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Linamar Corp
Symbol LNR
Shares Issued 59,213,688
Close 2026-06-25 C$ 100.19
Market Cap C$ 5,932,619,401
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Globe says Magna hears trade deal could happen fast

2026-06-26 06:44 ET - In the News

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

The Globe and Mail reports in its Friday edition that Prime Minister Mark Carney pushed back on comments from U.S. Ambassador Pete Hoekstra, who recently said Ottawa and Washington are nowhere close to a deal to renew the United States-Mexico-Canada Agreement. The Globe's Steven Chase writes that the PM said it's not that simple, and that a window for a deal can open quickly under President Donald Trump. The USMCA is approaching a July 1 mandatory review date. All three countries, however, expect negotiations to continue past July 1. Ambassador Hoekstra's negative comments aside, Mr. Carney said on Thursday that progress on deals with Mr. Trump are hard to gauge. "What I have seen with the President is that you're not close to making a deal -- and then you make a deal," Mr. Carney said. "So, both things can be true." Mr. Carney added this means Canada must be ready to cut a deal, with all the advance work done, if an opportunity arises. Mr. Hoekstra said he believed the next steps toward a trade deal should be at the presidential and prime ministerial level. Mr. Carney said he agreed that "ultimately a breakthrough" in talks would be at this level. He cautioned, however, that Canada will not sign just any deal.

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