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🇨🇦 Canada could FORCE Cleveland-Cliffs to sell its Canadian steel assets over planned cuts of up to 500 Ontario jobs.
Minister Mélanie Joly says the 2024 Stelco deal required 5 years of job protection.
The company blames Trump’s 50% steel tariffs. Ottawa warns of penalties or a forced sale under the Investment Canada Act.
Cleveland-Cliffs denies any breach and is ready to fight in court.
Layoffs have begun, and Ottawa is reviewing its options.
Source: Bloomberg / Writer: Lucas
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Jive_Turkey17 🦖🦖 @Jive_Tukey ·
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In all of the globe, only Canada, more specifically it’s current government would try and lay blame on the United States for this….. Mark Carney goes and makes a backdoor deal with China to import their fucking steel and you expect this company and the US to take it laying down?
What’s even funnier is this woman and that liberal government are blaming the US for all of this…. At the 11th hour during train negotiations to US looked completely dumbfounded as this party came to the table with what’s been called unrealistic request… And still to this state the Canadian government still hasn’t issued the documents outlining the details of what made that trade deal goes south….
If I was the United States, I would literally take all of my American companies and pull them the hell out of Canada. I wouldn’t even think twice about it… Because from what I see what Mark Carney‘s overall plan is is to replace the United States with India…… and it wouldn’t surprise me if this “ trillion dollars” of investment is going to do exactly that buy up the shit that the United States backs away from in Canada or cells and they’re going to get Third World manufacturing in Canada with Third World workers… Driving Canada’s standards down, but yet corporate profits up…
Has everybody forgotten who Mark Carney is and what he did before he took on the Prime Minister role… He rules in governance by a ledger and balance sheet and he’s treating Canada like a hostile corporation….. The problem is Canadians livelihoods are being directly impacted, and severely hurt by it… He’s not doing what he’s doing for the betterment of Canada. He’s doing it for profitability for shareholders in large corporations, some of which he has vested interest in…..
What they’ve chosen to do is try and frame the United States that they’re the big bad person and all of this and it’s all their fault… This liberal government has set the stage for everything that’s happening and people are gobbling it up… I’ve never seen so many people so inept and have the inability to look at the situation for what’s actually going on
