21:08:55 EST Sun 08 Feb 2026
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Ford CDR (CAD Hedged)
Symbol F
Shares Issued 350,000
Close 2025-10-16 C$ 10.07
Market Cap C$ 3,524,500
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Globe says Algoma Steel hears PM cool to countertariffs

2025-10-17 07:22 ET - In the News

See In the News (C-ASTL) Algoma Steel Group Inc

The Globe and Mail reports in its Friday edition that Prime Minister Mark Carney says he is not prepared to impose countertariffs against the United States while intense trade talks with the Trump administration are under way. The Globe's Robert Fife writes that Mr. Carney has been under pressure from unions, some in the corporate sector and several premiers, including Ontario's Doug Ford, to hit back at the U.S. over its tariffs on steel, aluminum, autos and lumber. At a news conference Thursday to announce new crime measures, the Prime Minister ruled out countermeasures at this time. "Right now with the Americans we are engaged in deep negotiations, intensive negotiations on several sectors of the Canadian economy -- energy, aluminum and the steel sector," he told reporters. "There are times to hit back and times to talk and right now is the time to talk." Negotiations led by Dominic LeBlanc have been going on since an Oct. 7 Oval Office meeting between Mr. Carney and President Donald Trump. Mr. Carney said he would be briefing Mr. Ford at a private meeting later Thursday on the U.S. talks, as well as the auto sector and softwood lumber. Canadian steel producers have been particularly hard hit by 50-per-cent levies.

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