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Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,450,950
Close 2018-10-01 C$ 16.49
Market Cap C$ 1,491,536,166
Recent Sedar Documents

Globe says Magna, others await Trump's hollow boasts

2018-10-02 07:53 ET - In the News

See In the News (C-MG) Magna International Inc

The Globe and Mail reports in its Tuesday, Oct. 2, edition that Canada's negotiators have restored a modicum of certainty to Canada's trade-dependent economy. A Globe editorial says for the moment, a storm has passed. The Globe says Canada has concluded an unnecessary and absurdly belligerent negotiation that was provoked by Donald Trump and impelled by a collection of outright lies about NAFTA that the U.S. President repeated ad nauseum. The United States-Mexico-Canada Agreement (USMCA) deal was reached at the 11th hour of a deadline that had political implications for Mr. Trump. Canada did well to hold out until Sept. 30. It took nerve but, by doing so, it won key concessions, such as the preservation of the dispute-resolution mechanism in Chapter 19 of NAFTA, protections for cultural industries and protection against tariffs on auto exports, as well as the right to export even more cars to the U.S. Canada's chief concession was giving greater access to our dairy, poultry and egg markets. Mr. Trump can now boast that he stuck it to nasty old Canada and its high dairy tariffs. Canada held its ground in a thankless role. The Globe, however, warns, Season 2 could start any minute.

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