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Magna International Inc
Symbol MG
Shares Issued 309,580,909
Close 2019-10-02 C$ 67.38
Recent Sedar Documents

FP says Magna, others see Trump woes threaten new NAFTA

2019-10-03 09:36 ET - In the News

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The Financial Post reports in its Thursday, Oct. 3, edition that the U.S. Chamber of Commerce has made an urgent plea to policymakers to ratify the revamped North American free-trade agreement. The Post's Naomi Powell writes that Chamber vice-president Neil Bradley said on a call with journalists; "We believe we're in this critical moment. Our conversations with both Democrats and Republicans on Capitol Hill and our conversations with the administration lead us to believe that we are close to a final agreement between House Democrats and the administration on a bill that can be voted on." The call came hours after the Institute for Supply Management said its manufacturing index fell to 47.8 per cent in September -- the lowest level since the 2009 recession and its second month below the 50 per cent threshold indicative of growth. Asked if the Democrats' impeachment inquiry focused on President Donald Trump would derail the trade deal process, Mr. Bradley insisted "elected officials can walk and chew gum at the same time." That, however, does not mean House Speaker Nancy Pelosi will take the political gamble of putting the hard won pact forward for a vote by the Democrat controlled Congress.

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