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Canada s steel industry has a secret weapon that could soon beat China s cheaper bids

Canada s steel industry has a secret weapon that could soon beat China s cheaper bids
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Canada s steel industry has a secret weapon that could soon beat China s cheaper bids

Article content Last August, Stephen Hunt, director of the United Steelworkers in Western Canada, asked for an urgent meeting with British Columbia Premier John Horgan. With construction starting on the $1.4-billion project to replace the Pattullo Bridge which spans the Fraser River just southeast of Vancouver, and stands out as one of the larger infrastructure projects in the country Hunt, along with other leaders from the USW, urged Horgan to buy the steel for the bridge from a Canadian producer. We apologize, but this video has failed to load. Try refreshing your browser. Canada s steel industry has a secret weapon that could soon beat China s cheaper bids Back to video

The loonie is soaring — and it isn t just an oil story

Article content Surging demand for commodities and the Bank of Canada’s relatively hawkish stance on interest rates are helping to propel the loonie to levels not seen in years, according to analysts. The Canadian dollar has been trading above 83 cents US in recent days, its highest level since 2015. We apologize, but this video has failed to load. Try refreshing your browser. The loonie is soaring — and it isn t just an oil story Back to video Karl Schamotta, chief market strategist at Cambridge Global Payments, said it isn’t just oil driving the rise on the commodities side, where raw materials and base metals have been doing much of the heavy lifting.

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