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A truck hauls a load at a Teck Resources operation in B.C. in this handout photo.
A truck hauls a load at a Teck Resources operation in B.C. in this handout photo.
(The Canadian Press)

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Mere prospect of iron ore deal weighs on Teck shares

It appears Teck Resources Ltd. is getting punished for a deal it hasn’t even struck.

With rumours swirling that the major miner may bid on Rio Tinto’s stake in Iron Ore Co. of Canada, it looks like investors are already punishing Teck for exposure to the commodity even though coal and copper remain its bread and butter.