Ottawa warns Stelco owner to protect Canadian jobs or face forced sale - BNN Bloomberg
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Published: October 16, 2026 at 1:41p.m. EDTIndustry Minister Melanie Joly says Stelco owner Clevland-Cliffs has ‘spoken in favour of U. S. tariffs,’ putting Canadian jobs at risk. Industry Minister Mélanie Joly is issuing a fresh warning to Stelco’s American owner, saying it must protect Canadian jobs or face the prospect of being forced to sell its assets in Canada. Speaking at the Canadian Club in Toronto on Friday, Joly took aim at Cleveland-Cliffs for supporting U. S. tariffs, describing it as “the elephant in the room,” adding that they are directly harming its Canadian operations, while putting hundreds of jobs at risk at Stelco’s Hamilton plant. How to set CP24 as your preferred source on GoogleHow to set CTV News as your preferred source on Google“Cleveland Cliffs must uphold its commitments. Full stop,” Joly said. “We will apply the full force of the law and every tool in the toolbox to ensure that this strategic capacity remains operational, and they must keep the jobs in Canada or face the prospect of having to sell their Canadian assets,” she later added. Industry Minister Melanie Joly speaks to reporters at the Canadian Club in Toronto on Friday Oct. 16, 2026.
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