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News
Canadian food tech companies looking abroad as funding dries up past seed stage: survey
3+ week, 5+ day ago (401+ words) technology advocacy group also said government investment in innovation produces early results, but Canadian...
'We're getting hammered': Why this Canadian aluminum sector is crumbling while prices boom
1+ mon, 4+ week ago (1756+ words) Aluminum is the best-performing base metal this year, but extruders that process it say their businesses are dying amid surging prices, U.S. tariffs and dumping from overseas The chief executive of global mining giant Rio Tinto Group this spring praised his…...
Algoma Steel CEO stepping down amid deep losses, ongoing U.S. tariffs
11+ mon, 1+ week ago (492+ words) Algoma reported a net loss of $485.1 million in the third quarter Sault Ste. Marie, Ont.-based Algoma Steel Group Inc. chief executive Michael Garcia will step down at year’s end as the company continues to face United States tariffs that…...
Canada 'systematically' losing promising startups to foreign buyers: CCI report
1+ mon, 1+ day ago (697+ words) ecosystem that lets them keep growing Government investment in innovation yields early results, but loses...system. The report said Canada channels significant investment into supporting innovation through funding for...
The United States is losing its grip on Canada's steel market
5+ mon, 4+ week ago (1177+ words) U.S. steel imports coming into Canada down more than 20% as tariff war shifts trade One year into a trade war, the United States’ role as the largest source of foreign steel in Canada is on shaky ground. U.S. steel producers shipped…...
Canada's last independent steel mill faces tough path back to profitability
8+ mon, 1+ week ago (1015+ words) The federal and Ontario governments have pumped hundreds of millions of dollars of financial loans and other support into Sault Ste. Marie, Ont.-based Algoma Steel Inc., Canada’s only non-foreign-owned steel mill, and that may just be the start of…...
Carney to announce more support for steel and other sectors as trade war grinds on
9+ mon, 2+ week ago (410+ words) Ottawa to further tighten foreign steel trade and lower the costs of shipping the metal within Canada Prime Minister Mark Carney plans to announce two new measures to help Canada’s struggling steel sector, which continues to face 50 per cent tariffs…...
How pickup trucks took centre stage with consumers and the U.S.-Canada trade war
1+ week, 4+ day ago (1079+ words) Corp., which is still finishing a $5 billion investment at its Oakville, Ont., plant, where it plans...
Canadian steel companies pay US$19 million to settle allegations they lied about their steel shipments
3+ mon, 3+ week ago (715+ words) U.S. steel companies have long complained that Canada has acted as a backdoor for cheaper, unfairly subsidized steel Two Canadian steel companies and one of their part owners agreed to pay US$19 million as part of a settlement with the United…...
Carney cranks up steel import restrictions, relief on inter-Canada shipping rates
9+ mon, 2+ week ago (873+ words) The PM has said Canada is one of the countries 'most exposed to the fundamental restructuring of the global steel industry' New restrictions on foreign steel imports and policies designed to make it cheaper to ship steel to Western Canada…...