Teck's Highland Valley Copper mine runs at reduced capacity after strike

Updated Oct 26, 2026 12:31pm ET

Markets

The S&P/TSX Composite was up 161.54 points, or 0.45%, at 35,949.72 so far today. According to media reports, economists increasingly expect the Bank of Canada to raise its key rate this week, with elevated energy costs a central concern for policymakers. Oil (US$) was at 102.89, down 0.38 in midday trade, while gold (US$) was at 4,033.5, up 25.6. The Canadian dollar was at 0.71294 against the US dollar, down 0.16%. In Alberta's oilpatch, Ovintiv agreed to buy Logan Energy in an all-cash $1.26-billion deal that expands its Montney position.

Venture & CSE

The S&P/TSX Venture Composite was up 1.68 at 822.63 so far today, and the CSE Composite was up 0.70 at 137.25. Silver (US$) was at 54.270 in midday trade. Copper is in focus after workers at Teck's Highland Valley Copper mine in British Columbia began a strike Saturday. Teck said operations continue at reduced capacity, and media reports said the effect on production will depend on how long the job action lasts. Evolve Royalties (CSE: EVR) provided an update on its Highland Valley Copper royalty, saying Teck reported that strike action by United Steelworkers Local 7619 had begun. Labrador Gold said it completed a $5.76M non-brokered private placement. Pasinex Resources (CSE: PSE) said it completed a 2,199-metre underground drilling program at its Sarikaya zinc project in Türkiye, that surface rock sampling returned up to 40.0% Zn, and that surface drilling is underway.

Market data

Oct 26, 2026 12:25pm ET

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Oct 26, 2026 12:24pm ET

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Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.