17:12:42 EDT Thu 04 Jun 2020
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Magna International Inc
Symbol MG
Shares Issued 309,580,909
Close 2019-10-09 C$ 66.43
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Globe/NYT say Magna, others hear USMCA looking good

2019-10-10 07:49 ET - In the News

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The Globe and Mail reports in its Thursday, Oct. 10, edition that the escalating impeachment drama between Congress and the White House has enhanced the prospects for approval of the United States-Mexico-Canada Agreement. A New York Times dispatch to The Globe reports that substantial progress has been made in resolving the remaining sticking points over the pact, and that a decisive House vote on the accord to replace the North American free-trade agreement could occur before Congress departs for Thanksgiving. The deal may be a rare bright spot in an otherwise dysfunctional dynamic that has taken hold in the capital, and it owes its progress to a coincidence of timing, productive negotiations that have unfolded behind closed doors for months and political necessity for two parties. "We are on a path to 'yes,'" House Speaker Nancy Pelosi told reporters last week in one of the strongest signals yet that she would put the full weight of her leadership behind passage of the USMCA. For U.S. President Donald Trump and Republicans, the agreement is a major priority that could bolster U.S. businesses and help struggling farmers, while showing voters that they have been good stewards of the economy.

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