The latest round of layoffs in Ontario’s steel belt highlights the ripple effects of U.S. tariffs as their impact reverberates through Canada’s manufacturing supply chain, industry experts say.
Stelco Holdings Inc. on Monday said it was laying off up to 500 workers at its Hamilton and Lake Erie facilities, with the company citing the ongoing trade crisis, weak demand and continued import pressure.
The job cuts are the latest in a string of tariff-linked layoffs in the province and come after plans for more than 1,000 job cuts at Algoma Steel in Sault Ste. Marie and the closure of ArcelorMittal’s Hamilton wire-drawing mill.
Alan Arcand, chief economist at Canadian Manufacturers...
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