"We intend to use all powers that we have and pursue them to the full extent of the law," Carney said.

Head of the United Steelworkers Canadian division blasted Stelco’s U.S.-based parent company Cleveland-Cliffs for the decision not to apply for financial aid.

The article discusses the shutdown of Stelco's Hamilton, Ontario steel plant, which has led to the idling of cold-rolled and coated steel lines and impacted 350 jobs. The author, John Ivison, argues that the situation is not simply a case of Trump winning and Canada losing, as some might suggest. Stelco, owned by U.S. company Cleveland Cliffs, refused emergency funding from the Canadian government that could have sustained operations and avoided layoffs. The company's chairman, Lourenco Goncalves, is a vocal supporter of Trump's tariff policies. The Canadian government has implemented support programs, including a $1-billion liquidity fund and $500 million for smaller firms, to help businesses affected by U.S. tariffs. Despite the trade war, Canada's economy remains resilient, with GDP showing flat growth in July but indicating third-quarter growth of 1.8% annually. The government points to LNG Canada's $30-billion expansion in Kitimat, B.C., as evidence of continued investor confidence in Canada. The article emphasizes that the Stelco shutdown is not indicative of Canada's overall economic vulnerability, as the steel industry has been in decline for years before the tariffs. The government has adjusted tariff rate quotas to reduce subsidized foreign steel imports, which now account for only 20% of demand tariff-free, with a 50% tariff applying thereafter. The author concludes that while a trade deal with the U.S. is likely, it will not be a one-sided victory for Trump, but rather a mutual accommodation where neither side gets everything they want. The human impact of the shutdown on Hamilton's blue-collar community is highlighted, with hundreds of well-paying jobs lost that are difficult to replace.

In an exclusive interview with Global News, the owner of Stelco, said the layoff decision was purely market-driven and that financial incentives could not fix the issue.

In today’s First Up: The Leafs fall to the Canadiens but look much improved and Carney rebukes Stelco.

Canadian Prime Minister Mark Carney accused the U.S. owner of steelmaker Stelco of betraying Canadian workers after it announced layoffs it attributed in part to U.S.

"We intend to use all powers that we have and pursue them to the full extent of the law," Carney said.

Head of the United Steelworkers Canadian division blasted Stelco’s U.S.-based parent company Cleveland-Cliffs for the decision not to apply for financial aid.

Prime Minister Mark Carney says Cleveland-Cliffs has binding employment obligations from its 2024 takeover of the Canadian steelmaker

YouTube video by The Financial Express

Prime Minister Mark Carney said the Canadian unit of Cleveland-Cliffs Inc. “betrayed” workers by announcing a shutdown of some of its operations in Ontario and promised to pursue the company “to the f...

Ottawa’s 2024 approval required the U.S. owner to keep unionized staffing steady for five years. Up to 500 layoffs now test that promise.