12:37:36 EDT Thu 16 Oct 2025
Enter Symbol
or Name
USA
CA



Magna International Inc
Symbol MG
Shares Issued 281,814,257
Close 2025-10-14 C$ 63.14
Market Cap C$ 17,793,752,187
Recent Sedar Documents

FP/wire say Magna, others hear Joly to fight for jobs

2025-10-15 09:37 ET - In the News

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

The Financial Post reports in its Wednesday edition that the Canadian economy relies heavily on the United States, according to Industry Minister Melanie Joly, who aims to protect jobs in the automotive sector. A Bloomberg dispatch to the Post reports that Ms. Joly says Ottawa is developing a new industrial strategy to open markets for exporters and focus on domestic procurement, addressing U.S. tariffs that affect steel, aluminum, forestry and automotive industries. Ms. Joly attended meetings at the White House on Oct. 7 between Prime Minister Mark Carney and President Donald Trump. The meeting produced no lowering of tariffs, but Ms. Joly says, "Negotiations are going ahead in the right direction." On Oct. 8, Commerce Secretary Howard Lutnick said the U.S. administration does not want to see auto manufacturing in Canada. Mr. Carney says U.S. carmakers actually need a trade deal across North America to be globally competitive. Ms. Joly says the government "will fight for every single job in the auto sector. These are our jobs, these are our people and we will make sure we stand with them."

© 2025 Canjex Publishing Ltd. All rights reserved.