Teck spinoff is backed by Canada Pension after website error fixed
Canada’s largest pension fund says it will vote for Teck Resources' plan to split the mining company after a “technical error” last week caused it to state the opposite.
Canada Pension Plan Investment Board, which managed C$536-billion ($394-billion) at the end of December, will endorse a plan to spin off Teck’s steelmaking coal business at an April 26 shareholder meeting, it confirmed on Tuesday.