Teck CEO says mulls partial sale of coal unit as Glencore circles biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Canada's main stock index fell on Wednesday, giving back some recent gains, as sectors sensitive to the economic outlook, such as industrials and materials, lost ground.
Canada's main stock index rose on Tuesday to its highest closing level in two weeks, helped by gains for the technology sector and an increase for Teck Resources shares as investors awaited a Bank of Canada interest rate decision.
Canada's main stock index fell on Wednesday to its lowest closing level in two months, as oil prices weakened and investors fear that the Federal Reserve and Bank of Canada could raise interest rates further to tackle inflation.
Canada's main stock index was subdued at market open on Wednesday, with gains in technology stocks offset by losses in industrials, while shares of Teck Resources zoomed on withdrawing its separation proposal.