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It’s Friday, July 31. Here are the top stories we’re following today.
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Canada’s real gross domestic product grew by 0.3 per cent in May and early estimates show the economy expanded again in June, as a second quarter rebound gained steam.
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Ottawa has approved the construction of a mine in Ontario that’s expected to be the largest nickel sulphide operation in the west, a key metal that’s used to build stainless steel and batteries of electric vehicles.
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After reporting billions of dollars in profits, some Canadian energy producers expect to return excess cash to the business by investing in new production — a sharp change from more than a decade of restraint.
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Markets are pricing a 70 per cent chance of the Bank of Canada rate hike landing by December, but it’s not doing anything to stop borrowers from playing variable-rate roulette, writes Robert McLister.
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Saskatoon-headquartered Cameco Corp. has taken the first steps to making its American nuclear power subsidiary a listed company on the U.S. stock market.
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