When it comes to the $500 million in loan guarantees the federal and Ontario governments gave to Algoma Steel in September, we now know they treated taxpayers who were financing them like mushrooms.
That is, they kept them in the dark and covered them with manure.
These announcements made no mention of the fact Prime Minister Mark Carney and Ontario Premier Doug Ford knew when they issued the loans – $400 million from the feds, $100 million from the province – that Algoma Steel was going to go ahead with major layoffs regardless of this financial support.
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That only came out last week, when Algoma, after announcing it was laying off 1,000 workers at its steel plant in Sault Ste. Marie, revealed both levels of government knew in

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