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Magna International Inc
Symbol MG
Shares Issued 309,580,909
Close 2019-10-11 C$ 68.46
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Globe/wire say Magna, rivals hear call to ratify USMCA

2019-10-15 07:28 ET - In the News

Also In the News (C-LNR) Linamar Corp
Also In the News (C-MRE) Martinrea International Inc

The Globe and Mail reports in its Monday, Oct. 14, edition that Mexico's President said Sunday he would send a letter to U.S. congressional Democrats vowing to implement a recent labour law, in a bid to assuage their concerns over worker rights and expedite ratification of the United States Mexico-Canada Agreement (USMCA). A Reuters dispatch to The Globe reports that President Andres Manuel Lopez Obrador, speaking in a video posted on Twitter, called for the deal to be ratified as soon as possible and not be "contaminated" by the U.S. election cycle. The leader of a U.S. congressional delegation to Mexico said last week Mexico must take more concrete steps to implement its labour reform. Although Mexico's Congress has already approved the deal, it also needs ratification from U.S. and Canadian lawmakers.

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