06:54:58 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 384,409,283
Close 2016-11-18 C$ 54.83
Market Cap C$ 21,077,160,987
Recent Sedar Documents

Globe says Trump win good for TransCanada, not others

2016-11-21 07:56 ET - In the News

See In the News (C-TRP) TransCanada Corp

The Globe and Mail reports in its Monday edition that president-elect Donald Trump's election is good news for the Canadian energy sector. The Globe's Barry Campbell writes that Mr. Trump was vocal about his support for TransCanada's Keystone XL pipeline. He also spoke about making the United States "energy independent," hopefully referring to decreasing oil imports from the Middle East. A North American energy security initiative might benefit Canada, but the Canadian government's energy policy does not exactly dovetail with Mr. Trump's. The North American automobile-manufacturing sector is fully integrated and has been since the days of the Auto Pact, which preceded the free-trade agreement. Canada's auto manufacturers and the auto-parts sector will need to carefully monitor and engage Canadian and U.S. officials to prevent the great unravelling. Softwood lumber exports have been a trade irritant between Canada and the United States for decades. These exports are currently the subject of negotiations after the expiry of the most recent Canada-U.S. softwood lumber agreement. U.S. willingness to enter into new sectoral trade agreements will be impacted by Mr. Trump's presidency.

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