11:14:34 EDT Fri 12 Jun 2026
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or Name
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CA



Magna International Inc
Symbol MG
Shares Issued 272,224,550
Close 2026-06-11 C$ 91.66
Market Cap C$ 24,952,102,253
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Post says Martinrea hears Trump unsure of what he wants

2026-06-12 09:40 ET - In the News

See In the News (C-MRE) Martinrea International Inc

The Financial Post reports in its Friday edition that President Donald Trump has often claimed that the United States doesn't need anything from Canada, but U.S. ambassador Pete Hoekstra clarified that it means, "We're open to offers." The Post's Naimul Karim writes that on Wednesday, Mr. Trump said he would not renew the Canada-U.S.-Mexico Agreement, which protects many Canadian exports from U.S. tariffs. However, Mr. Hoekstra suggested Canada should view this positively. He said, "You maybe don't like the way the President says it, but what he's saying is, 'We're open to offers; make your case.'" Mr. Trump claims the U.S. doesn't need Canadian cars, and Mr. Hoekstra argues it can source them from Japan, Mexico and South Korea instead. "But if Canada puts on their sales hat, they can make a very, very compelling case that if America needs a single car coming into the United States from somewhere else in the world, the best place to get that car from is Canada." Some of those selling points could include the auto sector's integrated system, similar labour forces, similar working and environmental standards and pay scales, he said. Mr. Hoekstra also said the U.S. is waiting for Canada to respond in CUSMA negotiations.

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