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Tag Archives: 400M

Algoma Steel to get loans of $400M federally, $100M from Ontario as tariffs hit the industry

The largest employer in the northern Ontario city of Sault Ste. Marie is getting half a billion dollars in government loans to maintain its workforce in the face of U.S. tariffs.  Federal Jobs Minister Patty Hadju made the announcement at the steel mill on Monday morning. The federal government has entered …

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Ottawa pledges $400M in financial aid for Algoma Steel as tariffs pummel sector

The federal government announced a $400-million financial support for Algoma Steel under its large enterprise tariff relief scheme, Jobs Minister Patty Hajdu said on Monday. The loan will “help Algoma Steel Inc. continue operations, transition to a business model less reliant on the United States, and limit disruption to its workforce,” …

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Summer McIntosh smashes women’s 400m freestyle world record at Canadian swim trials

Canadian Summer McIntosh smashed the women’s 400-metre freestyle world record Saturday night, touching the wall in three minutes 54.18 seconds at the national swimming trials in Victoria. McIntosh eclipsed the mark set by Australia’s Ariarne Titmus (3:55.38) in 2023 at the world championships in Fukuoka, Japan. She beat the other swimmers by more than 13 …

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Officials say $400M to shut out fare evaders from LRT system just an estimate

For years, senior Calgary Transit officials have told city council that it would cost $400 million to add turnstiles or other measures to Calgary’s CTrain system to keep out those who don’t actually pay a fare. This figure was said to come from a 2014 study. CBC News filed a freedom …

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Mos, a challenger bank for students, raises a $40M Series B led by Tiger Global at a $400M valuation, up from $50M in May 2020 (Natasha Mascarenhas/TechCrunch)

Natasha Mascarenhas / TechCrunch: Mos, a challenger bank for students, raises a $40M Series B led by Tiger Global at a $400M valuation, up from $50M in May 2020  —  ‘I wish I had to only convince 1,000 nerds, but we need to convince 20 million students.’  —  Human rights …

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