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Teck Resources should remain in Canada, help country expand critical minerals industry, Freeland says

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The Finance Minister was responding to concerns from the Greater Vancouver Board of Trade about Teck’s future in Canada in the wake of Glencore’s unsolicited bid

, which is trying to fend off an unsolicited $22.5-billion takeover offer from Glencore Plc, should remain headquartered in Canada and help the country expand its critical minerals industry, Finance Minister Chrystia Freeland said on Monday.

“We need companies like Teck here in Canada, companies with a strong commitment to Canada,” Freeland wrote in a letter to the Greater Vancouver Board of Trade that was seen by Reuters. Freeland was responding to concerns from the board about Teck’s future in Canada in the wake of Glencore’s unsolicited bid.Your Globe

 

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