Toronto-based company Martinrea, which has productions in the U.S., said it was only marginally affected by steel and aluminum tariffs, and they will soon be exempt from paying them. Wildeboer said Martinrea is set to benefit from the increased North American content requirements on autos in the new trade agreement. The company earned a record $36.4 million in the third quarter despite modest tariff effects and foreign exchange losses. Martinrea was expected to earn 45 cents per share on $856.2 million in revenues, according to analysts polled by Thomson Reuters Eikon. Total sales grew 1.5 per cent to $851.1 million, from $838.5 million.

Source: thestar November 09, 2018 23:15 UTC