04:58:43 EDT Thu 03 Jul 2025
Enter Symbol
or Name
USA
CA



Algoma Steel Group Inc
Symbol ASTL
Shares Issued 104,933,802
Close 2025-06-26 C$ 9.39
Market Cap C$ 985,328,401
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Globe says Algoma Steel braces for more trade shock

2025-06-27 07:31 ET - In the News

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The Globe and Mail reports in its Friday edition that two weeks into trade negotiations with the United States, Canada remains publicly committed to the goal of getting all tariffs removed. The Globe's Mark Rendell writes that nevertheless, Ottawa is beginning to manage expectations. Kirsten Hillman, Canada's ambassador to Washington and lead trade negotiator, highlighted President Donald Trump's unwavering fondness for tariffs in media interviews this week. Business leaders and industry representatives who have had conversations with Canada's negotiators say they have been asked what level of tariffs they could live with. The details of the discussions between Ottawa and Washington, which kicked into high gear this month after a meeting between Mr. Trump and Prime Minister Mark Carney at the G7 summit, remain a tightly held secret. One business leader likened Mr. Carney's approach to how investment bankers run deals, with secrecy paramount. But as negotiators sprint toward a self-imposed July 21 deadline, there is a growing sense among businesses and trade experts that Mr. Trump is unlikely to remove all the tariffs he has placed on Canadian goods in recent months -- no matter what Ottawa puts on the table.

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