Tag: Investment Canada Act
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Ottawa has given Cleveland-Cliffs five business days to explain how it will honour the employment undertakings it signed to win approval for its $3.4 billion takeover of Stelco. Industry Minister Melanie Joly says the trade war is no defence. OTTAWA and HAMILTON, Ont., Oct. 8, 2026 The federal government has opened a direct legal confrontation…
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Cleveland-Cliffs idles Hamilton cold mill and galvanizing lines as Ottawa weighs Investment Canada Act enforcement against the American owner that pledged to protect Canadian jobs HAMILTON, Ont., Oct. 4, 2026 – The single largest casualty yet of the Canada-U.S. steel war carries an American parent company’s name, a Canadian flag on its gate, and a…
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Cleveland-Cliffs will indefinitely idle cold-rolled and coated operations at Stelco’s Hamilton Works from October 9, cutting as many as 500 jobs. Ottawa is weighing enforcement action under the Investment Canada Act over five-year employment undertakings attached to the 2024 takeover, while the union accuses the company of lobbying for the tariffs it now blames. HAMILTON,…