Canada argues that the proposed expansion at the nation’s busiest port is necessary for the country to meet its goal of doubling non-U.S. exports by 2035.
Cleveland-Cliffs is ruling out selling Stelco until the business improves production and 175 laid-off workers return to their jobs, an effort Chief Executive Lourenco Goncalves said hinges on Canadians buying the company’s steel products.
The Bank of Canada is increasingly confident about the domestic economy and companies’ ability to navigate turbulent trade waters, adding to its conviction that it was time on Wednesday to raise interest rates.
It is Canada’s latest dollop of federal aid for companies that have faced financial strain since President Trump imposed hefty tariffs on foreign-made metals and automotives.
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