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Stock impact report

TSX Keeps on Climbing After Trump Says He'll End Trade Talks [Yahoo! Finance Canada]

Magna International, Inc. (MGA) 
Last magna international, inc. earnings: 2/21 05:00 am Check Earnings Report
US:NYSE Investor Relations: magna.com/investors
The TSX Composite Index continued to climb 0.59% on Friday, growing 1.6% since Tuesday. TSX kept climbing even after U.S. president Donald Trump took to social media, writing in all caps, “ALL TRADE NEGOTIATIONS WITH CANADA ARE HEREBY TERMINATED.” His reaction comes as Ontario premier Doug Ford ran an advertisement on major U.S. channels featuring former president Ronald Reagan speaking negatively about tariffs. Why isn't the TSX reacting to Trump's threats? There are three reasons for the TSX not to react. Firstly, the advertisement comes days before the upcoming Supreme Court case about the legality of Trump's “reciprocal” tariffs. Trump accused Canada of interfering with the case, rattling already icy relations between Ottawa and Washington. If the Supreme Court rules reciprocal tariffs illegal, Canada stands to gain. Secondly, the U.S. government has entered its fourth week of shutdown, making it the second-longest shutdown after December 2018. For Trump to make any decis Show less Read more
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