12:17:14 EDT Thu 01 Oct 2026
Enter Symbol
or Name
USA
CA



Algoma Steel Group Inc
Symbol ASTL
Shares Issued 105,661,468
Close 2026-09-30 C$ 5.95
Market Cap C$ 628,685,735
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FP says Algoma told working with Trump waste of time

2026-10-01 08:45 ET - In the News

The National Post reports in its Thursday edition that U.S. President Donald Trump seems to think that all the pain from the trade war is on the Canadian side that we are ready to submit to his authority. The Post's John Ivison writes that sense was reinforced by the news of the day. Steel producer Stelco has told customers that it is "indefinitely idling" the cold-rolled and coated lines at its Hamilton Works because of tariffs, affecting 350 jobs. On the same day, Mr. Trump unveiled plans for a $15-billion (U.S.) steel mill in Iowa that will create 1,750 jobs. The Stelco case does not indicate that Canada is heading for humiliating defeat. For one thing, the Canadian economy is proving more resilient than many predicted. GDP estimates for August indicate the economy remains on course for third-quarter growth (annualized) of 1.8 per cent. On Tuesday, LNG Canada said it plans a massive $30-billion expansion to its Kitimat, B.C. Stelco's announcement is an atypical case. The company is owned by Cleveland Cliffs, whose chairman, Lourenco Goncalves, is a vocal supporter of the President and his tariff policy. Mr. Carney's biggest challenge may be convincing Canadians that any kind of accord with Mr. Trump is desirable.

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