Canada has decided to cease legal action against US Steel after the corporation agreed to continue its Canadian operations at least until 2015, Postmedia reported. This development came about after the Supreme Court rejected an appeal by the company, effectively ending its efforts to cancel heavy fines the government was seeking to collect. The government had been suing US Steel over pledges it says were broken during after the acquisition of Hamilton-based Stelco Inc. in 2007.
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