14:23:32 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 358,395,997
Close 2018-04-09 C$ 74.78
Market Cap C$ 26,800,852,656
Recent Sedar Documents

Globe says Magna, others hear NAFTA talks progressing

2018-04-09 08:13 ET - In the News

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The Globe and Mail reports in its Saturday edition that after months of tense negotiations, there is optimism that Canada, the United States and Mexico appear headed toward a preliminary deal on the North American free-trade agreement. The Globe's Tamsin McMahon writes that top trade officials met last week in Washington to discuss several key issues ahead of the Summit of the Americas in Peru. "We'll have something, I think, fairly soon," President Donald Trump said on Thursday. Yet, a final deal, if it comes, could take months. Mr. Trump, who has repeatedly promised to walk away from anything he considers to be a bad deal, recently threatened once more to tear up NAFTA unless he receives support for a border wall with Mexico. For the communities that line the California-Mexico border, Mr. Trump's protectionist agenda and his pledge to seal the border have been an unwelcome spotlight. Free trade and mass migration from Mexico have dramatically reshaped the state's border regions. However, many people there say the reality of life at the border is far removed from the vision of economic and social destruction. A future without NAFTA is a large concern for the communities along the border with Mexico.

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