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Live News REGULATION ARTICLE M impact

Canada Demands Cleveland-Cliffs Abandon Canadian Layoff Plans, Threatens Asset Sale

Canada formally demanded that Cleveland-Cliffs abandon plans to lay off Canadian workers, warning that failure to comply could lead to a fine or forced sale of its Canadian assets.

CLF

By Paul VieiraOTTAWA--Canada's federal government formally demanded on Thursday that steel maker Cleveland-Cliffs abandon plans to lay off Canadian workers, adding that failure to comply could lead to a fine or a forced sale of the company's Canadian assets.Canadian Industry Minister Melanie Joly s…