The Liberal government has ordered postal workers to get back on the job. Canada's business and commercial sectors have been taking a hard hit due to rotating strikes imposed by Canada Post employees. The government has given the Canadian Union of Postal Workers (CUPW) 90 days to work with a mediator to come to an agreement, failing which an agreement will be imposed.
Three technological heavyweights have joined forces to bring another cryptocurrency platform into the mainstream. In terms of mergers and acquisitions news affecting investors in Canada, Neo Global Capital, IDG Capital and Matrix Partners have partnered up with KuCoin, to bring cryptocurrency trading into the mainstream through the KuCoin exchange. The three companies have invested a combined total of $20 million in KuCoin so far.
Shareholders in Sears Canada were paid millions of dollars while the company was floundering in 2013. An insolvency monitor appointed by the court has found that those payments are accompanied by unresolved concerns. The findings could lead to major commercial litigation in Canada.
A $5.5 billion agreement has just been signed between Encana Corp. and Newfield Exploration. In the mergers and acquisitions deal in Canada, Encana will not only be getting all of Newfield's shares of common outstanding stock, but will also take on more than $2 billion of Newfield's net debt. This marks Encana's most ambitious acquisition to date.