21:56:15 EST Sun 07 Dec 2025
Enter Symbol
or Name
USA
CA



Martinrea International Inc
Symbol MRE
Shares Issued 72,787,848
Close 2025-08-22 C$ 9.33
Market Cap C$ 679,110,622
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Globe says Magna, rivals hear PM made right call

2025-08-25 07:19 ET - In the News

See In the News (C-MG) Magna International Inc

The Globe and Mail reports in its Monday, Aug. 25, edition that Prime Minister Mark Carney made the right call by announcing the removal of some Canadian tariffs on U.S. products, prioritizing long-term national interests over short-term domestic politics. The Globe's guest columnist Goldy Hyder writes that Canada needed to signal its intent to preserve the USMCA. By easing countermeasures against the U.S. "fentanyl tariffs," the PM demonstrated a commitment to avoiding a return to protectionism. To ensure the USMCA's success in 2026 and its extension beyond 2036, Canadians must support the federal government's decision to drop the retaliatory tariffs on USMCA-compliant goods. When the Canadian government introduced countertariffs, it assumed other G7 countries would retaliate against U.S. tariffs. However, Canada was the only G7 nation to impose such tariffs, alongside China, and it remains the only G7 country without a negotiated framework deal for reducing U.S. tariffs. Canadians may feel frustrated that other countries did not follow our lead, but that moment has passed. Canada played its cards while others folded, leaving just us and the U.S. in the game with a short stack.

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