17:14:16 EDT Tue 31 Mar 2026
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Martinrea International Inc
Symbol MRE
Shares Issued 72,009,150
Close 2026-03-30 C$ 9.11
Market Cap C$ 656,003,357
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Globe says Magna hears Mexico seen sticking with USMCA

2026-03-31 07:07 ET - In the News

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

The Globe and Mail reports in its Tuesday, March 31, edition that Canada-U.S. Trade Minister Dominic LeBlanc says he is confident Mexico will not leave the USMCA to sign a bilateral trade agreement with the United States. The Globe's Steven Chase writes that the U.S.-Mexico-Canada Agreement says all three countries are expected to meet this year and, by July 1, 2026, confirm in writing whether they plan to renew the pact -- which would extend the deal another 16 years. If all parties do not agree, a 10-year countdown begins to the deal's expiry, with annual reviews until 2036, and renewal remains possible. The signatories can also withdraw with six months notice. President Donald Trump's administration has signalled it wants to renegotiate parts of the deal. On Monday Mr. LeBlanc said he thinks Mexico will stick together with Canada on the deal, which also goes by the name Canada-United States-Mexico Agreement, or CUSMA. "Are we concerned that Mexico may sign an agreement that would exclude Canada in terms of a trilateral trade agreement like CUSMA? The answer is no," Mr. LeBlanc told reporters. Apart from USMCA talks, Canada is working to resolve U.S. tariffs on steel, aluminum and autos.

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