22:23:15 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 373,119,677
Close 2017-07-17 C$ 60.48
Market Cap C$ 22,566,278,065
Recent Sedar Documents

FP/CP say Canfor, others hear tough NAFTA talks ahead

2017-07-18 08:39 ET - In the News

See In the News (C-CFP) Canfor Corp

The Financial Post reports in its Tuesday edition that the Trump administration has released its goals for a new North American free-trade agreement in mostly vague language that offers just enough specific clues to point to potentially tough negotiations ahead. A Canadian Press dispatch to the Post reports that the U.S. says it wants more exports of its dairy products, wine and grains; freer trade in telecommunications and on-line purchases; new rules on currency manipulation; an overhaul of the dispute-settlement system; and more access for U.S. banks abroad. Rideau Potomac trade expert Eric Miller, who advises Ottawa did not flinch when asked what this means for NAFTA talks, which are slated to start next month: "Longer, rather than shorter. It will be pretty intense and hard-fought. Don't expect it to be finished in less than eight months. And expect Canada to have to fight hard for issues it cares about." The 16-page list contains elements that might appear contradictory or confusing. It says the U.S. will demand more opportunities for American suppliers for government procurement abroad. However, in the next breath, it insists on preserving "Buy American" rules that limit such rights for foreigners.

© 2024 Canjex Publishing Ltd. All rights reserved.