6 d. ago Algoma Steel extends stock drop after warning of quarterly loss

The company received $500 million in government loans this week to help offset the impacts of U.S. steel tariffs

Economics

7 d. ago Algoma Steel Provides Guidance for the Third Quarter 2025 and Announces Board Update

SAULT STE. MARIE, Ontario, Oct. 01, 2025 (GLOBE NEWSWIRE) — Algoma Steel Group Inc. (NASDAQ: ASTL; TSX: ASTL) (“Algoma” or the “Company”), a leading Canadian producer of hot and cold rolled steel sheet and plate products, today provided guidance for its quarter ended September 30, 2025. Unless otherwise specified, all amounts are in Canadian dollars. […]

Culture

7 d. ago Sault Ste. Marie MP says Algoma Steel loans ‘absolutely critical’ to its survival

OTTAWA — The member of Parliament for Sault Ste. Marie and the Algoma region said Wednesday U.S. President Donald Trump tried to “wipe Algoma Steel off the map” with his punishing tariffs. Terry Sheehan also said Trump won’t succeed and argued the financial lifeline the federal and provincial governments have offered the steel plant is […]

Economics

7 d. ago Sault Ste. Marie MP says Trump tried to wipe Algoma Steel ’off the map’

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 for the steel plant will be “critical” to its survival and allow the company […]

Other

8 d. ago Millions in loans for Algoma Steel is a matter of sovereignty: Hajdu

Jobs Minister Patty Hajdu said Canada can't necessarily rely on foreign steel for the kinds of nation-building projects it's putting on the

Economics

8 d. ago Millions of dollars for Algoma Steel loan is a matter of sovereignty: Hajdu

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 of Canadian sovereignty. Ottawa’s $400 million in financial assistance will come from the Large […]

Economics

9 d. ago Support for Algoma Steel a start but Steelworkers want guarantees and transparency

SAULT STE. MARIE, Ontario, Sept. 29, 2025 (GLOBE NEWSWIRE) — The United Steelworkers union (USW) is responding to today’s announcement that the federal government will provide a $400 million loan through the Large Enterprise Tariff Loan facility and the Ontario government’s additional $100 million in financial support to Algoma Steel. While the union welcomes the […]

Society

9 d. ago Algoma Steel’s future looking more secure with government loans: Analyst

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 company’s decision to speed up its transition to more efficient facilities, “positions Algoma […]

Politics

9 d. ago Algoma Steel to receive $500 million in federal, Ontario loans

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. The Ontario government will also provide $100 million to the Sault Ste. […]

Economics

1 week ago BlackBerry reports Q2 profit compared with loss a year ago, raises guidance

TORONTO — BlackBerry Ltd. reported a second-quarter profit of US$13.3 million compared with a loss of US$19.7 million a year earlier and raised its guidance for its full year. The software company, which keeps its books in U.S. dollars, said Thursday its profit amounted to two cents US per diluted share for the quarter ended […]

Other

3 w. ago Asia’s Stock Benchmark Heads for a Record Close as Rally Extends

Asia’s equity benchmark headed for a record close, extending a rally fueled by easing uncertainties around US tariffs, a strong rebound in Chinese shares and optimism that the Federal Reserve may cut rates as early as this week.

Economics

3 w. ago Asia’s Stock Benchmark Nears a Record Close as Rally Extends

Asia’s equity benchmark flirted with a record close, extending a rally fueled by easing uncertainties around US tariffs, a strong rebound in Chinese shares and optimism that the Federal Reserve may cut rates as early as this week.

Economics

4 w. ago Summer promotions boost Roots sales but didn’t keep retailer from $4.4M net loss

TORONTO — A handful of summer promotions helped Roots Corp. achieve a 6.3 per cent jump in sales in its most recent quarter but wasn’t enough to deliver a profit to the retailer. The Toronto-based apparel maker said Wednesday its second-quarter net loss narrowed to $4.4 million compared with a $5.2-million loss a year earlier. […]

Economics