Author: CanadianInvestor

Revolugroup Canada Inc. Revolusend and Bbva Extend Remittance Reach to 52 Brazilian Banks

CanadianInvestor
Revolugroup Canada Inc. Revolusend and Bbva Extend Remittance Reach to 52 Brazilian Banks
Revolugroup Canada Inc. announced this morning that its RevoluPAY EP SL product has received approval from BBVA Transfer Services (BTS) to incorporate 52 Brazilian banks into RevoluSEND. The addition of these banks is expected to substantially increase the RevoluSEND reach into Brazil’s approximately 2.9B US$ annual remittance market. Brazil is also an emitter of remittances, with Canada being one... Read More

FansUnite Entertainment and GameCo to Create the First US Based Esports Sportsbook with Sky Ute Casino

CanadianInvestor
FansUnite Entertainment and GameCo to Create the First US Based Esports Sportsbook with Sky Ute Casino
  VANCOUVER – FansUnite Entertainment Inc (CSE: FANS) (OTCQB: FUNFF) and Las Vegas based GameCo entered a partnership with US Bookmaking and Sky Ute Casino to establish the first dedicated esports sportsbook in the United States. Wholly owned subsidiary Askott Entertainment will supply its iGaming platform, Chameleon, as part of a fully integrated esports betting solution. Through GameCo’s partnership with... Read More

Datametrex AI Announces Release of Nexalogy “SMART” Technology

CanadianInvestor
Datametrex AI Announces Release of Nexalogy “SMART” Technology
  TORONTO – Datametrex AI Limited (TSXV: DM) (FSE: D4G) (OTC Pink: DTMXF) announced the release of its proprietary Nexalogy SMART – Social Media Automated Reporting Technology, an advanced AI technology used to minimize human involvement in data analysis and reporting. It significantly decreases the time required for integration and interpretation of large data sets and report production. It quickly... Read More

Asian shares decline following lacklustre day on Wall Street

CanadianInvestor
Asian shares decline following lacklustre day on Wall Street
  Asian shares sank on Tuesday after a lacklustre day on Wall Street as investors wait to see if Congress can break a logjam on delivering more aid to people, businesses and local governments affected by the coronavirus pandemic. Japan’s benchmark Nikkei 225 index fell after Prime Minister Yoshihide Suga announced a suspension of a travel promotion program that has... Read More

B.C. government says proposed insurance rate decrease is largest in 40 years

CanadianInvestor
B.C. government says proposed insurance rate decrease is largest in 40 years
  VANCOUVER — British Columbia’s public insurance company is applying for a 15 per cent decrease in its basic rates. Solicitor General Mike Farnworth says if the request is approved by the B.C. Utilities Commission, it will be the largest decrease in 40 years. The application is part of the government’s approach to reduce insurance premiums for drivers by an... Read More

Spin Master co-founders plan to step down from co-CEO role next year

CanadianInvestor
Spin Master co-founders plan to step down from co-CEO role next year
  TORONTO — Toy company Spin Master Corp. said on Monday that co-founders Ronnen Harary and Anton Rabie will step down as co-chief executives next year. The maker of Hatchimals and Paw Patrol toys announced that Max Rangel has been appointed global president effective in January and will add the chief executive title in April. Rangel joins Spin Master from... Read More

Transat AT reports huge loss in Q4 as shareholders weigh Air Canada takeover bid

CanadianInvestor
Transat AT reports huge loss in Q4 as shareholders weigh Air Canada takeover bid
  MONTREAL — Transat AT Inc.’s shares fell by as much as 10 per cent in intraday trading on Monday, as the company reported disappointing earnings results for its latest quarter. The Montreal-based tour operator capped an unprecedented year by losing $238.1 million attributable to shareholders in the fourth quarter, with revenues down a stunning 96 per cent from the... Read More

Cameco suspending Cigar Lake uranium production after positive COVID-19 tests

CanadianInvestor
Cameco suspending Cigar Lake uranium production after positive COVID-19 tests
  SASKATOON — Cameco Corp. says it will temporarily suspend production at its Cigar Lake uranium mine in northern Saskatchewan after six positive COVID-19 tests in recent weeks at northern operations, including three at the mine. The Saskatoon-based company says the mine will be placed in a “safe state of care and maintenance,” resulting in a significant reduction in personnel... Read More

Home prices to continue to climb in 2021 as unmet demand carries over: Royal LePage

CanadianInvestor
Home prices to continue to climb in 2021 as unmet demand carries over: Royal LePage
  TORONTO — A new forecast by Royal LePage says home prices are expected to climb higher next year as unmet demand in the second half of 2020 carries over into 2021. The firm says its aggregate home price in Canada is expected to rise 5.5 per cent year-over-year to $746,100 in 2021. Royal LePage chief executive Phil Soper says... Read More