TSX rises as lower bond yields offset tech, energy weakness - The Globe and Mail

Published: October 16, 2026 at 6:47a.m. EDTRon Wells, president of the United Steelworkers local 1005, joins BNN Bloomberg to discuss the state and future of Canada's steel industry. TORONTO -- Canada’s steel industry, among the sectors hit first and hardest by U. S. President Donald Trump’s tariffs, is starting to turn a corner thanks to an uptick in mining, energy and AI data centre projects as well as government support, although the impact has not been even across the country. While Canada is a small producer globally and steel contributes less than 1 per cent to national GDP, it is one sector in which Prime Minister Mark Carney’s efforts to make Canada’s economy less reliant on the United States appear to be having some success, albeit with a heavy dose of government intervention. Steel companies have been diversifying away from the U. S. and focusing on domestic demand since Trump increased tariffs on imported steel from 25 per cent to 50 per cent in June 2025, steelmakers, analysts and union representatives said. Canada used to send around 90 per cent of its steel exports to the U.

The Supreme Court of Newfoundland and Labrador has certified a class action on behalf of passengers on board Air Canada Flight AC 2259 which landed hard at Halifax in December of 2025 after the plane’s landing gear collapsed. The flight had taken off from St. John’s International earlier that evening, and officials at YYT later confirmed that debris was found on one of its runways after the flight took off. They wouldn’t say at the time whether the discovery was related to the incident at Halifax. The class action names Air Canada, Provincial Aerospace Ltd, St. John’s International Airport Authority and the Halifax International Airport Authority, all of whom have consented to certification. Stephen Barnes of Bob Buckingham Law says they want to understand what went wrong that night and make sure that passengers have an opportunity to be fairly compensated for what they went through. The case will examine whether the defendants met their responsibilities for aircraft safety, runway safety and emergency response, and whether any failures caused injury or loss to passengers.