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Stock impact report

Terence Corcoran: Forget Algoma. Here's the real economic story [Yahoo! Finance Canada]

Algoma Steel Group Inc. (ASTL) 
Marie in March generated the usual grim interpretations. Appearing on CTV's Power Play panel, former NDP leader Thomas Mulcair joined other panelists portraying the layoffs as part of the Trump-driven trade war that is killing Canadian industries. “There will be far more of these cases,” said Mulcair. “The entire economy could start to tank.” Even if more layoffs take place in some key industries, portraying the Algoma layoffs as representative of a Canadian economy in decline does not reflect underlying positive developments taking place across the nation. Despite the trade turmoil and other global economic transformations, Canada still ranks as a dynamic, mostly market-driven economy where entrepreneurial spirits continue to drive growth and progress. And never mind the headline-grabbing Stellantis auto job loss in Brampton, Ont. The automaker just announced the hiring of a third shift of 1,500 new jobs at its Dodge Charger assembly plant in Windsor, Ont. Above all, though, fo Show less Read more
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