THE GLOBE AND MAIL
** Copper miner Teck Resources said on Thursday
it had rejected a sweetened bid from Glencore Plc and
made changes to a proposed restructuring plan to allow for an
earlier full separation of its metals and coal divisions.
** Inflation should fall quickly in the coming months, but
getting it back to 2% could be a long slog, Bank of Canada
Governor Tiff Macklem said on Thursday, suggesting that interest
rates may need to remain elevated for some time.
** Canada's banking regulator is warning that although
extensions to mortgage payment periods have helped borrowers
absorb surging costs, the fix is short-term and will keep them
in debt for longer, threatening both their financial stability
and that of the banking system.
(Compiled by Bengaluru newsroom)
