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Investment Canada Act

Canada

Ottawa gives Stelco's U.S. owner 15 days to reverse 500 Hamilton layoffs — or face the courts

Industry Minister Mélanie Joly says Cleveland-Cliffs broke binding commitments it made when it bought Stelco in 2024. The company blames Donald Trump's 50% steel tariffs.

Business

Stelco rejects Ottawa's claims as layoffs begin; Joly says court-ordered sale stays on the table

Up to 500 workers face layoffs at Hamilton Works as the steelmaker and the industry minister trade accusations over commitments made in the 2024 Cleveland-Cliffs takeover.