05:24:00 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 384,409,283
Close 2016-11-29 C$ 54.67
Market Cap C$ 21,015,655,502
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FP says Trump could be good for Magna International

2016-11-29 07:46 ET - In the News

The Financial Post reports in its Tuesday, Nov. 29, edition that RBC Capital Markets analyst Matthew Barasch says Magna International is in a good spot to benefit from Donald Trump's presidency. The Post's Armina Ligaya writes that Mr. Barasch says Canadian companies stand to benefit in two ways. Mr. Barasch says, "One, the direct impacts from lower corporate taxes and fewer regulations and two, the impact of stronger U.S. growth and the flow through to Canada both through better domestic growth and some of the knock-on impacts." He says, "The offset to this is trade and the potential barriers that president-elect Trump might erect." Magna could be impacted by Mr. Trump's plan to dismantle the North American free-trade agreement, but Mr. Barasch says its shares are already priced near a worst-case scenario. He says, "Add to this the potential that a stronger U.S. economy leads to increased auto demand and while trade risks remain, the rewards far outweigh the risks in our view."

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