Business · Economy · 2 days ago

Stelco begins issuing layoff notices as Canada loses 68,000 jobs in September

Stelco begins issuing layoff notices as Canada loses 68,000 jobs in September

Stelco has begun handing out layoff notices at its steel plant in Hamilton, Ontario.

The company announced last week that it could cut up to 500 jobs, citing the trade war.

One worker, Mike Watts, said Friday was his last day at the plant.

Canada also lost 68,000 jobs in September, wiping out employment gains recorded earlier in 2026, according to Statistics Canada.

Economists say the job losses add to pressure on an already difficult labour market, and that trade disruptions could cause further strain in industries exposed to tariffs.

Stelco’s U.S. parent company, Cleveland-Cliffs, has said affected workers could be called back if a trade deal is reached.

Federal Industry Minister Mélanie Joly has warned the company it must honour commitments made when it acquired Stelco, including those related to jobs.

What people are saying

What’s my future? That’s all I’m thinking about. What will I do next?
Mike WattsStelco workervia BNN Bloomberg
I take it as Cleveland-Cliffs is using this as blackmail. That’s how I see it.
Mike WattsStelco workervia BNN Bloomberg
quite disappointing.
Sal GuatieriBMO director and senior economistvia BNN Bloomberg
These workers did everything right, and my message to them is to keep the hope and keep the faith because we will keep fighting for you,
Pierre PoilievreConservative leadervia BNN Bloomberg

Sources

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