Government action urged.

• Position: Algoma Steel Inc. - Brief Article

An Ontario judge urged the provincial and federal governments to taken more active role in the restructuring efforts at debt-ridden Algoma Steel (ASI). In granting the Sault Ste. Marie steel company a third extension under the Companies' Creditors Arrangement Act to buy more time to restructure its debt repayments, Justice James Farley warned of the dire consequences to the city should the company collapse. As the Sault's largest employer, Farley says the company's failure would spark massive financial obligations for the two...