05:45:35 EDT Fri 19 Apr 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 GM, others hear Cdn officials know U.S. best

2017-04-06 08:34 ET - In the News

See In the News (C-GMM) General Motors Company

The Globe and Mail reports in its Thursday, April 6, edition that the Canadian government's strategy to lobby politicians in key U.S. states to spare Canada from potential protectionist trade measures is well developed and, so far, well executed, says trade lawyer Lawrence Herman. The Globe's Steven Chase, Adrian Morrow and Greg Keenan write that Mr. Herman says, "The effort has been constructed and orchestrated as a bipartisan non-political effort." He says Canadian officials have shown that they understand the U.S. political system better than any other country and have put the resources in place to make sure the message is delivered. Mr. Herman says, "The House of Representatives and the Senate will respond to specific constituency interests and those interests hopefully will make the case for continuing with the important parts of the NAFTA untouched." Peterson Institute fellow Gary Hufbauer agrees that lobbying of U.S. governors and Washington representatives makes sense. The strategy, however, needs to include other actions, he cautions, such as emphasizing that the U.S. has a trade surplus with Canada when energy shipments are excluded from the calculation.

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