"They Cannot Say This Is An Act Of God": Joly SLAMS Cleveland-Cliffs Over Stelco Layoffs

🏭 Ottawa just gave Stelco's American owner 5 DAYS to save 500 jobs — or face court. And the last time Canada did this, it rewrote the rules. In 2009, Ottawa sued U.S. Steel over broken promises at Stelco. Seventeen years later, Cleveland-Cliffs is walking into the same fight, but this time Canada wrote the answers before the company could make its excuses. A court could even order Stelco SOLD. 🔍 IN THIS VIDEO: 📄 Why Mélanie Joly gave Cleveland-Cliffs a 5-business-day ultimatum ⚖️ The 2009 lawsuit that U.S. Steel never won, and Ottawa never forgot 🛡️ The two legal shields U.S. Steel used, and why Joly's letter targets both 🔨 How the Investment Canada Act was strengthened after round one 🏗️ The hidden power: a court can order a business put up for sale 💰 Carney's $1 trillion investment push vs. threatening a foreign investor 📊 KEY FACTS: Up to 500 Stelco layoffs announced in Hamilton Joly's deadline: 5 business days to produce a jobs plan 2007: U.S. Steel buys Stelco for about US$1 billion 2008-09: more than 1,500 Canadian workers laid off, lawsuit filed July 2009 2011: out-of-court settlement with $50M capital investment commitment 2024: Cleveland-Cliffs' $3.4B Stelco deal approved with a 5-year unionized headcount promise Daily fines for breaking an undertaking raised to $25,000 Only the second time on public record Ottawa has gone to court over investment commitments ⏱️ CHAPTERS: 0:00 The Layoff Notice 1:15 Joly's 5-Day Deadline 2:15 2007: U.S. Steel Buys Stelco 3:30 The 2009 Lawsuit 5:00 Settlement & The 2014 Collapse 6:15 Canada Turns a Bruise Into Armour 7:30 Cleveland-Cliffs' 2024 Promise 8:45 The Two Shields 10:15 The Power to Force a Sale 11:15 What to Watch Next 🔗 SOURCES & RELATED: Minister Joly's Letter to Stelco Investment Canada Act: Net Benefit Review and Undertakings Government of Canada Statement on Cleveland-Cliffs / Stelco Approval (2024) CBC News: Attorney General of Canada v. U.S. Steel (2009) 🔔 SUBSCRIBE for daily deep dives into Canada's economic rise, investment trends, and the strategy behind the headlines before they hit the evening news. 👇 Drop your thoughts below: Should Ottawa go all the way to court, or is a tougher negotiated deal the smarter way to protect Hamilton's steel jobs? #Canada #Stelco #ClevelandCliffs #MelanieJoly #Steel #Hamilton #Ontario #CanadaEconomy #CanadaNews #TradeWar #SteelTariffs #Manufacturing #InvestmentCanadaAct #USSteel #MarkCarney #Layoffs #Unions #CanadianManufacturing #CanadaNext #EconomicNews 📩 Business & inquiries: [email protected] Website: https://canadanext.blog/ Instagram: https://www.instagram.com/canadanextoffical/ X: https://x.com/canadanextt 📱 BIG NEWS: The CanadaNext app is here. The CanadaNext app gives you: 🗞️ Daily AI-powered briefs — Canada's top stories summarized in minutes Available now on iPhone & iPad. Free download. 👉 Get it here: https://apps.apple.com/tr/app/canada-next/id6760950245 Stay ahead of what's next for Canada.