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Making sense of the markets this week: August 2, 2021

Shopify rings up profits, CEO becomes the richest Canadian entrepreneur Shopify, the Canadian tech darling, has increased its lead as the most valuable company in Canada. Shopify reported this week with revenue and earnings that topped expectations. Quarterly revenue surpassed $1 billion (at $1.11 billion) and quarterly profits climbed. According to the Shopify press release, […]

AbbVie’s post-Humira stalwarts Skyrizi, Rinvoq performing exactly as hoped, CEO says

AbbVie is relying on its next-gen immunology drugs Skyrizi and Rinvoq to fill what will be a massive sales gap once blockbuster Humira faces generic foes in the U.S. And as the company sees it, everything is going according to plan.  As those meds start to take off, the Chicago-based pharma expects the pair to […]

U.K. slaps Advanz Pharma with $140M fine after 1,110% price hike on ‘crucial’ thyroid drug

Drug pricing has become a hot-button issue on both sides of the pond, and late this week, the U.K. dished out another fine taking aim at “unfair” inflation.  Hoping to send the pharma industry a “clear message” on anticompetitive marketing tactics, the U.K.’s Competition and Markets Authority (CMA) on Thursday slapped Advanz Pharma with more than […]

General

Making sense of the markets this week: August 2, 2021

Shopify rings up profits, CEO becomes the richest Canadian entrepreneur Shopify, the Canadian tech darling, has increased its lead as the most valuable company in Canada. Shopify reported this week with revenue and earnings that topped expectations. Quarterly revenue surpassed $1 billion (at $1.11 billion) and quarterly profits climbed. According to the Shopify press release, […]

Bank fees: Everything you need to know before switching to a no-fee account

Types of bank fees and the services they provide The type and amount of fees charged vary by institution, so it’s always important to do your homework. Here are some common and not-so-common fees charged by banks and other financial institutions. Monthly service fees This is a flat rate charged each month to keep your […]

Divorce over 50: managing your finances if you find yourself single in the run-up to retirement

Married couples are generally subject to a division of their property when they split up. The rules differ slightly depending on your province or territory of residence, but for couples who have been married for a long time or who accumulated most of their assets while together, a relatively equal division may result.  There can […]

Is bitcoin a good investment? A guide for Canadian investors

Is bitcoin a good investment in 2021? In terms of absolute numbers, bitcoin’s dominance is undeniable. As king of crypto, it clocked a staggering 300% gains over a one-year period, handily topping the 31% gains for the S&P 500 and 40% for the S&P/TSX Composite Index, for the same time frame, as of June 9, […]

Pharmaceuticals, health and wellness

AbbVie’s post-Humira stalwarts Skyrizi, Rinvoq performing exactly as hoped, CEO says

AbbVie is relying on its next-gen immunology drugs Skyrizi and Rinvoq to fill what will be a massive sales gap once blockbuster Humira faces generic foes in the U.S. And as the company sees it, everything is going according to plan.  As those meds start to take off, the Chicago-based pharma expects the pair to […]

U.K. slaps Advanz Pharma with $140M fine after 1,110% price hike on ‘crucial’ thyroid drug

Drug pricing has become a hot-button issue on both sides of the pond, and late this week, the U.K. dished out another fine taking aim at “unfair” inflation.  Hoping to send the pharma industry a “clear message” on anticompetitive marketing tactics, the U.K.’s Competition and Markets Authority (CMA) on Thursday slapped Advanz Pharma with more than […]

From accelerated approval to the TV airwaves: GBT debuts first DTC campaign for sickle cell med Obryxta

Global Blood Therapeutics is taking its sickle cell messaging for Oxbryta to TV screens in its first DTC promotion launching today. Six sickle cell Oxbryta patients appear in the new commercial, ranging from 17-year-old Tully, who smiles and dances with a friend, to an older man Gerald, who cooks in the kitchen with his wife. […]

The curious case of Eohilia: Takeda drug hit with mysterious FDA delay as company leans on launches for growth

Takeda CEO Christophe Weber has been labeling 2021 as an “inflection year” for the Japanese pharma as it looks to advance its late-stage pipeline and introduce several new drugs. But at least one drug has had a difficult time reaching the market. The FDA has missed its target action date for Eohilia, an oral suspension of the […]

Blockchain

‘Bullish’ Comments on Reddit a Potential Bitcoin Signal

In the never-ending search for signals to give traders an edge, could bullish comments on Reddit serve as a momentum indicator for bitcoin? That’s what a recent graphic by startup ChartStar suggests.  The data visualization company graphed comment data over the past several weeks for the term “bullish” from several popular cryptocurrency Reddit channels (“subreddits”), […]

Crypto Winter Freezes New York Bitcoin Mining Industry

A unique characteristic of many upstate New York cities is their low energy rates. Hydroelectric dams along the St. Lawrence river give residents electricity so cheap that many even heat their homes with it. The region made perfect sense for crypto miners during the “gold rush” days of 2017 and early 2018, and the increased […]

Bitcoin Mining Giant Canaan Raises ‘Hundreds of Millions of Dollars’

Canaan Creatives, the world’s second-largest bitcoin mining chipmaker, has raised ‘hundreds of millions of dollars’ in a new financing round. STCN reported that the latest funding pushed Canaan’s worth to at least a billion dollar. According to a study published by the Hurun Research Institute, Canaan’s valuation was close to $2.98 billion by the end […]

Bitcoin Mining’s Most Surprising Haven

CISCO’s Austin McBride delivered a shocking report at this week’s RSA Conference in San Francisco which claims that 22% of all crypto mining traffic comes from college campuses. Perhaps more interesting, CISCO found that 62% of all crypto mining traffic comes from the US. This is a shift from past years when Asian miners dominated […]

A directory listing for active private placement offerings

Greenway

Raising $5,000,000

Led by the team from DelFresco Pure, this cannabis company boasts an illustrious track-record of growing and distributing. Check out the pre-IPO opportunity before Greenway goes public.

Terms

$0.10 per share

Fire & Flower

Raising $5,000,000

Publicly traded on the TSX.V, Fire & Flower is a growth-oriented cannabis company engaged in the production and sale of medical cannabis. Learn more about Fire & Flower here.

Terms

$0.10 per share

Harvest One Cannabis

Raising $5,000,000

This cannabis company focuses on health and wellness products for medicinal and recreational use. Learn more about Harvest One to see if they’re the missing piece to your portfolio.

Terms

$0.10 per share