Canada Stelco Update
When we last checked in on the Stelco drama a week ago , Canada's Industry Minister Mélanie Joly had given Cleveland Cliffs CEO Lourenco Goncalves a deadline to "share" a plan to retain the Stelco workers for whin he'd announced layoffs. As of last Sunday , Prime Minister Mark Carney also said last week that Ottawa will "use all powers that we have" against Cleveland-Cliffs as it pursues the Ohio-based company to the "fullest extent of the law." Stelco Inc. said in a letter responding to Joly that the company will proceed with the layoffs and the government's characterization of the move as a breach of undertakings is "false." So Goncalves said in almost as many words, "Go ahead and sue." Ottawa's response so far has been not to respond, and people are starting to notice, as we see in the YouTube video embedded above. A reportetr asks Jolie, What is the government's timeline to either res...