A robust Canadian economy is expected to carry the country's big banks to solid second-half results, but the first tentative steps out of an era of ultralow interest rates and a surging loonie could prove a mixed blessing for profits. Story (James Bradshaw)
After a couple of strong quarters, Canada's big banks are expected to post declines in capital markets revenue in the fiscal third quarter. Story (Niall McGee, for subscribers)
A small Canadian medical-marijuana company that generates some revenue from the United States is slated to go public on Monday amid growing concerns over the legal risks of growing and selling pot in that country, where marijuana is illegal under federal law. Story (Christina Pellegrini, for subscribers)
COMMENTARY
Brian O'Donnell: Artificial intelligence could be the future of banking Comment
Sharon Geraghty: Boards must adapt to deal with increasing shareholder activism Comment
DEALMAKING
Sempra Energy said it will buy Oncor for $9.45-billion (U.S.) in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett's Berkshire Hathaway Inc. Story
The Danish container shipping company A.P. Moller-Maersk AS said Monday that it had agreed to sell its oil and gas business to the French energy giant Total SA for $4.95-billion (U.S.). Story
Malaysia's Petronas is considering acquiring a South Korean firm's minority stake in a B.C. liquefied natural gas project led by Shell after cancelling its rival venture in the province last month. Story (Brent Jang, subscribers)
Herbalife Ltd said it had started buying back up to $600-million (U.S.) of its shares in a modified Dutch tender offer, after talks with an investor to take the company private fell through. Story
eSentire, Inc., a pure-play Managed Detection And Response (MDR) provider with headquarters in Cambridge, Ontario, has secured undisclosed amount growth equity from Warburg Pincus. Evercore acted as exclusive financial advisor to eSentire. Financial terms were not disclosed. The deal was reportedly to be over $100-million (U.S.). Private Capital Journal
Networking giant Cisco has announced plans to acquire hyper-convergence software company Springpath in a deal worth $320-million (U.S.). VentureBeat
IPOs
Spotify Ltd. executives have met with U.S. regulators scrutinizing the music company's plan to skip a traditional share sale and list directly on the New York Stock Exchange, according to people with knowledge of the matter. Bloomberg
ELSEWHERE IN FINANCE
Herbalife Ltd. raised the specter of going private Monday, sending its stock soaring and dealing a blow to William Ackman, the nutritional-supplements company's chief antagonist. Wall Street Journal (subscribers)
An Ontario court has approved the settlement of a $29.5-million class-action lawsuit by investors against alternative mortgage lender Home Capital Group Inc. Story