18:12:12 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 382,256,855
Close 2017-02-27 C$ 57.18
Market Cap C$ 21,857,446,969
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Globe says Martinrea chairman praises NAFTA tact

2017-02-28 08:30 ET - In the News

See In the News (C-MRE) Martinrea International Inc

The Globe and Mail reports in its Tuesday edition that Canada's automotive-parts makers say the federal government is doing the right things so far as it gears up for negotiations with the United States and Mexico on a new North American free-trade agreement. The Globe's Greg Keenan writes that Ottawa -- and major players in the industry -- are in the midst of gathering facts about the impact a new NAFTA deal, border taxes or tariffs on vehicles would have on the auto sector and that should continue, executives said after a roundtable discussion in Toronto on Monday with Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland. "The meetings [Mr. Trudeau] had with the President and the meetings at all levels of the organization are absolutely the right ones [with] the right tone," says Martinrea International chairman Rob Wildeboer. "I'm highly confident we're going to get the right results." Discussions on the auto industry will be a critical part of any NAFTA renegotiation -– in part because three-way free trade in vehicles and parts underpins the entire industry in North America. The sector appears to be at the top of President Donald Trump's hit list.

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