National Business

CALGARY — Advisory firm Glass Lewis says the proposed hostile takeover of Bonterra Energy Corp. would be good for Obsidian Energy Ltd. shareholders but it has "almost no practical likelihood of being successful.

TORONTO — The Dow Jones industrial average brushed up against 30,000 points before closing at a record high on Monday while Canada's main stock index climbed to a nine-month high on positive test results for a second potential COVID-19 vaccine.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,889.81, up 214.17 points.) Enbridge Inc. (TSX:ENB). Energy. Up 62 cents, or 1.66 per cent, to $38 on 22.6 million shares.

As parts of the country step up restrictions to combat rising COVID-19 cases, some observers say a retail phenomenon is emerging: Lockdown loopholes.

TORONTO — Mercedes-Benz Canada says Eva Wiese will become its new CEO in February 2021, becoming the first woman to hold the title.

TORONTO — London-based Endeavour Mining Corp. is buying a second Canadian-based rival to further grow its gold-producing footprint in West Africa. The company announced on Monday an all-stock deal valued at about $2.

The COVID-19 pandemic has primed the Canadian housing market for a particularly busy October, pushing sales to a monthly record in the off-season despite cooling weather and a second wave of infections.

TORONTO — CPP Investments has a cautious outlook for the months ahead despite strong returns through the July-to-September period, with net assets up $22.3 billion or five per cent from the previous quarter.

MONTREAL — Nearly two dozen Transat A.T. executives and directors will see their proceeds from the company's sale to Air Canada drop following a dramatic reduction in the transaction's value.

BERLIN — European privacy activists have filed complaints against Apple over its use of software to track the behaviour of iPhone users.