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Stelco posts strongest quarter since Cleveland-Cliffs takeover amid layoffs
Stelco posts strongest quarter since takeover
THE CANADIAN PRESS/Nick Iwanyshyn
The chief executive of Cleveland-Cliffs Inc. says Stelco has posted its strongest quarterly results since the Ohio-based company acquired the steelmaker two years ago, even as it moves ahead with up to 500 layoffs at its Ontario operations.
Lourenco Goncalves says Stelco became a "positive contributor" to Cleveland-Cliffs' third-quarter results for the period ended Sept. 30 amid a sharp improvement in Canada's hot-rolled steel market.
However, he says more needs to be done by the Canadian government to correct "a clearly oversupplied market for galvanized steel in Canada."
Goncalves says without a clear plan from Ottawa aimed at improving market conditions for galvanized steel, the company made the "difficult but necessary" decision to indefinitely idle its galvanizing lines at Stelco.
He says laid off workers will be called back as soon as the current situation improves.
In the meantime, Goncalves says Stelco will concentrate on hot-rolled products "that actually have a market."
He says total production tonnage at Stelco will be maintained, its contribution to Cleveland-Cliffs' earnings will further increase, and about 2,000 Canadian jobs will be preserved.
Stelco produces hot-rolled steel at its Lake Erie Works in Nanticoke, Ont., for products such as construction materials and pipelines, while its Hamilton Works processes steel into cold-rolled and coated products, including galvanized steel, used for automotive, agriculture and infrastructure applications.
This report by The Canadian Press was first published Oct. 19, 2026.
By Brett Bundale | Copyright 2026, The Canadian Press. All rights reserved.
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News publishers launch copyright suit against AI company Anthropic in Ontario
Canadian news publishers sue Anthropic
A coalition of news publishers that includes Canada’s largest newspapers is suing the AI company Anthropic in an Ontario court.
Postmedia, Torstar, The Globe and Mail and The Canadian Press say Anthropic infringed on their copyright by using their content to develop its large language AI model Claude.
"Anthropic has capitalized on the commercial success of its AI models, building an expansive suite of services, and raised significant capital — all without obtaining a valid licence from any of the News Media Companies," says the statement of claim.
"In doing so, Anthropic has been substantially and unjustly enriched to the detriment of the News Media Companies."
The lawsuit, filed on Oct. 6, was first reported by the news site Cartt.ca. Anthropic has not responded to a request for comment. The allegations have not been proven in court.
The statement of claim says Anthropic breached the news media websites’ terms of service and circumvented technological protection measures they put in place to restrict copying of their content.
The claim says the news outlets "are responsible for generating a significant portion of Canada’s journalistic content — from daily print broadsheets to round-the-clock digital news coverage," and collectively have millions of readers.
"To obtain content for ingestion into its models and services, Anthropic deliberately 'scrapes' (i.e. accesses and copies) enormous amounts of text data from the internet and from the Plaintiffs’ Websites," the claim says.
The news outlets say Anthropic then uses that content, without authorization or consent, to develop its AI models. It says Anthropic also scrapes content on an ongoing basis in response to user prompts.
"Notwithstanding concerns raised by several content creators across various industries, including through numerous other lawsuits and public criticism, Anthropic has done nothing to curtail its unlawful behaviour," the statement of claim says.
The same companies also launched, alongside CBC/Radio-Canada, a lawsuit against OpenAI in 2024. That case has yet to be settled.
News publishers have been pushing the federal government to take a stand on how AI systems use copyrighted content after the government’s national AI strategy failed to address the issue.
This report by The Canadian Press was first published Oct. 16, 2026.
By Anja Karadeglija | Copyright 2026, The Canadian Press. All rights reserved.
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Trial for man accused in Pearson gold heist hears more from key figure in case
Testimony continues in Pearson gold heist trial
THE CANADIAN PRESS/Arlyn McAdorey
A man who received a prison sentence for his role in the Toronto Pearson airport gold heist has told a Brampton, Ont., court that on the day of the theft, he communicated with the man currently on trial in the case.
Arsalan Chaudhary returned to the witness stand today in the trial of Parmpal Sidhu, who has pleaded not guilty to charges of theft over $5,000 and conspiracy to commit an indictable offence in the 2023 heist.
Chaudhary was sentenced this spring to four years in prison after pleading guilty to theft over $5,000, and he was given 40 years to pay back $22 million in restitution.
His testimony in Sidhu's trial was paused last week after he said that recalling his alleged abduction in Pakistan had left him traumatized.
Chaudhary testified today that he told Sidhu the truck and driver were ready on the day of the gold heist and that Sidhu replied, "OK."
Chaudhary told court last week that he planned the heist with another man who is still wanted by authorities, and he ended up taking 30 per cent of boxes full of one-ounce gold bars.
He said he melted some of the gold before travelling to Pakistan, where he was kidnapped and abused until he gave up the loot.
Prosecutors allege that Sidhu, an Air Canada employee at the time, provided a doctored waybill that allowed another man to pick up more than $22 million in gold and currency from a Pearson airport cargo bay.
Peel regional police have said 6,600 gold bars weighing more than 400 kilograms were stolen from the airport on April 17, 2023, after the shipment arrived from Switzerland.
This report by The Canadian Press was first published Oct. 19, 2026.
Copyright 2026, The Canadian Press. All rights reserved.
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