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Algoma Steel reports $66.5-million loss in last quarter of 2024

Algoma Steel reports $66.5-million loss in last quarter of 2024

SAULT STE. MARIE, Ont. — Algoma Steel Group Inc. reported a net loss of $66.5 million in its third and final quarter last year, compared with a loss of $84.8 million a year earlier. The Sault Ste. Marie, Ont.
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From tallboys to houses, latest aluminum and steel tariffs driving up costs

From tallboys to houses, latest aluminum and steel tariffs driving up costs

More pain is on tap for craft breweries, homebuilders and manufacturers as U.S. tariffs on imported aluminum — and the counter-levies Canada is lobbing back — drive up costs.
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EPA head says he'll roll back dozens of environmental regulations, including rules on climate change

EPA head says he'll roll back dozens of environmental regulations, including rules on climate change

WASHINGTON (AP) — In what he called the “most consequential day of deregulation in American history,” the head of the Environmental Protection Agency announced a series of actions Wednesday to roll back landmark environmental regulations, including r
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Calgary WestJet flight bound for Ottawa delayed amid security concerns

Calgary WestJet flight bound for Ottawa delayed amid security concerns

CALGARY — WestJet Airlines says it has delayed a flight from Calgary to Ottawa due to a security concern. WestJet did not say it was cancelled, but the Calgary International Airport departures board indicated it had been in the early afternoon.
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Saskatchewan planning to support steelworkers in response to U.S. tariffs: Moe

Saskatchewan planning to support steelworkers in response to U.S. tariffs: Moe

SASKATOON, Sask. — Saskatchewan Premier Scott Moe says the province is working on a plan that would help keep steelworkers employed in response to U.S. tariffs.
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Canada to impose 25% tariffs on $29.8B in U.S. goods starting Thursday

Canada to impose 25% tariffs on $29.8B in U.S. goods starting Thursday

OTTAWA — The federal government will impose 25 per cent tariffs on U.S. goods worth $29.8 billion in retaliation for steel and aluminum tariffs the administration of U.S. President Donald Trump imposed Wednesday.
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TSX rises, U.S. markets mixed after more tariffs take effect, BoC cuts rate

TSX rises, U.S. markets mixed after more tariffs take effect, BoC cuts rate

TORONTO — Canada's main stock index rose Wednesday while U.S. markets were mixed, after 25 per cent tariffs on U.S. imports of steel and aluminum officially kicked in and the Bank of Canada cut its key lending rate by a quarter-point to 2.
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U.S. trade 'crisis' will drive up prices, Bank of Canada warns after rate cut

U.S. trade 'crisis' will drive up prices, Bank of Canada warns after rate cut

OTTAWA — Prices will rise, the economy will suffer and the Bank of Canada can't lower interest rates enough to shield Canadians from the worst impacts of a prolonged trade war with the United States.
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Wall Street rises after encouraging inflation data, but the trade war keeps batting stocks around

Wall Street rises after encouraging inflation data, but the trade war keeps batting stocks around

NEW YORK (AP) — U.S. stocks mostly rose after getting some relief from an encouraging inflation update. But even on a rare up day for the market, President Donald Trump’s trade war still knocked stocks around. The S&P 500 climbed 0.
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Takeaways on tariffs, jobs and more from the Bank of Canada interest rate decision

Takeaways on tariffs, jobs and more from the Bank of Canada interest rate decision

The Bank of Canada cut its key interest rate for the seventh time in a row on Wednesday, bringing it to 2.75 per cent.
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