19:47:12 EDT Fri 09 May 2025
Enter Symbol
or Name
USA
CA



Martinrea International Inc
Symbol MRE
Shares Issued 72,787,848
Close 2025-03-26 C$ 7.70
Market Cap C$ 560,466,430
Recent Sedar Documents

FP/wire say Magna, rivals hear Carney offer help

2025-03-27 09:35 ET - In the News

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

The Financial Post reports in its Thursday, March 27, edition that Liberal Leader Mark Carney pledged a $2-billion "strategic response fund" to support Canadian auto manufacturing and strengthen the supply chain amid U.S. tariffs. A Bloomberg dispatch to the Post reports that Mr. Carney aims to create an "all-in-Canada" network for auto parts, reducing reliance on cross-border production, though details were scarce. Mr. Carney highlighted that auto parts cross the border six times on average before assembly, making this system vulnerable during trade disputes. His announcement comes as U.S. President Donald Trump plans to introduce automobile tariffs, posing a significant threat to Canada's vehicle supply chain. Mr. Carney pledged to boost Canada's steel, aluminum and critical minerals sectors with government funding for transportation networks linking extraction sites to rail and roads. He proposed a "one project, one review" system to expedite environmental assessments. A Liberal government would also prioritize Canadian vehicles in procurement to support the domestic auto industry and create more union jobs. In response to Mr. Trump's tariffs, urgency has grown in Canada to find new export markets.

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