Teck Announces Dividend
About Teck
Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck's shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.
Media Contact:
Dale Steeves
Director, External Communications
236.987.7405
dale.steeves@teck.com
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Winnipeg Free Press
4 minutes ago
- Winnipeg Free Press
In the news today: Bank of Canada expected to hold key rate again
Here is a roundup of stories from The Canadian Press designed to bring you up to speed… Bank of Canada expected to hold key rate again Avery Shenfeld doesn't think the Bank of Canada will cut its benchmark interest rate at its decision on Wednesday, but if it does, he said it will be a 'pleasant surprise.' 'There's always a chance that they'll surprise with the rate cut,' the chief economist of CIBC said. Most economists are also expecting the Bank of Canada will hold its policy rate steady at 2.75 per cent for a third consecutive decision later this week. Stubbornness on the inflation front and surprise strength in the labour market have quashed arguments for further easing since the central bank's June decision. The Canadian economy gained an unexpected 83,000 jobs in June, Statistics Canada reported earlier this month, driving the unemployment rate lower for the first time since January. Shenfield expects Canada's tariff dispute with the United States led to an economic contraction in the second quarter of the year. Here's what else we're watching… US-EU deal sets a 15% tariff on most goods and averts the threat of a trade war with a global shock The United States and the European Union agreed on Sunday to a trade framework setting a 15% tariff on most goods, staving off — at least for now — far higher import duties on both sides that might have sent shock waves through economies around the globe. The sweeping announcement came after President Donald Trump and European Commission chief Ursula von der Leyen met briefly at Trump's Turnberry golf course in Scotland. Their private sit-down culminated months of bargaining, with the White House deadline Friday nearing for imposing punishing tariffs on the EU's 27 member countries. As with other, recent tariff agreements that Trump announced with countries including Japan and the United Kingdom, some major details remain pending in this one. Trump said the EU had agreed to buy some $750 billion worth of U.S. energy and invest $600 billion more than it already is in America — as well as make a major military equipment purchase. He said tariffs 'for automobiles and everything else will be a straight across tariff of 15%' and meant that U.S. exporters 'have the opening up of all of the European countries.' Von der Leyen said the 15% tariffs were 'across the board, all inclusive' and that 'indeed, basically the European market is open.' Lawyer says Canada must hasten Gaza visa approvals A Toronto immigration lawyer says family members of Canadians are dying in Gaza as the federal immigration department drags it heels approving visas through a special program launched in 2024. Debbie Rachlis said Canada must speed up the approval process for the temporary special measures visa it is offering to members of Palestinian Canadians' families who are trying to flee the violence in Gaza. Rachlis represents dozens of applicants to the program and said she is involved with 'at least five cases' in which people have died waiting for word on their visa. She lobbied for the special measures program as a member of the Gaza Family Reunification Project. Canada opened the multi-step program offering temporary residents visas to members of Canadians' families trapped in Gaza on Jan. 9, 2024. It closed on March 26, after the program's cap of 5,000 visa applications had been accepted for processing. Fewer than 1,200 visas had been granted as of June 21, said Jeffrey MacDonald, a spokesperson for the Department of Immigration, Refugees and Citizenship Canada. That's less than a quarter of the visas Canada said it would hand out. N.S. disabilities reform behind in housing plan There's been a surge in the number of Nova Scotians with complex disabilities stuck in temporary housing, according to recent figures released by the province. This rise in what are called 'temporary shelter arrangements,' or TSAs, operated by for-profit and non-profit agencies has occurred despite a plan by the province to decrease their use over the past two years. The Department of Social Development describes the temporary housing as being needed whenever a person with a complex disability is in urgent need of housing, and options for a permanent home have been 'explored and exhausted.' Usually, the person is placed in an apartment, with one-on-one care, but without a long-term plan to improve their lives. The province introduced a sweeping, five-year reform plan for the care and housing of people with disabilities in 2023. It was the result of a landmark court decision that found there was systemic discrimination against people with disabilities. The plan called for a sharp decrease in the number of people with disabilities in temporary housing arrangements by 2025 but the opposite has occurred. Motion expected on closure of B.C. injection site Council in Nanaimo, B.C., is scheduled to hear a motion that could result in the city asking a provincial health authority to close a local overdose prevention site. Coun. Ian Thorpe is expected to bring forward the motion at Nanaimo's council meeting today that will ask to 'formally request' Island Health to close the site on Albert Street, next to city hall. Mayor Leonard Krog says he expects the motion to be debated and deferred to enable experts and those with an interest on the issue to come before council at a later time before a decision is made. The site has generated enough concerns about disorder and violence nearby that city staff previously proposed building a 1.8-metre-high fence that was intended to protect those at city hall. Nanaimo council decided against the proposal at a committee meeting earlier this month, with Krog saying he was unsure about the fence's effectiveness as well as the 'really problematic message' it would send about the challenges of disorder in the area. This report by The Canadian Press was first published July 28, 2025.
Winnipeg Free Press
4 minutes ago
- Winnipeg Free Press
Bank of Canada widely expected to hold key rate steady amid trade uncertainty
OTTAWA – Avery Shenfeld doesn't think the Bank of Canada will cut its benchmark interest rate at its decision on Wednesday, but if it does, he said it will be a 'pleasant surprise.' 'There's always a chance that they'll surprise with the rate cut,' the chief economist of CIBC said. 'But I'm not holding out that much hope.' Most economists are also expecting the Bank of Canada will hold its policy rate steady at 2.75 per cent for a third consecutive decision later this week. As of Friday afternoon, financial markets were placing odds of a quarter-point rate cut on Wednesday at just seven per cent, according to LSEG Data & Analytics. Stubbornness on the inflation front and surprise strength in the labour market have quashed arguments for further easing since the central bank's June decision. The Canadian economy gained an unexpected 83,000 jobs in June, Statistics Canada reported earlier this month, driving the unemployment rate lower for the first time since January. A few days later, StatCan reported annual inflation ticked up to 1.9 per cent last month while the Bank of Canada's closely watched core inflation figures held stubbornly around three per cent. 'Overall, sticky inflation readings, a weakening but relatively resilient economic backdrop and prospects for larger fiscal spending are reasons why we do not expect the BoC will cut again in this cycle,' RBC economists Claire Fan and Abbey Xu wrote in a note Friday. But Shenfeld's call for a lower policy rate — CIBC expects two more quarter-point drops before the Bank of Canada is done — isn't based on what's happened in the economy, it's about what's on the horizon. Outside of the June jobs jump, the labour market is still broadly weak with the unemployment rate at 6.9 per cent, Shenfeld noted. He also expects Canada's tariff dispute with the United States led to an economic contraction in the second quarter of the year. All told, there's enough 'slack' building in the economy to take steam out of inflation in the months to come, Shenfeld said. The Bank of Canada's own second-quarter business outlook survey released last week suggests that many firms are opting to absorb higher costs from tariffs, rather than pass them on to consumers who may be reining in spending amid economic uncertainty. Shenfeld said that's a sign that tariff impacts 'won't extend into a more persistent inflation issue.' He said that once the central bank gains enough confidence that any tariff-induced inflation pressures will be short-lived, monetary policymakers should feel confident enough to lower interest rates. 'I think at this point they know enough to rule out the worst-case scenario on trade,' Shenfeld said. Bank of Canada governor Tiff Macklem has explicitly said monetary policymakers are being less forward-looking than usual in the trade war. The central bank didn't publish a traditional forecast for the economy in its April monetary policy report, instead offering two scenarios for how tariffs could hit the economy. Jimmy Jean, chief economist at Desjardins, said he believes the Bank of Canada will have gathered enough clarity on the trade front to return to formal forecasts in this week's MPR. 'The uncertainty is there for everyone to recognize. But there's a point where you've got to sort of, stick your neck out and make the proper caveats,' Jean said. Tariff deadlines continue to hover over the Bank of Canada's head — U.S. President Donald Trump has threatened to levy tariffs of 35 per cent on Canadian imports starting Friday if a trade deal isn't reached before then, though CUSMA-compliant goods are expected to be exempt from the duties. Some forecasters, including RBC, expect the Bank of Canada is already done rate cuts and will turn the job of stimulating the economy through the trade war over to federal and provincial governments. While Jean also believes the central bank will opt to hold rates again on Wednesday, he said the bank's next decision in September is an 'open possibility' for a cut. Monday Mornings The latest local business news and a lookahead to the coming week. Trump's sectoral tariffs targetting Canada's steel, aluminum and copper industries are of particular concern for Ontario and Quebec, Jean said. If those tariffs are sustained, he argued more rate cuts from the Bank of Canada will be warranted to cushion the economic hit. In addition to some sector-specific relief, the federal government has moved in recent months to ramp up Canada's defence and infrastructure funding — spending that could offer fiscal, rather than monetary, support for the economy. But Jean said Desjardins is expecting that lift to come over the ensuing years, not months, opening a window for the Bank of Canada to lower rates in the near-term. 'We think, despite those measures being in the pipeline, the Bank of Canada will still in September have a valid reason to cut interest rates,' he said. This report by The Canadian Press was first published July 28, 2025.
Globe and Mail
2 hours ago
- Globe and Mail
VAALCO Schedules Second Quarter 2025 Earnings Release and Conference Call
HOUSTON, July 28, 2025 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) ('Vaalco' or the 'Company') today announced the timing of its second quarter 2025 earnings release and conference call. The Company will issue its second quarter 2025 earnings release on Thursday, August 7, 2025 after the close of trading on the New York Stock Exchange and host a conference call to discuss its financial and operational results on Friday morning, August 8, 2025 at 9:00 a.m. Central Time (10:00 a.m. Eastern Time and 3:00 p.m. London Time.) Interested parties in the United States may participate toll-free by dialing (833) 685-0907. Interested parties in the United Kingdom may participate toll-free by dialing 08082389064. Other international parties may dial (412) 317-5741. Participants should ask to be joined to the 'Vaalco Energy Earnings Conference Call.' This call will also be webcast on VAALCO's website at An audio replay will be available on the Company's website following the call. About Vaalco Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, Nigeria and Canada. For Further Information
