Back to today’s briefing

Story perspectives

CUSMA Collapse Could Cut 316,000 Jobs, Trillions in GDP

8/12/2026

50 8 Full Breakdown

Summary

Story summary

Oxford Economics says a CUSMA collapse could cut 214,000 U.S. and 102,000 Canadian jobs by 2035.
The collapse would shave $1.04 trillion from U.S. GDP and $271 billion Cdn from Canadian GDP by 2035.
50 percent tariffs effective August 19 would hit central-Canada manufacturers—especially cement, concrete and paper producers—hardest.
Dominic LeBlanc and Jamieson Greer met June 2, 2026, to seek a deal before the tariff deadline.

1 of 1

Story summary

Oxford Economics says a CUSMA collapse could cut 214,000 U.S. and 102,000 Canadian jobs by 2035.
The collapse would shave $1.04 trillion from U.S. GDP and $271 billion Cdn from Canadian GDP by 2035.
50 percent tariffs effective August 19 would hit central-Canada manufacturers—especially cement, concrete and paper producers—hardest.
Dominic LeBlanc and Jamieson Greer met June 2, 2026, to seek a deal before the tariff deadline.