The Daily Chase: Teck Resources entertains sale under right conditions; Markets point to muted open
BNN Bloomberg
Teck Resources controlling shareholder Normal Keevil is signalling he’s willing to play ball if there’s a compelling offer for the company after it completes the spinoff of its steelmaking coal division.
MARKETS MUTED AS EARNINGS SEASON RAMPS UP
It’s looking like a wait-and-see-session so far as we enter the meat and potatoes portion of earnings season. Futures on the main U.S. indices are flattish to start the week, but all lines are subject to change. On deck, we’ve got more from the money-centre banks south of the border and some of the FAANGs – Tesla and Netflix are of note as the week gets going in earnest. The big themes are clear – higher rates, sticky inflation, and how consumers (and businesses) are dealing with an environment we haven’t seen in quite some time. For our purposes, worth noting the S&P/TSX Composite Index is running six straight days of gains, so we’ll see if today makes it lucky number seven for Toronto’s benchmark.
THE GOOD OL’ HOCKEY GAME, IS THE BEST GAME YOU CAN NAME
