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Canada could lose 100K jobs with U.S. losing 200K if CUSMA dies: report
['Stars', 'Jonathan Simpson', 'Katie Hartley', 'Elizabeth Carmen', 'Uday Rana', 'Global News']
That means the trade deal must be reviewed annually, adding to the volatility and economic uncertainty facing businesses.
A lot is riding on the deal being renewed, a new report by the Canadian American Business Council warns.
Story continues below advertisement“Successful renegotiation of USMCA would create an additional 137,000 American jobs and 98,000 Canadian jobs in 2027 relative to the status quo,” the report reads.
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Businesses on both sides of the border are looking for predictability, said Beth Burke, CEO of the Canadian American Business Council.