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Business News Summary Headlines

Company releases, economic news, and business coverage.

No settlement imminent despite frenzied email exchange over Canada Post offer

OTTAWA - The Trudeau government signalled Monday it was willing to give Canada Post a couple more days to settle a labour dispute with its employees despite pressure from business to end rotating strikes that have caused a month-long backlog of undelivered parcels and mail.

NDP Leader Jagmeet Singh also gave clear indications that if the Liberals introduced back-to-work legislation to force an end to the dispute, they would be in for a rough ride.

Monday, November 19, 2018 | 04:52 PM

Most actively traded companies on the TSX

Some of the most active companies traded Monday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,071.01, down 84.49 points).

Monday, November 19, 2018 | 04:47 PM

Ensign moves up Trinidad bid deadline; target prefers Precision Drilling offer

CALGARY - Rising temperatures in the battle between two Calgary drilling companies for ownership of a third were matched by rising share prices for all three on Monday.

Ensign Energy Services Inc. announced late Friday it will give Trinidad Drilling Ltd. shareholders less time to think about its hostile takeover bid, moving up its deadline for acceptance to Nov. 27 from Dec. 13.

Monday, November 19, 2018 | 04:45 PM

Largest Newfoundland oil spill yet speaks to offshore risks, board says

ST. JOHN'S, N.L. - The largest-ever oil spill off the coast of Newfoundland has raised fresh safety and environmental concerns about how the province's expanding offshore oil industry is regulated.

An estimated 250 cubic metres of oil leaked into the sea southeast of St. John's from the SeaRose oil platform on Friday.

Monday, November 19, 2018 | 03:22 PM

David's Bridal preparing to open new Canada store despite bankruptcy filing

David's Bridal store customers, including those in Canada, won't be affected by the company's U.S. filing for bankruptcy protection because operations will continue as normal while the wedding and prom retailer restructures.

"We will not be closing stores due to this announcement. In fact, we will be opening our 12th Canadian store in Vaughan at the end of December," said spokeswoman Callie Canfield Worthington.

Monday, November 19, 2018 | 02:47 PM

Nissan chairman arrested in probe of financial misconduct

YOKOHAMA, Japan - Nissan Chairman Carlos Ghosn, who became one of the auto industry's most powerful executives by engineering a turnaround at the Japanese manufacturer, was arrested Monday and will be fired for allegedly underreporting his income and misusing company funds, the automaker said.

The scandal reverberated across the globe and abruptly threw into question Ghosn's future as leader of the Renault-Nissan-Mitsubishi alliance, which sold 10.6 million cars last year, more than any other manufacturer.

Monday, November 19, 2018 | 02:05 PM

Yellow Pages ends lockout of Quebec sales employees after deal ratified

MONTREAL - Yellow Pages Ltd. says its lockout of sales representatives in the province of Quebec has been lifted after they ratified a new three-year collective agreement.

The Montreal-based publisher of digital and paper-based advertising announced in mid-September that it was locking out about 130 of its unionized employees after the two sides failed to reach a labour agreement.

Monday, November 19, 2018 | 11:17 AM

Plans to expand Detroit's Motown Museum get $500,000 boost

DETROIT - The Motown Museum's expansion plans are getting a $500,000 boost.

The grant from the DTE Energy Foundation was announced Monday by Robin Terry, CEO and chairwoman of the museum . The money will help support the development of an education and community engagement space at the museum for young artists that also will house the museum's summer camp programs.

Monday, November 19, 2018 | 11:02 AM

CPPIB, GLP, QuadReal form logistics partnership focused on six EU countries

TORONTO - Canada Pension Plan Investment Board has committed the equivalent of $678 million to a partnership that will focus on developing modern logistics facilities in six EU countries.

One of CPPIB's partners is GLP, a Singapore-based global operator of logistics facilities that entered the European market in December 2017, and the other is QuadReal Property Group of Vancouver.

Monday, November 19, 2018 | 10:01 AM

Fairfax acquires 13.7 per cent stake in Stelco for $250 million

TORONTO - Fairfax Financial Holdings Ltd. says it has bought a 13.7 per cent stake in steel producer Stelco Holdings Inc. for roughly $250 million.

The insurance-focused financial services company says it has acquired 12.2 million common shares of the Hamilton-based firm for $20.50 each.

Monday, November 19, 2018 | 09:29 AM