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Anglo-Teck Merger Approved: Promise and Peril for Canada’s Mining Sector

  Federal Industry Minister Mélanie Joly has approved a merger between Teck Resources Ltd. and Anglo American PLC.   Canada’s federal government has officially approved the $53 billion merger between Teck Resources Ltd. and Anglo American PLC , creating one of the world’s largest copper producers. Industry Minister Mélanie Joly hailed the deal as a “significant win” for Canada, emphasizing legally binding commitments that include relocating the new company’s headquarters to Vancouver and investing at least C$4.5 billion over five years , rising to C$10 billion over 15 years . The newly formed entity, Anglo-Teck , is expected to become a global heavyweight in copper production, a critical mineral for electrification and clean energy technologies. Shareholders from both companies overwhelmingly supported the merger, which was fast-tracked under the Investment Canada Act , signaling Ottawa’s shift toward a more pro-business stance in the mining sector. Yet, despite Joly’s op...
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Ontario Liberal MPs Urge Trudeau to Resign Amidst Internal Turmoil

In a recent virtual meeting, over 50 Ontario Liberal MPs reached a consensus that Prime Minister Justin Trudeau should step down as party leader. This decision comes in the wake of Chrystia Freeland's dramatic resignation from her cabinet positions, which has intensified calls for Trudeau's departure.

Freeland's resignation letter, posted on social media, highlighted her disagreements with Trudeau and warned against "costly political gimmicks" that could harm the country. Her departure has prompted several Liberal MPs to publicly support her potential leadership bid.

As the Ontario Liberal caucus chair, Michael Coteau, was tasked with communicating the MPs' decision to Trudeau, the prime minister is now believed to be reflecting on his political future. The situation remains fluid, with MPs expressing varying opinions on how long Trudeau should be given to consider his next steps.

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