00:57:25 EDT Mon 07 Jul 2025
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Algoma Steel Group Inc
Symbol ASTL
Shares Issued 104,883,802
Close 2025-03-19 C$ 9.34
Market Cap C$ 979,614,711
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Globe says Algoma Steel sees Carney seek rational talks

2025-03-19 07:25 ET - In the News

The Globe and Mail reports in its Wednesday edition that the Trump administration's threatened and imposed tariffs have raised doubts about the soundness of the trade deal signed in 2018 by Canada, the United States and Mexico and make necessary a "broader conversation" with Washington over its business and security relationship with Canada, Prime Minister Mark Carney says. The Globe's Steven Chase and Mark Rendell write that the Prime Minister was asked Tuesday by media during a visit to Iqaluit whether he shared the opinion of predecessor Justin Trudeau that U.S. President Donald Trump's conduct toward Canada is economic warfare designed to bring about a "total collapse of the Canadian economy because that'll make it easier to annex us." Mr. Carney declined to say whether he agreed with Mr. Trudeau and spoke in a conciliatory manner about how he understood Mr. Trump's rationale for his actions. "He wants to end the fentanyl crisis in the United States. I respect that," Mr. Carney said. "He wants good, high-paying jobs in America. ... He wants repatriation of many American industries and firms to the United States. And I fully respect that." This month, Mr. Trump placed a 25-per-cent tariff on steel and aluminum imports.

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