Monday, March 12, 2018 1:04:26 PM
Shares Issued 26,426,141
Last Close 3/9/2018 $0.85
Monday March 12 2018 - In the News
The Globe and Mail reports in its Monday, March 12, edition that chief executive officer Linda Hasenfratz says President Donald Trump's tariffs on aluminum and steel will benefit the construction equipment business of Linamar, in a way that hurts the United States. The Globe's Greg Keenan writes that Linamar's Skyjack business uses Canadian steel, so it will have an advantage over U.S. rivals that will face price increases on U.S. steel as the tariff causes prices of domestic steel to rise also. Ms. Hasenfratz says: "What the President is doing is disadvantaging his own manufacturing companies. It's almost [incentivizing] you to manufacture outside of the U.S. and buy your raw materials outside of the U.S." The Washington-based Council on Foreign Relations' analysis of the tariffs show they will wipe out an estimated 40,000 auto industry jobs. Zekelman Industries CEO Barry Zekelman says those concerns are overblown and consumers can easily absorb the impact of higher steel prices. Low prices have "become like crack cocaine to them," he says. Canada should join hands with Mr. Trump, he says, by blocking cheap offshore imports so they do not find their way into the U.S. market.
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM
Kona Gold Beverages, Inc. Announces Name Change to NuVibe, Inc. and Initiation of Ticker Symbol Application Process • KGKG • Apr 25, 2024 8:30 AM
Axis Technologies Group and Carbonis Forge Ahead with New Digital Carbon Credit Technology • AXTG • Apr 24, 2024 3:00 AM
North Bay Resources Announces Successful Equipment Test at Bishop Gold Mill, Inyo County, California • NBRI • Apr 23, 2024 9:41 AM
Epazz, Inc.: CryObo, Inc. solar Bitcoin operations will issue tokens • EPAZ • Apr 23, 2024 9:20 AM