A new economic study predicts uneven sectoral damage across Canada if the US exits the trade agreement, recommending accelerated domestic and international trade diversification.
A new report from the Canadian American Business Council warns that a failure to renegotiate a North American trade deal (CUSMA) could result in widespread economic impacts, including the loss of hundreds of thousands of jobs and trillions of dollars across Canada and the US.
Weeks after the American administration declined to extend the Canada-U.S.-Mexico Agreement (CUSMA), a U.S. trade envoy stated that Canada does not 'get credit' for rolling back trade irritants, signaling little progress in negotiations between the two countries.
The Trump administration has confirmed it will not join Canada and Mexico in extending the CUSMA free trade deal, leaving the future of the agreement uncertain.
Dominic LeBlanc, Canada's Minister of Public Safety, is set to hold the first trilateral call with his U.S. and Mexico counterparts as the July 1 deadline for CUSMA renewal approaches.
Donald Trump is facing accusations of intentionally keeping a Canada-U.S. bridge closed to benefit a billionaire donor, as part of a broader news roundup.
Canadian, Mexican, and American officials are set to hold their first trilateral meeting on July 1 to review the North American trade deal, as confirmed by a Mexican government official.
Former President Donald Trump announced that Iran has agreed to never acquire nuclear weapons and that a deal is 'all signed,' though specific details of the agreement remain unclear. This announcement has led to speculation about a potential $300 billion fund for Iran and a toll-free Hormuz Strait.
Former President Trump has threatened to seize full control of Iran's oil and gas facilities, specifically mentioning Kharg Island, as tensions escalate. This comes after the US warned Iran following overnight strikes, with the IRGC threatening to turn the region into 'hell'.
The White House has nominated new US ambassadors for several Balkan countries, including Michael Young for Serbia, and other candidates for Bosnia and Herzegovina and Montenegro. These nominations await confirmation to fill key diplomatic posts.
An opinion piece by John Ivison suggests that Pierre Poilievre may be shrewd in backing America's alliance, contrasting with Carney's embrace of Europe. The article considers that a more North American policy could gain favor with voters, especially if Canadian troops are involved in Latvia or if CUSMA is not renewed.
Quebec's emissary has warned that Ottawa's 'wait-and-see' strategy in the CUSMA review carries significant risks, stating that the uncertainty is already having real impacts.
Concerns are being raised that Canada's digital sovereignty could be significantly undermined during the upcoming CUSMA negotiations with Washington, with one expert claiming Canada was 'hijacked' in previous talks.
Iran has tightened its control over shipping in the Strait of Hormuz, stating it will not fully reopen the critical waterway while a US blockade remains in effect. This stance comes amidst ongoing US-Iran tensions, with experts warning of challenging months ahead as both sides test each other.
Amid uncertainty surrounding the future of free trade between Canada and the United States, discussions are emerging about whether Canada should grant stronger energy rights to the U.S. in a potential new CUSMA agreement. The debate explores how critical energy exports would fit into future trade relations.
A former lead negotiator stated that the mandatory annual review of the Canada-US-Mexico Agreement will not occur soon after bilateral trade discussions broke down, casting uncertainty over the pact's near-term future.
Donald Trump and Benjamin Netanyahu held a meeting described by Netanyahu as one of their best, amid reports of an Iranian threat and ongoing tensions. The discussion focused on regional security and the Iranian nuclear program.
Despite President Trump's critical remarks and insults during the NATO summit, leaders found much to agree on, reaffirming their commitment to collective defense. Behind closed doors, Trump reportedly conveyed a different message, while public statements from leaders emphasized unity and readiness to defend NATO territory.
The US Men's National Team advanced to the World Cup Round of 16 after defeating Bosnia-Herzegovina 2-0, but will be without Folarin Balogun due to a controversial red card and subsequent suspension. The team cannot appeal Balogun's suspension, impacting their upcoming match against Belgium.
Officials from the Canadian, U.S., and Mexican governments are scheduled to meet on Wednesday to discuss the future of the CUSMA trade agreement, marking a landmark meeting for the trilateral deal.
Mexican President Claudia Sheinbaum announced that Mexico and Canada have established a united front during ongoing negotiations concerning the future of the Canada-U.S.-Mexico Agreement (CUSMA).
The United States and Iran have signed a 14-point memorandum of understanding to end the war in the Middle East, with experts weighing in on the agreement and its implications. The deal includes a $300 billion reconstruction fund and has prompted calls for reduced oil prices.
As CUSMA talks approach, Ontario Premier Doug Ford appears to be moderating his previously aggressive anti-Trump rhetoric, signaling a potential shift in strategy for upcoming trade negotiations.
While some Canadian businesses have benefited from CUSMA by avoiding U.S. tariffs, many others face frustrations and challenges in complying with the agreement.
An opinion piece explores the major implications for Canada in the upcoming Michigan and Wisconsin primaries, noting that Republican candidates are remaining quiet about the impacts of trade and CUSMA.
A Washington correspondent suggests that Canada is now too late to prevent a potential rewrite or worse for CUSMA under a possible Trump administration.
Mark Carney is engaging in discussions regarding the CUSMA review with the Mexican president as official negotiations approach. He has also chosen YouTube as his platform for providing regular trade updates.
Prime Minister Mark Carney stated that trade talks with the Trump administration to renew CUSMA could take longer than expected, as Canada aims for a mutually beneficial agreement and insists Trump will not dictate terms.
Canada's chief trade negotiator stated that Canada expects reciprocity following concessions made to the U.S. under the CUSMA trade agreement. He also clarified that the July 1 review date for the deal is a "checkpoint" rather than a definitive deadline.
Conservative Leader Pierre Poilievre states that Canada should not hold an election before reviewing the Canada-U.S.-Mexico Agreement (CUSMA) this year, reiterating his proposal for an all-party committee on the matter.
President Trump has stated his intention to declare the Strait of Hormuz as US territory "pretty soon," a move that has drawn strong reactions from Iran. This declaration follows heightened tensions in the region and could significantly escalate the conflict.
An industry insider believes the United States will soon adopt a more favorable stance on the CUSMA trade agreement, signaling potential positive developments for US-Canada trade.
The U.S. envoy to Canada, Pete Hoekstra, stated that 14 months of trade negotiations between Canada and the Trump administration have yielded little progress, but insisted the U.S. will continue talks to reach a CUSMA agreement.
The CUSMA (USMCA) trade deal remains in place until 2036, even if the U.S. officially declares it does not want to extend it, clarifying its long-term implications for Canada, the U.S., and Mexico.
Businesses and labor groups are awaiting a crucial CUSMA (USMCA) trade checkpoint with a mix of anxiety and hope, as Premier Doug Ford embarks on his third trip to meet with U.S. lawmakers.
Abelardo de la Espriella, a right-wing populist candidate, has won the Colombian presidential election with record turnout. His victory marks a significant shift to the far-right for the country.
Detroit automakers and the Unifor union are set to commence bargaining negotiations, with Ford being the first in line, amidst discussions of tariffs and CUSMA review.
President Trump canceled a planned military strike on Iran, hours before it was to occur, and subsequently announced that a historic peace deal to end the war with Iran was close, possibly to be signed this weekend. Tehran, however, reacted cautiously, denying finality and outlining six key demands.
Canada is pushing for the renewal of the free trade agreement with the US and Mexico, while also confirming the purchase of 26 HIMARS rocket launchers from the US government. These developments occur amidst various other US-related news, including the testing of Elon Musk's Starshield in New Zealand and a US bill to prevent Chinese-connected cars from entering the country.
Sluggish trade negotiations between Canada and the U.S. are showing signs of progress as a key milestone approaches for the renewal of CUSMA, their trilateral trade agreement with Mexico.
Mark Carney has spoken out against U.S. trade irritants, intensifying the rhetoric surrounding the CUSMA agreement and sparking debate on Canada's trade policy with the United States.
A psychiatrist has issued a warning about the potential for 'suicide contagion' if Medical Assistance in Dying (MAID) is approved for individuals with mental illness in Canada. This concern highlights the complex ethical considerations surrounding MAID expansion.
Prime Minister Mark Carney has announced the members of his new advisory committee, which will focus on Canada-U.S. economic relations as the CUSMA review approaches.
Negotiations to rebalance the Canada-U.S.-Mexico Agreement (CUSMA/USMCA) are likely to continue past the initial July 1 deadline. U.S. Trade Representative Jamieson Greer confirmed the extension of talks.
U.S. President Donald Trump says his newest global tariffs will be 15 per cent — up from the 10 per cent he initially announced after the U.S. Supreme Court deemed many existing tariffs illegal. But exemptions for CUSMA-compliant goods from Canada and Mexico still apply.