05:54:00 EDT Mon 07 Jul 2025
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Algoma Steel Group Inc
Symbol ASTL
Shares Issued 104,883,802
Close 2025-03-18 C$ 9.08
Market Cap C$ 952,344,922
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Globe says Algoma Steel sees Ford contrite postbackdown

2025-03-19 07:06 ET - In the News

The Globe and Mail reports in its Wednesday edition that Ontario Premier Doug Ford says he is holding back on his confrontational rhetoric in the trade war launched by the United States. The Globe's Jeff Gray and Laura Stone write that Mr. Ford, speaking to reporters at Queen's Park about his meeting last week with U.S. Commerce Secretary Howard Lutnick, said Tuesday that his focus was now on convincing the U.S. to exempt Canada from the sweeping tariffs it is set to impose on trading partners in two weeks. While the Premier dismissed the notion of a U.S. military invasion of Canada as "nonsense," he did not provide any assurances gleaned from his recent meeting that the U.S. administration would not use the economic stranglehold of 25-per-cent tariffs to compel Canada to become the 51st state. The Premier's comments follow last week's trade drama, in which he backed down from imposing a 25-per-cent surcharge on his province's electricity exports to the U.S. Mr. Ford's move prompted a quick reaction from Mr. Trump, who immediately threatened to double the 25-per-cent duties he was about to impose on Canadian steel and aluminum. In exchange for the Premier's about-face, Mr. Trump reversed his threat to double the levy.

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