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Are Companies Saying "Anywhere But Canada"?
Mark Carney’s government is entertaining the possibility of nationalizing Stelco as Ottawa confronts Cleveland-Cliffs over alleged breaches of its takeover commitments. Could the fallout reach far beyond Canadian steel jobs?
The most expensive consequence might be a factory that never opens, an expansion that never happens—or a Canadian who never gets hired.
Cleveland-Cliffs CEO Lourenco Goncalves has accused Ottawa of “bullying and harassment.” The government says the company must honour binding commitments made when it acquired Stelco. The company disputes that it has broken the law.
But…
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