17:47:34 EDT Sat 05 Jul 2025
Enter Symbol
or Name
USA
CA



TFI International Inc
Symbol TFII
Shares Issued 84,167,543
Close 2025-03-20 C$ 119.29
Market Cap C$ 10,040,346,204
Recent Sedar Documents

Globe says TFI Int'l a cautionary tale of a U.S. move

2025-03-21 08:15 ET - In the News

The Globe and Mail reports in its Friday edition that President Donald Trump's demands that companies move to the United States to avoid crushing tariffs is not shaping up the way he might have liked. The Globe's Tim Shufelt and Clare O'Hara write that corporate giants such as Brookfield Asset Management and Shopify have already either moved their headquarters to New York or opened an executive office there, while remaining incorporated in Canada. The reality: For many companies, redomiciling in the U.S. simply is not worth it, according to experts. Once companies dig into the details, they quickly learn the benefits often are not all that compelling, and the process of relocating can be both gruelling and expensive. To start, any perceived U.S. tax benefits usually are not that great -- and can even be punitive. There is also a strong risk of political backlash, something Quebec trucking giant TFI International faced hours after announcing it would move to the U.S. The anger was so acute that chief executive officer Alain Bédard backtracked within four days and chose to stay put. While listed companies get the chance to be included in a U.S. stock market index such as the S&P 500, nothing is guaranteed.

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