Algoma Steel CEO says feds knew Wednesday's layoffs were coming
Update: 2025-12-03
Description
The CEO of Algoma Steel says the Carney government and the Government of Ontario were aware that the company’s business plan included a re-tooling, which would lead to layoffs. This was before the government agreed to provide Algoma with a $500 million loan guarantee to offset the impact of U.S. tariffs. Vassy Kapelos chats with Michael Garcia following the company's decision to lay off 1,000 workers.
On today's show:
- Jason Jacques, the Interim Parliamentary Budget Officer, delivers his analysis of Build Canada Homes and the feds' 2030 emissions reduction targets.
- Retired General Tom Lawson joins Vassy to help answer this week's Explainer question: Why does arctic sovereignty matter?
- The Daily Debrief Panel - featuring Nick McRoberts, Stephanie Levitz, and Jeff Rutledge.
- Vassy speaks with Cindy Woodhouse-Nepinak, the National Chief for the Assembly of First Nations.
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