News of the day: GDP gains, Ontario nickel mine approval, oilpatch growth, ignoring rate hike risk, Cameco’s Westinghouse IPO and more

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Or sign-in if you have an account.Employees torque a pipe at a wedge well in Alberta. The oil and gas sector helped drive gross domestic product gains in May. Photo by Brent Lewin/BloombergIt’s Friday, July 31. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountCanada’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. The cost to build the Crawford mine would be about US$2 billion, but Canada Nickel Company Inc. will have to raise US$2.5 billion to cover interests and other aspects. Photo by Supplied/Canada Nickel Company Inc.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.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try again A pumpjack works in the foreground with a drilling rig in the back. Some oil and gas companies are investing in new projects to expand production. Photo by Ian Kucerak/Postmedia fileAfter 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. A house that’s been sold in London, Ont. Photo by Mike Hensen/The London Free Press filesMarkets 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. The Braidwood Generating Station nuclear power plant in Braceville, Illinois, contains two Westinghouse reactors. Photo by Daniel Acker/BloombergSaskatoon-headquartered Cameco Corp. has taken the first steps to making its American nuclear power subsidiary a listed company on the U.S. stock market.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.