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Economics18h 40m ago
Canadian officials have not produced analyses outlining what would happen to the economy should the Trump administration either decline to renew or terminate the existing U.S.-Mexico-Canada agreement.
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Ottawa, Canada, Europe
Who
Canadian officials, Trump administration, President Trump, Adam Taylor, Serge Dupont, Dominic LeBlanc, Mark Carney, Bank of Nova Scotia
What
Canadian officials have not produced analyses outlining what would happen to the economy should the Trump administration either decline to renew or terminate the existing U.S.-Mexico-Canada agreement.
When
Thu, 18 Jun 2026 16:36:45 GMT · 18h 40m ago
Where
Ottawa, Canada, Europe ·
Why
On Wednesday, President Trump mused about terminating the existing trade pact between the U.S., Mexico and Canada, known as USMCA.
The Frontline Impact
How this affects you
A complete breakdown in trade talks could lead to a peak-to-trough drop in Canada's gross domestic product of nearly 2%, or roughly $47 billion, and prompt the central bank to cut interest rates by a half-percentage point, according to a Bank of Nova Scotia report.
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