07:48:04 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 382,552,522
Close 2017-02-09 C$ 56.80
Market Cap C$ 21,728,983,250
Recent Sedar Documents

Globe says Magna, others hear PM to meet Trump Monday

2017-02-10 06:49 ET - In the News

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The Globe and Mail reports in its Friday edition that Prime Minister Justin Trudeau will travel to Washington on Monday to hold talks with President Donald Trump. The Globe's Robert Fife writes that the challenge for Mr. Trudeau is to paper over his differences with Mr. Trump, and find common ground on economic and national security issues. Top of the agenda will be trade relations, particularly the President's plans to renegotiate the NAFTA agreement. Another item on Canada's radar is a U.S. proposal to impose a "border-adjustment tax" on foreign imports. The President does not yet have his trade team in place. Canadian government sources have said Ottawa is trying to pre-emptively reinforce for Americans how beneficial its trading ties with Canada are before Mr. Trump gets down to the NAFTA talks. "In any trade relationship, there is a possibility of improvement so we are not of the view that we shouldn't relook at NAFTA or any trade relations to see if there are ways we can improve it," Finance Minister Bill Morneau said Thursday. Mr. Morneau said it was too early to get into specifics on what might be up for discussion in NAFTA, but he said Ottawa believes there are some areas for improvement.

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