By Ketki Saxena
Investing.com -- The TSX traded flat by late afternoon trading, as crude oil prices weighed on the commodity-heavy index, while optimism around a pause from the US Federal Reserve on Wednesday helped buoy investor sentiment, boosting US stocks.
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Global mining company Glencore (LON:GLEN) approached Teck Resources (TSX:TECKa) with an offer to acquire its coal business specializing in steel production. Despite being rejected twice for a $22.5-billion merger proposal between the two enterprises, Glencore persisted by offering to purchase only the standalone unit.
Methanex Corporation (TSX:MX) declined to its lowest point in over five months after receiving a rating downgrade from Scotiabank (TSX:BNS) analysts who changed their recommendation from "sector outperform" to "sector perform" and reduced their price target for Methanex shares
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