National Business

CALGARY — Obsidian Energy Ltd. extended its hostile takeover bid for rival Bonterra Energy Corp. on Monday and lowered its minimum tender condition.

OTTAWA — Federal Transport Minister Marc Garneau is directing the Canadian Transportation Agency to strengthen rules that require airlines to refund passengers for cancelled flights.

VANCOUVER — A company that supports hundreds of credit unions across Canada predicts British Columbia's housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump.

SMITHS FALLS, Ont. — Canopy Growth Corp. has signed a deal valued at $297 million that will see it give up its ownership in Canopy Rivers Inc., which it established as a venture capital firm to invest in the cannabis sector.

New York-based hedge fund Apollo Global Management has won over key investors in its bid to take Great Canadian Gaming Corp. private, after raising its offer to $45 per share. The new price represents a 15.

The superhero sequel “Wonder Woman 1984” has earned an estimated $38.5 million in ticket sales from international theatres , Warner Bros. said Sunday.

VANCOUVER — Bombardier Transportation says it has signed a deal with TransLink to build 205 new rail cars for Vancouver's SkyTrain network. The contract is valued at $721 million and includes options for up to an additional 400 rail cars.

BEIJING — McDonald’s is selling a sandwich made of Spam topped with crushed Oreo cookies Monday in China in an attention-grabbing move that has raised eyebrows.

BRUSSELS — With yet another Brexit deadline disappearing in the rearview mirror, a breakthrough on fishing rights remained elusive for the European Union and Britain on Sunday — leaving both without a trade agreement that would dull the cutting edge

CALGARY — The sombre mood that has gripped the Calgary-based oilpatch for several years is starting to show flickers of hope, with more financially secure companies making moves to grow in 2021.