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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (78450)	3/4/2020 8:24:44 AM
From: Goose94	Read Replies (1) of 203399

Teck Resources (TECK.B-T) Canadian businesses have included new disclosures in their financial reports which outline the impact coronavirus could have on their operations. The llawyers who advise on corporate governance say publicly traded companies are seeking advice on how to disclose risks related to the global outbreak of COVID-19, the disease the coronavirus causes. Fears have intensified in recent weeks, just as many companies report their financial results for the fourth quarter of the 2019 calendar year. "Some have already issued their annual filings and others are in the process of doing so as we speak," said Gowling WLG LLP's Kathleen Ritchie in Toronto. Ms. Ritchie said that since the beginning of the year, 161 companies have filed 271 documents with SEDAR that include the words "coronavirus" or "COVID-19." Filing last week, Teck Resources, Canada's biggest base metals and coal-exporting company, pointed to China as a major source of global demand for commodities, and said that a significant slowdown in growth there "could have an adverse effect on the price and/or demand for our products."

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