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News
Algoma Steel highlights new strategy after layoffs as it looks to lower costs
9+ mon, 1+ week ago (274+ words) SAULT STE. MARIE — The CEO of Algoma Steel says he recognized the need to accelerate the company’s plan to lower its costs well before tariffs came into play, as the company plans to let go of more than 1,000 workers. Michael…...
Sault Ste. Marie MP says Trump tried to wipe Algoma Steel ’off the map’
11+ mon, 1+ week ago (185+ words) OTTAWA — The member of Parliament for Sault Ste. Marie and the Algoma region says U.S. President Donald Trump tried to “wipe Algoma Steel off the map” with his punishing tariffs. But Terry Sheehan says the federal government’s recently announced lifeline…...
Algoma Steel’s future looking more secure with government loans: Analyst
11+ mon, 1+ week ago (210+ words) SAULT STE. MARIE — The $500 million in government loans to Algoma Steel Group Inc. has at least one analyst saying the cash could help set the company up for the longer term. RBC analyst James McGarragle says the loans, and the…...
Mark Carney, Donald Trump to renew acquaintances in D.C.
9+ mon, 1+ week ago (354+ words) a long time.” Ford eventually pulled the ad, but not before it aired on American networks during the...
Algoma Steel to receive $500 million in federal, Ontario loans
11+ mon, 1+ week ago (120+ words) OTTAWA — Ontario-based Algoma Steel Group Inc. will receive $500 million in federal and provincial loan assistance to help deal with the impact of U.S. tariffs. Ottawa says its $400 million in financial assistance will come from the Large Enterprise Tariff Loan program....
EDITORIAL: Public kept in dark about Algoma layoffs
9+ mon, 1+ week ago (381+ words) last week would have been much worse. But that’s not the issue. The issue is why wasn’t this information...
Ontario plow-maker can't clear path through Trump tariffs
8+ mon, 3+ week ago (744+ words) love the patriotism, but the volume offset is just not there' LONDON, Ont. — For decades, Arctic Snowplows...pre-Trump economic integration with the United States is not coming back. To counter Trump’s trade war, Carney...
Ontario, Ottawa knew of Algoma Steel's layoff plans, CEO says
9+ mon, 1+ week ago (408+ words) "I don't think anybody would loan the company half a billion dollars without asking very detailed questions," says Algoma Steel's CEO. OTTAWA — Both the provincial and federal governments were aware Algoma Steel planned to conduct layoffs before giving the Sault…...
New measures to protect Canadian steel, softwood lumber industries
9+ mon, 2+ week ago (430+ words) Measures meant to wean Canadian steel, lumber industries from reliance on U.S. exports OTTAWA — Canada will limit foreign steel imports and work on cutting freight charges for shipping Canadian steel and lumber. Speaking to reporters on Wednesday in the foyer of…...
Mark Carney to host Canada’s premiers in Ottawa later this month
8+ mon, 5+ day ago (200+ words) Official confirms PM will hold meeting on Jan. 29 after hosting group dinner the evening before OTTAWA — Prime Minister Mark Carney will meet with Canada’s premiers in Ottawa later this month as global tensions rise and as trade talks with the…...