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
Recent Sedar Documents

NP says Magna, rivals see PM pivot on tariffs

2025-08-25 08:45 ET - In the News

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

The National Post reports in its Saturday, Aug. 23, edition that Prime Minister Mark Carney on Friday announced that Canada will remove retaliatory tariffs on U.S. goods under the existing trade agreement, excluding those on steel, aluminum and autos. The Post's Christopher Nardi writes that the Canadian Federation of Independent Business said Friday it welcomes the decision to drop some retaliatory tariffs on U.S. goods. The CFIB called it "a step in the right direction." The CFIB said support from small companies has been falling since February. Mr. Carney's pivot represents a significant shift from his earlier support for dollar-for-dollar tariffs during the Liberal leadership campaign. The announcement likely relieves business groups and economists who believe ex-prime minister Justin Trudeau's countertariffs were inflationary during a fragile economy. In June Bank of Canada Governor Tiff Macklem said that countertariffs "make U.S. imports more expensive and put upward pressure on inflation." A recent Leger-Postmedia poll found that 45 per cent of Canadians support imposing counter-tariffs on new U.S. border levies, despite the risk of retaliation from the Trump administration.

© 2025 Canjex Publishing Ltd. All rights reserved.