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U.S. GDP rose at a three per cent annualized rate during the April-June period, up from the previous estimate of 2.8 per cent. Keep reading. Source

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 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

Alimentation Couche-Tard is seeking backing from Canada’s largest pension funds to support its acquisition of 7-Eleven. Find out more. Source

Ontario’s Skills Development Fund invests $500K in Brampton, training 1,200 internationally-trained jobseekers for in-demand roles. Source

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 is offering passengers who have flights around the date of a possible pilot strike next month booking flexibility. Keep reading. Source

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

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 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