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Magna International Inc
Symbol MG
Shares Issued 272,224,550
Close 2026-06-18 C$ 92.34
Market Cap C$ 25,137,214,947
Recent Sedar+ Documents

Globe says Magna told bridge part of extortion play

2026-06-19 07:51 ET - In the News

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

The Globe and Mail reports in its Friday edition that the Gordie Howe International Bridge between Windsor and Detroit was meant to be a symbol of cross-border friendship. A Globe editorial says that now, with the Trump government indefinitely delaying its opening, the bridge has become a symbol of the broken U.S.-Canada relationship. The bridge dispute is a taste of what's to come as talks escalate ahead of the July 1 review date for the USMCA trade deal. Ambassador Bridge's owner, the Moroun family, big donors to President Donald Trump's re-election, wants to limit the new bridge, which has cheaper tolls and improved highway access, from cutting into their revenues. Every day that the Gordie Howe bridge remains closed, their company retains a stranglehold on the border crossing, raking in tolls. It is appalling that one special interest is able to stall a project that would bring benefits to so many. It is especially galling considering that Canada paid the entire $6.4-billion bill for the bridge after Michigan refused to chip in following the Morouns' lobbying. The Morouns are, however, not the only players here. The White House is using the bridge as a bargaining chip to extract concessions from Canada on trade.

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