Tuesday Ticker: June 28, 2022
Toronto, Ontario — This weekly Tuesday Ticker takes a look at Blackberry’s moves in the automotive space; some FFUN in Ontario and a $40 million investment into Canadian new vehicle sales. Fruits of labour BlackBerry, the once-popular, now defunct phone manufacturer, has benefitted from a capital resurgence as their BlackBerry QNX software increases growth within the […]
Tuesday Ticker: June 21, 2022
Toronto, Ontario — In this weekly stock update, Uber loses a North American exec and Tesla CEO Elon Musk makes some curiously timed layoffs. Do the Uber shuffle Dennis Cinelli, the head of Uber’s ride operations in the United States and Canada, is stepping down, according to reports from undisclosed sources. Cinelli is reported leaving […]
Tuesday Ticker: June 14, 2022
Toronto, Ontario — It’s all-electric in this weekly Tuesday Ticker as Tesla proposes a stock split; Rivian updates investors in its first annual shareholders’ meeting and two battery players join forces with B.C.-based Nano One Materials. 3-for-1, but not like the sales Tesla has filed its proxy statement for the upcoming annual meeting of stockholders, […]
Tuesday Ticker: June 7, 2022
Toronto, Ontario — Listen up for this weekly stock report! This week, a Quebec-based convenience giant teases plans to grow bigger, while a new rideshare service tests the waters in smaller B.C. cities. Charge with Couche-Tard Alimentation Couche-Tard said it has deployed “hundreds” of electric vehicle chargers available at 200+ North American locations over the […]
Tuesday Ticker: May 31, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian sees some executive shake-ups amid an already tumultuous year, while another battery tech player sets its sights on Quebec’s cathode active materials (CAM). Do the Rivian shuffle Rivian is reorganizing its executive ranks as one of its top manufacturing officers parts ways with the EV automaker. […]
Loosening the Leash: Ford sells eight million Rivian shares, totalling $214 million
Toronto, Ontario — Ford is shedding some of its shares in electric vehicle upstart Rivian, according to a filing to the U.S. Securities and Exchanges Commission. The legacy automaker sold eight million Rivian shares on Tuesday, an amount totalling $214 million at $26.80 per share; a relatively small offload considering Ford still holds 94 million […]
Tuesday Ticker: May 10, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, AutoCanada picks up two luxury dealerships in Ontario, teasing the potential to expand its collision services; Uni-Select reports a “strong start” to the year with its Q1 2022 financial results, and a Toronto-based parts maker sees big drops in net profits. Leaning on luxury AutoCanada added two […]
Driving Up Business: Driven Brands reports 42 percent Q1 revenue growth from last year
Toronto, Ontario — Driven Brands reported on Wednesday that company revenue saw a 42 percent boost in the first quarter of this financial year. That 42 percent equates to $468.3 million in new revenue versus last year. The company also reported that system-wide sales hit $1.3 billion, which represents 26 percent growth when compared to […]
Tuesday Ticker: April 26, 2022
Toronto, Ontario — In this Tuesday Ticker, General Motors shares some hefty news a mere day before the OEM reveals its Q1 2022 financial reports, while 3M plans to leverage technology from a digital inventory management solutions company. Corvettes and currents General Motors will launch an electric version of the Chevrolet Corvette sports car starting […]
Tuesday Ticker: April 5, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, Uber celebrates ten years in Canada with some key statistics and Hertz plans to add more electric vehicles to its global fleets. Uber’s uber growth Uber shared some key Canadian statistics alongside its 10-year anniversary of operating in the nation–including the fact that Uber drivers and delivery […]
