23
Oct
Industry Minister Melanie Joly in Canada is doing what global leaders must already be doing so I do not have to write this. She has intensified the Canadian government’s response to recent corporate restructuring, issuing a firm 15-day ultimatum to U.S.-based Cleveland-Cliffs. The mandate demands the immediate reversal of mass Stelco job cuts at the Hamilton manufacturing plant or face severe legal consequences. This unprecedented move underscores Ottawa’s commitment to holding foreign buyers accountable to legally binding acquisition agreements made under the Investment Canada Act. The American steelmaker acquired the historic Canadian steel producer in 2024, promising to protect unionized…