The city announced that construction permits in Hamilton topped $1 billion for the fourth straight year. To the end of October the city reported sales of building permits for construction valued at more than $978.8 million. Another $21.2 million was added Nov. 9, bringing the annual total to just over $1 billion.
US Steel was back in court this week with a goal of determining the real value of the company. The US-based corporation argues its Canadian entity (US Steel Canada) owes it $2.2 billion. The company says figuring out the real valuation will help it restructure under creditor protection. It will also allow the steelmaker to present the value of its assets, including its land, to potential buyers.