The Daily Chase: Carney's pipeline announcement [BNN Bloomberg (Canada)]
Algoma Steel Group Inc. (ASTL)
Company Research
Source: BNN Bloomberg
The Alberta government has been negotiating with Ottawa to allow the proposed Pathways Alliance project to move forward along with a pipeline to the west coast. Carney has vowed to make Canada an ‘energy superpower', but a 2019 tanker ban is blocking a new pipeline from being built. Ottawa has yet to say whether it would end the ban. Ottawa's support for steel and lumber : PM Carney announced the federal government will add a 25 per cent tariff on all steel-derivative imports as part of a suite of measures to help steel and softwood lumber producers Tuesday. The new levies will take effect Dec. 26 and will affect $10 billion worth of goods. Ottawa will also subsidize freight-rail rates for the steel and lumber industries, as well as provide an additional 500 million dollars in loans for the forestry sector. Steel sector skepticism : Canadian steel stocks may rise today due to the support plan announced by Ottawa – however some analysts are skeptical on how sustained the boost will
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ASTL
News
- Steelworkers condemn Algoma’s heartless holiday job cuts [Canadian Business Journal (Canada)]Canadian Business Journal
- Steelworkers condemn Algoma's heartless holiday job cuts [Yahoo! Finance]Yahoo! Finance
- Small caps to watch: D2L earnings preview, deals from EQB and Canfor, Tecsys earnings and more [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- A worker is shown at Algoma Steel in Sault Ste. Marie, Ontario on Friday, April 25, 2025. THE CANADIAN PRESS/Sean Kilpatrick [BNN Bloomberg (Canada)]BNN Bloomberg
- Algoma Steel CEO: Feds knew about plans for layoffs before giving $400M loan [BNN Bloomberg (Canada)]BNN Bloomberg
ASTL
Earnings
- 10/29/25 - Miss
ASTL
Sec Filings
- 12/2/25 - Form 6-K
- 12/1/25 - Form 6-K
- 11/20/25 - Form SCHEDULE
- ASTL's page on the SEC website