News Summary

• Teck shares took a bit of a dive, falling about 10 per cent to $54 a share.
• The reason?
• Canada’s Industry Minister, Mélanie Joly, made it clear Ottawa believes Anglo and Teck are not offering “enough” to satisfy the Carney government's national industrial strategy objectives.
• Joly wants the merged Anglo-Teck corporation to be fully headquartered in Canada, presumably Vancouver, and listed on a Canadian stock exchange rather than the London exchange.