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Business & Industry · Oct 12, 2026

Ottawa threatens legal action as Stelco proceeds with layoffs at Hamilton plant

Stelco has begun issuing layoff notices at its Hamilton steelworks even after the federal industry minister gave the company five business days to present a compliance plan under the Investment Canada Act. The dispute raises fresh questions about foreign ownership, trade policy and enforcement tools for protecting Canadian jobs.

Business & Industry · Oct 5, 2026

Suncor to sell Newfoundland offshore stakes to Ithaca Energy in C$1.2 billion deal, reshaping east coast oil landscape

Calgary based Suncor Energy agreed to sell its interests in the Terra Nova, White Rose and West White Rose offshore projects to London based Ithaca Energy for C$1.2 billion in upfront cash plus contingent payments, a deal that accelerates Ithaca's first international expansion and frees Suncor to boost shareholder returns and focus on core assets in Alberta.