Niall McGee

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Carney told Anglo American to move headquarters to Canada for Teck deal approval, sources say

Carney told Anglo American to move headquarters to Canada for Teck deal approval, sources say

Prime Minister Mark Carney told Anglo American PLC NGLOY that it had to move its headquarters to Canada or its proposed acquisition of Teck Resources Ltd. TECK-B-T would not be allowed to proceed, two sources familiar with the matter told The Globe and Mail. London-based Anglo last week unveiled an all-stock takeover of Vancouver-based Teck worth approximately US$20-billion. In an...

Algoma Steel seeks up to $600-million from Ottawa in emergency trade war relief

Algoma Steel seeks up to $600-million from Ottawa in emergency trade war relief

Algoma Steel Group Inc. ASTL-T chief executive Michael Garcia says the Canadian steelmaker is in discussions with Ottawa to try to secure a financing package worth around half a billion dollars as financial pressures mount during a vicious trade war with the United States. U.S. President Donald Trump in March imposed 25-per-cent tariffs on global imports of steel in the...