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News
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…...
Ontario plow-maker can't clear path through Trump tariffs
8+ mon, 4+ week ago (744+ words) 'I love the patriotism, but the volume offset is just not there' LONDON, Ont. — For decades, Arctic Snowplows has sold its Canadian-made galvanized steel products to “anywhere there is snow” across the border in the United States, says company president…...
Millions of dollars for Algoma Steel loan is a matter of sovereignty: Hajdu
11+ mon, 1+ week ago (845+ words) OTTAWA — Algoma Steel Group Inc. is set to receive half a billion dollars in government loans to help it reorient its business away from the United States as the federal government argues supporting the domestic steel industry is a matter…...
Algoma Steel to lay off 1,000 employees, blames Donald Trump's tariffs
9+ mon, 1+ week ago (523+ words) Announcement comes two weeks after Sault Ste. Marie-based company received $500M in government financing Algoma Steel has issued 1,000 layoff notices just two weeks after the tariff-battered company received a combined $500 million in federal and provincial government financing. The Sault Ste. Marie-based…...
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…...
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…...
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…...
EDITORIAL: Public kept in dark about Algoma layoffs
9+ mon, 1+ week ago (381+ words) When it comes to the $500 million in loan guarantees the federal and Ontario governments gave to Algoma Steel in September, we now know they treated taxpayers who were financing them like mushrooms. That is, they kept them in the dark…...
Feds launch $100M steel shipping support program amid U.S. trade squeeze
1+ mon, 2+ day ago (285+ words) OTTAWA — As part of efforts to bolster Canada’s steel industry and promote made-in-Canada projects, the federal government announced a $100-million rebate program to cover shipping costs for Canadian-made steel. Announced Monday by Transport Minister Steven MacKinnon, the year-long program will…...
Algoma Steel to receive $500 million in federal, Ontario loans
11+ mon, 2+ 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....