How else should the government have initiated what will clearly be a legal fight? Air strike? Unilateral declaration of ownership? Taking the plant by force? Arresting all the leadership? Deporting them as undesireable?
Yup, any legal mechanisms to enforce terms of past agreement will be procedural and pretty boring. There’s also a significant political risk if this is handled hamfistedly. Stelco is an American company. Any steps that deprive them of control over or possession or their assets will quickly get the attention of an administration that doesn’t see any particular need to honour agreements if they don’t feel like it. Steel is already a hot button topic.
Why is that funny?
Or....
Some good news... the public sector is getting smaller:
‘Quite disappointing’: Economists react to weak September jobs report
“That’s been a theme for all of this year. We now have total employment in Canada down 41,000 this year, but all of those are in the public sector.”
‘Quite disappointing’: Economists react to weak September jobs report
Canada’s sluggish economy has lost more than 100,000 jobs over the past two months amid a bitter trade war with the U.S., but economists say the hardest hit area has been the public sector, rather than industries directly impacted by tariffs.www.bnnbloomberg.ca
Stelco, has been a dog's breakfast for 20 years. It hasn't been owned by Canadians for two decades and has gone through multiple American owners hands since then.
He does that. Laugh react but no actual comment challenging anything. You get used to it.
The issue is they gave them $$$. Which was a mistake. It was done for partisan political reasons of course. They could take them to court, but to what end? Nationalize the company? There is no market for the product here.
Great point
A lot of steel production in Canada has been greatly hurt by the tariffs. Algoma Steel for example mainly produced coil and a small amount of plate before. Now because of only being able to sell to the Canadian market, it is opposite and nowhere near the same tonnage.
The fundamental issue isn't a lack of government subsidies or product diversity, it's market scale. Canada’s domestic market simply isn't large enough to absorb current steel production volumes without seamless access to the U.S. supply chain, regardless of who owns the mills.
what steel are we importing from China? Are the orders large enough to establish a line in any of the plants and eliminate the imported stuff? Stelco used to manufacture plate until their American owners shipped the furnaces south. I know that our shipbuilding efforts on their own don't absorb enough product by themselves. Being foreign-owned, regardless of the current climate, means that the principle orders will always go to the domestic furnaces first so maybe it is time to re-claim Stelco as our own. The news out of Europe indicates that their furnaces are being closed due to energy costs so perhaps we can get that market going.
That one is easy, I quit with Tims when they did away with their coffee mugs and went all paper.
