metal price environment and set many Lundin Mining all-time financial records in 2021,” […]
El Salvador’s Bukele Snubs Washington’s Concerns Over Bitcoin
El Salvador’s president Nayib Bukele rebuked America’s concern over his country’s adoption of bitcoin, reminding Washington that El Salvador is a sovereign nation and not a US colony. “OK boomers,” said Bukele in a tweet on Wednesday. “We are not your colony, your back yard or your front yard. Stay out of our internal affairs. […]
Roku Vs. Q4 2021 Estimates: Misses Revenue, Beats EPS
Roku Inc (Nasdaq: ROKU) reported its Q4 and full-year 2021 financial results on Thursday post-closing bell. The firm earned a quarterly revenue of US$865.3 million, up from Q3 2021’s US$680.0 million and Q4 2020’s US$649.9 million. However, this missed the consensus estimate of US$892.3 million for the quarter. In contrast, the firm beat the estimate for […]