3 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

3 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

3 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

3 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

4 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

5 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

5 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

5 d. ago Northern Ontario paper mill to idle operations, citing lack of financial support

A paper mill in northern Ontario says it will begin winding down operations after failing to secure immediate financial support from the federal government. Kap Paper says it received $50 million in loans from the Ontario government and had approached Ottawa for funding, but the timing “doesn’t appear to be aligning” for a solution to […]

Other

5 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

5 d. ago Hamad Bin Khalifa University Conference Leads Global Dialogue on the Future of AI Ethics

Gathering emphasized urgency for cohesive ethical guidelines across six key themes impacted by the advancement of AI; healthcare, urban design, security, education, finance, and the future of the workplace DOHA, Qatar — Hamad Bin Khalifa University’s (HBKU) conference AI Ethics: The Convergence of Technology and Diverse Moral Traditions concluded with a call for a unified, […]

Society

6 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 James Scongack: What the federal budget should include to secure Canada’s future

The Green Ribbon Panel believes the next 100 days will provide a unique opportunity for Canada’s new government to take decisive action

Other

3 w. ago Allied Nations Gather to Discuss Future of Multilateral Defence Security Financing

LONDON — The Defence, Security and Resilience Bank (DSRB) Development Group co-hosted an international conference in the City of London this week to discuss the creation of a new multilateral bank designed to bring capital market expertise to the frontlines of global security. The event at Mansion House, co-hosted by the Lord Mayor of London, […]

Events

3 w. ago MARTEL: Canada needs a defence industrial strategy to secure its future

It’s time for our government to put Canadians to work to secure Canada and its future

Events

4 w. ago Quebec government says it has recovered $200 million from Northvolt loan

The money comes from bank accounts belonging to Northvolt that were frozen after its Swedish parent company declared bankruptcy in March. 

Economics