Prime Minister Mark Carney said Thursday that Cleveland-Cliffs would be making a “mistake” by not respecting its obligations and commitments, as the U.S.-based owner of Stelco faces potential legal action from the federal government over their laying off of up to 500 Canadian steelworkers.
The comments came at an event in Ottawa when Carney was asked by a reporter if, given what has transpired in recent weeks, the federal government felt it was a mistake to allow Cleveland-Cliffs to acquire Stelco in 2024.
“The mistake here would be Cleveland-Cliffs not respecting the obligations, the commitments that they made in the acquisition,” Carney said in response.
The agreement from 2024, of which only a summary has been shared publicly, includes several legally binding commitments Cleveland-Cliffs and Stelco must maintain, including for employment to be at or above levels measured at the time the agreement was created until 2029.
When pressed for more on Thursday, Carney declined to comment further because there is now a legal process heading before the courts. He added that he would reserve his comments for “some other time.”
-
![]()
Business Matters: Federal Industry Minister demands laid-off Stelco workers be recalled – immediately -
![]()
Carney says failing to honour Stelco commitments would be a ‘mistake’ -
![]()
‘Bring back the jobs and then we’ll meet’: Joly prepared for talks with Stelco representatives -
![]()
Stelco owner defends cuts, seeks meeting with industry minister Joly -
![]()
Getting Back to Business
This comes just hours after Global News obtained a letter, dated Oct. 29, from Industry Minister Mélanie Joly and addressed to Stelco’s president, Paul Simon. In the letter, Joly said she expects a “concrete and credible plan for re-engagement with these workers.”
Get breaking National news
While arguing the company has not broken its agreement with the federal government, Cleveland-Cliffs has also argued they “should not be responsible for impacts of external factors beyond their control,” including U.S. tariffs on Canadian steel.
Speaking to reporters Thursday, Joly reiterated that Cleveland-Cliffs and its CEO, Lourenco Goncalves, have actively supported the U.S. tariffs and must “face the consequences” they have on the Canadian market.
Joly said she reviewed an interim compliance report that was provided by Stelco on Oct. 26 but said the report was “far from satisfactory.”
“It does not alter my belief that Stelco and Cleveland-Cliffs are not in compliance with their undertakings under the Investment Canada Act as set out in my October 22 section 39 demand,” she said in the most recent letter.
According to the union representing Stelco’s laid-off workers, about 175 have been let go so far, but an internal memo said that could increase to about 500.
Separately, Cleveland-Cliffs CEO Lourenco Goncalves reportedly told The Canadian Press Wednesday that laid off Stelco workers could be recalled by the holidays provided sales of Canadian steel increase.
“It will depend on Canadian customers buying Canadian steel, made by Stelco,” he said in a statement, adding: “If our plan works, my intention is to call back all the 175 workers before Christmas.”
– with files from Global’s Rachel Morgan, Mackenzie Gray and The Canadian Press
Looks like US companies like breaking contracts just like their tyrant, felon, rapist President. Canada needs to be leery of foreign investment. Carney is simply stating what the original agreement was and how it is not respected. Thankfully we have Carney as PM during this difficult time when countries around the world are suffering because of Trump …meanwhile Trump cow totes to Putin and other dictators as he is a wanna be dictator but hopefully the mid term election will start to change that. US people are seeing what Trump is doing and how he is hurting them while he, his family and elite friends make billions!
Given Carney hasn’t demonstrated that the commitments are real he can pound salt. He and his mental midget minister are chasing away foreign capital with this ‘political officer’ interference. How very national socialist of you mein furher. You are a total disgrace.
They’ll just sell and give Emperor Carney and Canada the finger
Will the last out of Canada please turn off the lights. Thank you
Lots of whining going on in these comments 😂😂😂😂
Carney pontificating about morals and values. Meanwhile he moved Brookfields office to the USA and most of his investments are in the USA. Massive hypocrisy.
What is the act of pointless gesticulation for 1200, Alex.
Canadians are making a mistake by letting this European buffoon lead in Ottawa.
Unemployment way up, dollar value way down.
Welcome to liberal Canada!!!
Sorry I don’t take advice from total hypocrites like Mark Carney.
The threats are heavy to deflect from what should be embarrassing for them and will likely never amount to anything but theatrics.
It’s like suggesting they wouldn’t layoff employees unless it came to a euthanasia-like decision to be euthanized by a government without meeting the criteria.
Make no mistake, Stelco was not what people could deem a hostile takeover. It was a business that sought a buyer and found one.
The government approved the sale with some fairytale view of reality that identified as being right despite legal precedence.
Mark Clowney. Do as I say, not as I do.
No business can guarantee what Liberals have asked for.
The Liberals are asking for a pound of flesh because the business promised it, to achieve their own independent goals.
It is unethical what they did but it is not as unethical as killing another person, or destroying a multi-national company and sacrificing employment across multiple nations, over a ridiculous contractual requirement.
It’s a classic case of: your contract cannot violate the laws of man or the laws of physics.
There is no lawful contract to uphold.
Carney needs to be careful when he talks about “obligations”. Quote rich since he moved Brookfield from Toronto to the USA.
I mean, I am making quite the defamatory claim, but, it cannot legally or competently file one so, I am not really concerned.
I suppose, if suckered by a lawyer smarter than they, the individual that claimed responsibility for the longest ballot could try to claim defemmation, but I doubt they want to go under oath for anything and have no better defense than “I bought an expert to say”.
My bets are Aden Holding is the type of person behind the longest ballot.
Just trying to disaffect the lazy and stupid.
A bot.
I await its intelligent defense of my implication.
And if you don’t find a Canadian willing to buy it, that means your policies suck and are hurting growth in Canada.
It seems like they conceded and intend to sell it back to you in a year so, you’re just being George Costanza.
The problem is they didn’t buy it from you, so you still need to find a Canadian willing to buy it.
Private businesses take note. Do not take subsidies from Clowney and Joly. Then they will try to dictate how you should run your business.
Carney isn’t a judge and jury. Reminds me of when his pal Trudeau railroaded Admiral Mark Norman.
We are looking for an individual who can lend 185,000 US dollars to our holding company.
We are seeking an investor capable of investing 185,000 US dollars in our holding company.
We will establish an animation film production company using the 185,000 US dollars you will lend to our holding company.
We will establish an animation film production company with the 185,000 US dollars you invest in our holding company.
We will use the 185,000 US dollars you invested in our holding company to establish an animation film production company, and we will have increased that investment amount within a few months.
By using the 185,000 US dollars you invested in our holding company to launch an animation film production company, we will increase the value of your investment within a few months.
We will have increased the 185,000 US dollars you invested in our holding company within a few months.
We will use the 185,000 US dollars you lent to our holding company to establish an animated film production company, and within a few months, we will significantly increase the 185,000 US dollars you lent to our holding company.
Since animated films attract significant public interest today and we intend to undertake international animation projects, the animation film production sector will generate substantial revenue for us.
Since animated films currently attract more attention and we will be working on international animated film projects, the animation production sector will provide us with significant revenue.
By establishing an animation production company, we will generate substantial revenue within a few months.
By utilizing artificial intelligence tools as well, we will be able to produce animated films more quickly.
We will produce professional-quality animated films covering a wide range of topics.
Since we will be producing animated films across many categories and in multiple languages, our viewership will increase rapidly.
Since animated films are currently very popular and we excel in the field of advertising, the animated films we produce could garner millions of views in a short time.
How will revenue be generated, and how will we increase our audience?
Since the animated films we will produce will be in many languages, it will increase the viewership of our animated films internationally.
Since we will produce animated films in many categories instead of just one, the animated films we make will receive more viewership.
We will produce animated films in at least seven different categories every year.
Since we will produce high-quality and more professional animated films, our films will be watched by millions internationally.
We will earn money per view by sharing the animated films we produce on various social media platforms such as YouTube, Instagram, Facebook, and TikTok.
Since the animated films we will produce will be in many languages, we will earn money per ticket by screening our animated films in cinemas of many countries.
We will earn revenue per ticket by screening the animated films we produce in movie theaters across many countries.
By releasing the animated films we produce on various streaming platforms such as Netflix and Amazon Prime, we will generate significant revenue.
We will release the films we produce on our own website; through a paid subscription model, viewers wishing to watch our animated films will purchase subscriptions, thereby generating revenue for us.
As the audience for the animated films we produce grows, we will generate significant revenue by promoting sponsors’ products in our future animated films.
By embedding trailers of the animated films we produce onto blogs and news sites, we will increase the international viewership of our animated films.
By promoting our animated films on various high-traffic websites and social media accounts, we will achieve a large audience.
By using advertising tools such as Google Ads, YouTube Ads, and Facebook Ads, we will be able to introduce our animated films to the entire world more quickly.
As our fan base grows, we will generate extra revenue by producing and selling products—such as toys, mugs, and sweaters—featuring the characters from our animated films.
We will generate significant revenue by broadcasting our animated films on television channels in many countries.
By employing a very strong marketing strategy, we will generate millions of dollars in revenue from the animated film industry in a short time.
How will the process work?
First, we will establish an educational website offering professional-level training in animated film production.
Even someone with absolutely no knowledge of making animated films can become a professional within one month by studying the animation course on our training site.
We will train and hire our own animation production staff.
Since we will train our team ourselves, we will be able to work in a more coordinated manner, which will enable us to complete the animated films we produce more quickly.
Within two months, we will have trained and recruited staff to establish our own animation film production team.
We will assemble a professional-level animated film production team within two months.
Within two months of assembling our animation film production team, we will produce professionally designed animated films covering various topics and in multiple languages
We will produce animated films in at least 7 different categories within two months.
Once our animated films are completed, we will release them in various places and start earning money within two months.
We will generate substantial profits within two months of completing our animated films, thanks to our strong marketing strategy.
Within two months, we will rapidly generate substantial revenue by releasing our film on platforms such as Netflix, Amazon Prime, TikTok, Instagram, and YouTube, as well as in movie theaters across many countries.
One month after releasing our animated film internationally, we will generate revenue of at least 7 million US dollars.
We will generate at least 7,000,000 US dollars in revenue one month after releasing our animated films in many countries.
Since the animated films we produce will be in multiple languages and across various categories, they will quickly garner high viewership.
Today, animation film production companies generate average annual earnings of at least 800 million US dollars.
Thanks to our strong advertising tactics, we will generate more revenue in the future.
We will have generated at least 7,000,000 US dollars in revenue within a total of 7 months.
How much income will you generate by investing 185,000 US dollars in our holding company?
If you lend 185,000 US dollars to our holding, I will return your money as 370,000 US dollars on 30/04/2027.
If you invest 185,000 US dollars in our holding, I will return your money as 370,000 US dollars on 30.04.2027.
We will increase the 185,000 US dollars you have lent to our holding company by utilizing it in the animated film production sector, and I will return the funds to you as 370,000 US dollars on April 30, 2027.
I will return your money to you as 370,000 US dollars on April 30, 2027.
April 30, 2027, is the date we will repay your money.
You will have generated twice as much revenue within a few months.
I will repay you the 185,000 US dollars you lent to our holding company as 370,000 US dollars when the date of April 30, 2027, arrives.
We will invest the 185,000 US dollars you have lent to our holding company into the animated film production sector to further increase the amount, and when April 30, 2027, arrives, I will return the money to you as 370,000 US dollars.
By investing 185,000 US dollars in our holding company, you will generate substantial returns in a short period—don’t miss this opportunity.
How to contact us:
To learn how you can grow your money by investing in our holding company, send a message to my Telegram username, Signal number, or email address listed below, and I will provide you with detailed information.
To learn more about our animated film project and how you can invest 185,000 US dollars in our holding, send a message to my Telegram username, Signal contact number, or email address below, and I will provide you with detailed information.
To learn how you can lend 185,000 US dollars to our holding and increase your money even more within a few months, and to get detailed information, send a message to my Telegram username, Signal contact number, or email address below, and I will provide you with detailed information.
Send us a message via Telegram, Signal, or email for detailed information.
I have listed our contact details below; you can obtain detailed information by sending a message to any of them.
To learn how you can lend 185,000 US dollars to our holding and to get detailed information about our animated film project, send a message to my Telegram username, Signal contact number, or email address below, and I will provide you with detailed information.
To learn how you can further increase your money within a few months by investing 185,000 US dollars in our holding and to get detailed information about our animated film production project, send a message to my telegram username, signal username, or email address below.
To learn how you can increase your money, send a message to my Telegram username, Signal contact number, or email address below.
My Telegram username:
@adenholding
Signal contact number:
+447842572711
Signal username:
adenholding.88
my email address:
adenholding27@yahoo.com
Dee is a Putin troll.
How’s life in cheery Moscow?
And what will Caney and Joly whine about when Steelco announces they are closing and leaving Canada. More pouting and posturing from the ‘Mutt and Jeff’??
Making business decisions based on actual economic circumstance is not the Liberal socialist way to run a country. Steelco can be like Canada Poste, even when there is no work to be done; the workers sit around doing nothing while still getting paid.
Meanwhile Carney tells all his cohorts, that Cleveland Cliffs needs to know who actually runs and makes all the decisions about Canadas economy.
Hey, where is all the foreign investment that the Liberals keep bleating about coming into Canada. All I hear is crickets.
I also wonder how much of the Chinese steel is still being dumped into the west coast for transport east. All questions nobody in the media bother looking into or asking about.
Hey Carney if you have a case sue them!
Enough with the posturing are you competing with Trump now?
We all need to work together to silence Gen ZZZZ Ben. He is a commie liberal through and through
When you make a deal with the liberal party, you have gone as low as you can. They will try too manipulate the whole narrative and dance around a bucket full of nonsense and threats. Damn sad .
Orange Jesus could fix this. All we need to do is give him our lunch money and our underage daughters and he’ll make everything better.
Carney acts like Canada is a tin pot dictatorship and his decree is the rule of law. Luckily that isn’t the case.
Anonymous ❤️’s Ben Really Long Time
Joly can file a state of claim if she wants to. This is a contractual matter not a political one as per Joly and Carney.
Elbozos being made the fool day after day.
As their halfwit supporters bark like seals for more.
Carney can take Stelco to court. It will take years for it to get it settled.
Carney feels so amazing up my rectum.
I love Carney and have a relationship with him. I’m educated-grade 9
@Not Ben 205pm. Busy with Ben in the hotel room?
Ben is a bootlicker who supports Carney. We need to change that and have him support Poilievre.
@Ben. You sound like an uneducated bimbo.
Again threats and tough talk but doing nothing. How many deadlines have gone passed and this government has done nothing. This is sending out 2 messages come to Canada and be threatened with legal action because you layoff workers because there is no work or get lots of tough talk and threats but nothing will happen. Carney and this government are looking really foolish in the meantime Canadians are losing jobs everywhere but that doesn’t seem to matter.
Welcum to cunada, toilet bowl full of turd
Trump gonna take a dump down you libturds throat
How carnholes shriveled weiner taste libscum? Probably good to you dipshats
oooohhhhhhhhhh, im sure they are very intimidated Mr. Carney. Flash those scary teeth and see how respected you are! We are definitely not the laughing stock of the Americas right now.
After all, Trump was thrilled when carney was elected. A spineless corrupt goon who is easy to manipulate and control.
Lets see how this one plays out shall we?
Elbows up!!!
Anonymous @1:59pm.
Your such a loser. Maybe it’s best you hide behind being the name anonymous because your a nobody. Although “Anonymous da Loser” has a nice ring to it. You know, to seperate yourself from the other dozen anonymous users. What do you think loser?
Trumps gonna take that dump in his own diaper when he looses the mid terms and faces procecution for crimes against humanity HAHA
It appears this is all about politics and little about legal issues.
As usual, Joly is a lightweight only available for a photoshoot.
If the government had legal leverage they would use it.
Instead they are now talking moral obligations.
Cleveland Cliffs would seem to be on safe legal ground.
Joly is just posing for domestic audience.
Trump’s gonna take a dump down carnhole’s throat
Carney is an authoritarian. This would not be an issue if he got a deal done with the USA.