19:17:04 EDT Thu 25 Apr 2024
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Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,450,950
Close 2018-10-05 C$ 16.67
Market Cap C$ 1,507,817,337
Recent Sedar Documents

Globe says Magna, others hear trade in awkward spot

2018-10-09 08:31 ET - In the News

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

The Globe and Mail reports in its Monday, Oct. 8, edition that for both Canada and Mexico, the relationship with the United States outweighs their relationship with each other. The Globe's Campbell Clark writes that President Donald Trump clearly does not see North America as a trade bloc. The recent negotiations for the rebranded United States-Mexico-Canada Agreement ended with the United States dealing with Canada and Mexico separately. Mexico's ambassador to Canada, Dionisio Perez-Jacome Friscione, is keen to emphasize it all worked out and insisted that throughout the negotiations Mexico wanted a trilateral deal and kept in close touch to Canada. However, there were bruises. In the summer, the Mexicans agreed to bilateral negotiations with the U.S., excluding Canada. In August, Mexico signed a bilateral agreement-in-principle that dealt with some trilateral issues, too. That left Canada on its own to try to wheedle out further concessions from the Americans. "In the end, working together was useful, but only up to a point," says Derek Burney. He notes that countries have interests, not friends. Mr. Burney says there are no bad feelings with Mexico, but nothing "warm and fuzzy either."

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