17:10:23 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 382,461,855
Close 2017-04-05 C$ 53.44
Market Cap C$ 20,438,761,531
Recent Sedar Documents

Globe says Magna, others see fed lobby key U.S. states

2017-04-06 08:00 ET - In the News

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The Globe and Mail reports in its Thursday edition that Ottawa is conducting a lobbying blitz of politicians in key U.S. states to help persuade the Trump administration to spare Canada from potential protectionist trade measures. The Globe's Steven Chase, Adrian Morrow and Greg Keenan write that at least one dozen cabinet ministers are travelling across the United States this spring in an effort likened to a political campaign, trying to remind lawmakers and U.S. media of how crucial trade with Canada is to their economic well-being. Canadian premiers are joining the effort. Prime Minister Justin Trudeau's government has selected 11 states in particular that will be the focus of this outreach. They include the most populous states: New York, California, Florida and Texas. The Trump administration has already signalled in a letter to Congress that it wants across-the-board changes that would tilt the rules of cross-border commerce more clearly in favour of U.S. business. The outreach by such cabinet members as Finance Minister Bill Morneau, Foreign Affairs Minister Chrystia Freeland and Natural Resources Minister Jim Carr is scheduled to continue until the second week of June.

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