08:48:06 EDT Thu 23 Jul 2026
Enter Symbol
or Name
USA
CA



Martinrea International Inc
Symbol MRE
Shares Issued 69,974,759
Close 2026-07-22 C$ 10.08
Market Cap C$ 705,345,571
Recent Sedar+ Documents

Globe says Martinrea sees Ottawa bend to U.S. pressure

2026-07-23 07:38 ET - In the News

Also In the News (C-LNR) Linamar Corp
Also In the News (C-MG) Magna International Inc

The Globe and Mail reports in its Thursday edition that Canada has agreed to share half of the net revenues from the Gordie Howe bridge with the United States. The Globe's Marieke Walsh and Laura Stone write that this contradicts Prime Minister Mark Carney's earlier statements. Canada was to collect all tolls under a 2012 agreement with Michigan until costs were recouped. However, the Trump administration delayed the bridge's opening to negotiate concessions from Ottawa. While Mr. Carney downplayed the concessions, the full agreement was later released under pressure from the Conservatives. Under the new side deal, called the Gordie Howe International Bridge Proposed Agreement in Principle, Ottawa agreed to split equally with the U.S. "net bridge and crossing related revenues" for the first 15 years. The revenues will be divided between the two countries after operating costs are deducted. The money will be paid by Canada to an economic development fund "established and solely controlled" by the U.S. The deal does not include a clause that allows Canada to cover its debt-servicing costs for the bridge before splitting the revenues with the U.S. That runs counter to what the Prime Minister told CTV News on July 12.

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