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Magna International Inc
Symbol MG
Shares Issued 370,430,596
Close 2017-08-31 C$ 60.09
Market Cap C$ 22,259,174,514
Recent Sedar Documents

Globe says GM, others hear PM, Trump on same timeline

2017-09-01 07:01 ET - In the News

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

The Globe and Mail reports in its Friday edition that Prime Minister Justin Trudeau has told U.S. President Donald Trump he wants to finish the renegotiation of the North American free-trade agreement by the end of 2017, putting Canada on the same page as the United States on the timeline for talks. The Globe's Adrian Morrow writes that the two leaders spoke by telephone on Thursday, on the eve of the second round of NAFTA talks, which begin on Friday in Mexico City. The call came after a week of repeated threats from Mr. Trump to pull out of the deal. A White House summary of the call said Mr. Trump and Mr. Trudeau "stressed their hope to reach an agreement by the end of this year" on NAFTA. Both the U.S. and Mexico are eager to reach a quick deal on NAFTA, but Canada has so far been ambivalent. Two unnamed officials said the prevailing view in Ottawa is that if the negotiation drags on a long time and the result is that nothing changes in NAFTA, this would be a good result for Canada. One official, however, said there is a minority view that it would be good to finish negotiations quickly simply to have them out of the way. Mr. Trump wants the negotiations done fast to fulfill a key election promise.

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