19:17:21 EDT Fri 09 May 2025
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or Name
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CA



Martinrea International Inc
Symbol MRE
Shares Issued 72,787,848
Close 2025-04-04 C$ 6.77
Market Cap C$ 492,773,731
Recent Sedar Documents

Globe says Magna, rivals see premiers support Carney

2025-04-04 08:31 ET - In the News

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

The Globe and Mail reports in its Friday edition that the premiers of Canada's major provinces are supporting Prime Minister Mark Carney's decision to match U.S. auto tariffs with similar levies on American cars while urging for expedited trade talks. A triple-bylined item led by Jeff Gray writes that provincial leaders held a call with Mr. Carney before he announced his response to President Trump's tariffs on Canadian cars. Ontario Premier Doug Ford indicated that Mr. Carney's move has widespread backing among premiers, despite some recent divisions on how to respond. Ontario, with its auto and steelmaking industries, faces among the worse effects from U.S. tariffs. The PM also said his government was developing a system to offer relief from the tariffs to U.S. automakers that maintain their existing manufacturing in Canada. Most of Canada's automobile sector is located in Ontario, but Quebec also hosts a stable of parts makers. B.C. Premier David Eby credited Mr. Carney with "shifting the tone with the President," but added the shift cannot be trusted, given Mr. Trump's unpredictability. In Montreal, Quebec Premier Francois Legault said he was "very comfortable" with the federal government's countermeasures.

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