Algoma Metal Group Inc. is already feeling the consequences of the commerce struggle. CEO Michael Garcia acknowledged on Thursday that the corporate is implementing “aggressive” cost-cutting measures to deal with the uncertainty.
Talking through 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 help 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 employees in affected industries.
He additionally pledged to “double down” on partnerships between the federal authorities and business.
NDP Chief Jagmeet Singh has continued to push for adjustments to federal procurement guidelines.
