04:06:10 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 380,265,511
Close 2017-05-11 C$ 61.17
Market Cap C$ 23,260,841,308
Recent Sedar Documents

Globe/CP say Linamar, others hear Trump targets NAFTA

2017-05-12 07:05 ET - In the News

See In the News (C-LNR) Linamar Corp

The Globe and Mail reports in its Friday, May 12, edition that President Donald Trump says he is set to start a major renegotiation of the North American free-trade agreement now that his trade czar, Robert Lightizer, is poised to achieve a confirmation by the U.S. Senate next week. A Canadian Press dispatch to The Globe reports that Mr. Trump says he intends to file a 90-day notice with Congress, work with it on negotiating priorities, and start talks with Canada and Mexico later this year. The administration has begun signalling that it wants significant changes in a range of areas, including dairy, lumber, automobiles, pharmaceuticals and the dispute-resolution system. Mr. Trump says he is looking for a "massive" renegotiation. "President Trump is eager for some wins. Canada can help provide him with one, while also advancing its own interests," Maryscott Greenwood of the Canadian-American Business Council wrote in a Policy Options article. "The Canadian government could present the United States with a proposal for aligning a particular set of regulations. This would represent a bilateral victory for what is at the moment a U.S.-only effort to cut regulatory red tape."

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