Canada’s Joly Threatens to Force Cleveland-Cliffs Asset Sale

(Bloomberg) -- Canada’s industry minister said the government has the power to try to force Cleveland-Cliffs Inc. to sell its assets the country, escalating a dispute over job cuts at the company’s steel operations in Ontario. Speaking to reporters in Ottawa on Wednesday, Mélanie Joly said Canada’s main investment law allows the government to take a number of actions against the steel company, including financial penalties or “forcing them to sell their Canadian assets. Everything is on the table.”Shares of…