Canada’s swift approval of the $53-billion merger between British miner Anglo American and Canada’s Teck Resources signals a push to attract investment to offset the impact of US tariffs, dealmakers told Reuters.
Late Monday night, Melanie Joly, Canada’s Innovation, Science, and Economic Development Minister, said that Canada has approved the all-share buyout of Teck Resources by Anglo American under the Investment Canada Act, clearing a regulatory hurdle to create a global copper heavyweight.
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