US Exit from CUSMA Could Wipe 4% Off Canadian GDP

A recent study by Deloitte Canada warns that if the U.S. were to exit the United States-Mexico-Canada Agreement (CUSMA), it could have a significant negative impact on Canada's economy and GDP.

The study notes that CUSMA has been crucial for Canadian trade, particularly with its largest trading partner, the U.S. The agreement has facilitated billions of dollars in trade between the two countries each year.

Deloitte Canada estimates that a U.S. exit from CUSMA could lead to a decline in Canada's GDP by as much as 4% and result in significant job losses.