Samsung interested in Nokia’s mobile networks assets
Nokia’s mobile networks assets are drawing interest from Samsung amid pressure to find new growth in the telecom equipment sector. Read on. Source
Shell to cut 20% of jobs in some oil and gas divisions
Shell is cutting 20 per cent of its workforce in some oil and gas development divisions as it works to boost profitability. Find out more. Source
Couche-Tard seeks Canadian pension fund backing for 7-Eleven bid
Alimentation Couche-Tard is seeking backing from Canada’s largest pension funds to support its acquisition of 7-Eleven. Find out more. Source
Ontario Skills Development Fund Invests $500K in Brampton
Ontario’s Skills Development Fund invests $500K in Brampton, training 1,200 internationally-trained jobseekers for in-demand roles. Source
Monette Pasher: Canada’s airports are already private — selling them to for-profit owners will just mean higher fees
Monette Pasher: Pension funds can play a role in financing airport infrastructure, but forced sales will only mean higher fees. Read more. Source
Air Canada offers rebooking flexibility for flights around possible strike date
Air Canada is offering passengers who have flights around the date of a possible pilot strike next month booking flexibility. Keep reading. Source
RBC posts ‘standout quarter’ on profit beat, but CEO warns economic uncertainty lurks
The Royal Bank of Canada reported a higher profit in its first full quarter since the purchase of HSBC’s Canadian business. Find out more. Source
Jasper wildfire will cost insurers more than $880 million: Insurance Bureau of Canada
The Insurance Bureau of Canada says the wildfire that tore through Jasper is the second-most expensive one in Alberta's history. Read more. Source
Warren Buffett sells more Bank of America shares, reaping US$982 million
Warren Buffett sold an additional US$982 million of Bank of America stock as his firm shrinks its investment in the U.S. bank. Read more. Source
Moody’s downgrades TD’s outlook to negative on cost of U.S. probe
The rising cost of a U.S. investigation into Toronto-Dominion Bank’s money-laundering controls is casting a shadow over the bank. Read on. Source