U.S. Steel Canada files for creditor protection

The former Stelco, now a division of U.S. Steel, is in trouble. Creditor protection is the “only option”. This, on the same day as another article proclaims “Canada’s manufacturing sector posted record sales for July and topped expectations as it gained 2.5 per cent”. If they cannot make a profit when manufacturing is good, how will they fair later?

U.S. Steel Canada files for creditor protection | Toronto Star.

Canadian manufacturing sales hit record monthly high | Toronto Star.

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