Algoma Metal Group Inc. is already feeling the results of the commerce battle. CEO Michael Garcia said on Thursday that the corporate is implementing “aggressive” cost-cutting measures to deal with the uncertainty.
Talking throughout the Sault Ste. Marie, Ontario-based firm’s quarterly earnings name, Garcia stated that Algoma is in discussions with federal and provincial leaders to discover doable authorities assist to assist offset the tariffs.
In Hamilton, Ontario, prime minister-designate Mark Carney addressed steelworkers on Wednesday, saying that the proceeds from Canada’s tariffs ought to go towards supporting staff in affected industries.
He additionally pledged to “double down” on partnerships between the federal authorities and trade.
NDP Chief Jagmeet Singh has continued to push for adjustments to federal procurement guidelines.
