OTTAWA – Canada could lose 102,000 jobs if the Canada-U.S.-Mexico agreement on trade breaks down, a new report warns.
The report, prepared for the Canadian American Business Council by Oxford Economics, studied the potential economic consequences of CUSMA negotiations, including termination of the deal.
The report says the United States would lose 214,000 jobs in 2027 if CUSMA died.
Tick, tick, tick. That’s the sound of the timer counting down to Aug. 19, the date on which U.S. President Donald Trump’s 50 per cent tariffs on Canada will kick in. Or not. Already one former Trump advisor is predicting that Trump will TACO (Trump always chickens out), but in the unpredictable world we live in, there’s no guarantee.
Canada-U.S. Trade Minister Dominic LeBlanc and his American counterpart are aiming to present U.S. President Donald Trump a path to a potential trade deal as early as Monday, CBC News has learned.
Sources who were recently briefed on the matter say the hope is the joint proposal can be presented to Trump at least a day before the president’s latest tariff deadline.
First do no harm.
That’s not an easy ask of anyone trying to defend their country’s interests in a negotiation with U.S. President Donald Trump. Not when he’s wielding the world’s biggest economy as a weapon, and seems less interested in strengthening it than in harming others.
The federal government is pumping $100 million into Canada’s steel industry with a new program that will pay for half the costs of transporting Canadian-made steel by ship or by rail within the country.
Transport Minister Steven MacKinnon made the announcement Monday in Hamilton, where he said the Commodities Sectoral Support Program is a direct response to U.S. tariffs being slapped on Canadian goods.
The U.S. currently has imposed anywhere from 10 to 50 per cent tariffs on Canadian steel, aluminum and copper, and derivative products.
Mark Carney has always faced a conundrum when it comes to making a trade deal with Donald Trump. There’s pressure to get a deal, but it would require concessions that come at a political cost.
Now that squeeze is even tighter. At a critical time.
Canada and the United States are talking about a deal again, after a long period when there weren’t really any serious negotiations going on.
Fighting mood? For what exactly?
The Liberal’s ruinous reign of harm?
The good old days were in fact very very bad days for Canadians starting with Trudeau.
WASHINGTON, D.C. — Many Canadian exporters who have traded duty-free under the Canada-United States-Mexico Agreement are facing the threat of 50 per cent duties on their goods under Section 338 tariffs, which Washington is set to impose on hundreds of products starting August 19.
These firms may also need to increase their customs-bond coverage, which guarantees payment of duties and fees if an importer defaults, as higher tariffs increase the U.S. government’s exposure.
OTTAWA — Canadian dairy farmers are warning against any concessions involving their sector as trade talks intensify with the United States ahead of President Donald Trump’s tariff deadline.
A new round of 50 per cent tariffs on a range of Canadian goods is set to take effect on Aug. 19. Unlike most of Trump’s other tariffs, these would have no exemptions for goods that comply with the Canada-U.S.-Mexico agreement on trade.
I wonder if Carney will throw the Cartel under the bus or surrender on some less politically contentious issue in a trade off?
OTTAWA — Conservative Leader Pierre Poilievre is asking the prime minister to not concede to U.S. President Donald Trump’s demands during trade negotiations.
Poilievre says in a letter to Mark Carney that Ottawa has given in to several of Trump’s demands in the last year, including getting rid of the digital service tax and removing counter-tariffs on the United States.
Prime Minister, time for results on trade:
Zero tariffs on lumber, steel, aluminum, and autos.
You promised it. Now deliver. pic.twitter.com/GjULOizfkq
— Pierre Poilievre (@PierrePoilievre) August 9, 2026
As U.S. President Donald Trump’s Aug. 19 deadline approaches, Prime Minister Mark Carney is making concessions to keep looming tariffs at bay. This could prove to be a defining moment in deciding the fate of the United States-Mexico-Canada Agreement, for the choices are stark: appeasement or defiance, with little room for maneuver in between.
The Globe and Mail has reported that a deal may be in the making in which the U.S. lowers – but does not remove – duties on steel and aluminum and perhaps autos and forest products. In exchange, Canada would remove retaliatory tariffs on autos and take action on other U.S. irritants such as alcohol and dairy.
OTTAWA — The day after extensive trade talks between Canada and U.S. officials in Washington, D.C., details are emerging of where the give and take may be in ongoing negotiations.
Multiple industry sources tell CTV News they are cautiously optimistic that progress is being made toward a comprehensive bilateral agreement outside of the U.S. and Canada’s formal trilateral deal with Mexico.
But, they’re also warning against expectations that a deal will be made by a looming Aug. 19 deadline.
The Canadian government is preparing to meet some U.S. demands — including ending bans on American alcohol sales — as trade talks heat up ahead of the latest tariff deadline, according to sources.
U.S. President Donald Trump has threatened a new 50 per cent levy on hundreds of Canadian imports by Aug. 19, citing complaints about provincial booze bans, dairy import quotas and the auto tariffs.
The Canadian side is willing to offer movement on those concerns, according to industry sources with knowledge of the negotiations. The Globe and Mail first reported on possible concessions.
Here’s the Original Globe Story – Ottawa discussing trade concessions with the U.S. in return for some tariff relief, sources say
Canada and the U.S. are discussing a prospective deal in which Ottawa would agree to a long list of Trump administration trade demands in exchange for some relief on sectoral tariffs, as talks intensify ahead of another round of threatened American levies.
According to three industry sources with knowledge of the negotiations, the two sides have discussed in-depth proposals and traded written bargaining positions, but an agreement has not yet been reached. The Globe and Mail granted the sources anonymity because they were not authorized to discuss the talks.
This ought to fun … agreeing to Washington’s interpretation of how dairy quotas should be allocated.
Prime Minister Mark Carney is warning that Canada will get tougher with the United States if there is no agreement to avoid President Donald Trump’s latest threatened tariffs, which are scheduled to take effect this month.
Canada’s goal, Mr. Carney says, is to get all of Mr. Trump’s sectoral tariffs, including those on autos, dealt with.
Canada’s top trade officials are headed back to the negotiating table Thursday, a day after U.S. President Donald Trump extolled his tariff regime and lobbed insults against Canada.
Canada-U.S. Trade Minister Dominic LeBlanc and Chief Trade Negotiator Janice Charette plan to meet U.S. Trade Representative Jamieson Greer in Washington today at 1 p.m. ET, less than 24 hours after Trump leered at Canada’s “nasty” leadership.
“I love tariffs, right? Because we’ve been screwed by tariffs used against us for years. By China, by Japan, by South Korea, by Germany, by everybody, by Canada,” he said to jeers from the crowd at the Red Rock Casino.
“Canada’s nasty. They are, they’re nasty,” President Trump said at an event in Las Vegas on Wednesday while criticizing U.S. allies over their use of tariffs against the United States.
“I love the people, but they’re nasty, nasty leadership,” Trump said of America’s northern… pic.twitter.com/AjH9FQtioc
— CBS News (@CBSNews) August 5, 2026
OTTAWA – Canadian sentiment against buying American alcohol is higher than a year ago, with new polling done by Nanos exclusively for CTV News showing just under three-quarters of Canadians, or 74 per cent, are not likely to buy the products if they are put back on the shelves.
Human nature suggests otherwise.
