Deloitte Warns of Economic Consequences of US Withdrawal from CUSMA

A new report by Deloitte Canada says that if the U.S. were to withdraw from the North American trade pact, it would leave a significant hole in Canada's economy. According to the report, boosting trade with a more diverse array of international partners would only partially plug this gap. The report warns that such a scenario could have severe economic consequences for Canada.

The report specifically highlights the importance of the U.S. market to Canada's economy, stating that withdrawing from CUSMA (the United States-Mexico-Canada Agreement) would significantly impact trade between the two countries.