- Teck Resources Ltd. says it expects its fourth-quarter profit to be significantly below what investors were expecting due to the low price of Canadian oil at the end of last year, issues at its operations in Trail, B.C., and a decline in commodity prices. A truck is shown at Teck Resources Coal Mountain operation near Sparwood, B.C. ( HO-Teck Resources MANDATORY CREDIT / THE CANADIAN PRESS )Analysts on average had expected a fourth-quarter profit of $1.10 per share, according to Thomson Reuters Eikon. The price for Western Canadian Select has climbed since the announcement of mandatory production curtailments by the Alberta government and is now more than US$40 per barrel. Teck is expected to report its full financial results on Feb. 13.

Source: thestar February 01, 2019 12:45 UTC