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Canada/U.S. border signage in downtown Detroit. (RiverNorthPhotography/Getty Images)
General, Markets, Reuters

U.S. Senate passes CUSMA trade deal

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Washington | Reuters — The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labour and automotive content but leaves US$1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. The legislation for the U.S.-Mexico-Canada Agreement (CUSMA) passed on an 89-10 bipartisan vote, sending the […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Hogs, Livestock

Amended CUSMA pact includes anti-COOL clause

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The new Canada-U.S.-Mexico Agreement (CUSMA), a free trade deal set to replace NAFTA, includes language meant to block any future bids at a trade-disrupting country-of-origin labeling (COOL) law. The new clause would, in theory, checkmate a move made last summer by some Democrat members of the U.S. House of Representatives to have a new North […] Read more
(Eyfoto/iStock/Getty Images)
General, Markets, Reuters

U.S. House passes CUSMA

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Washington | Reuters — The U.S. House of Representatives on Thursday backed a new trade agreement with neighbouring Mexico and Canada in a 385-41 bipartisan vote, sending the NAFTA replacement measure to the Senate for consideration early in 2020. Democrats, who control the House, approved the United States-Mexico-Canada Agreement (CUSMA) more than a year after […] Read more
File photo of Bloc Quebecois leader Yves-Francois Blanchet in Montreal on Oct. 22, 2019. (Photo: Reuters/Andrej Ivanov)
General, Markets, Reuters

Opposition MPs could delay CUSMA deal’s ratification

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Ottawa | Reuters — Canada’s two main opposition parties on Wednesday suggested they could move to delay ratification of a new continental trade pact, accusing the Liberal government of botching revisions to the treaty. Such a move would embarrass Prime Minister Justin Trudeau, who has vowed that Parliament will quickly approve the U.S.-Mexico-Canada Agreement (CUSMA). […] Read more
(Medioimages/Photodisc/Getty Images)
Crops, Reuters

CBOT weekly outlook: Impeachment process stifles markets

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MarketsFarm — U.S. President Donald Trump’s impeachment hearings have dominated headlines and stalled progress in numerous trade developments, leaving the Chicago Board of Trade (CBOT) starved of meaningful news. The Canada-U.S.-Mexico Agreement (CUSMA) has yet to be ratified by the U.S. House of Representatives. The trade pact, meant to replace the North American Free Trade […] Read more
(Zoran Zeremski/iStock/Getty Images)
Crops, Markets, Spring Wheat, Winter Wheat

USMCA ratification bill amends Canada Grain Act

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U.S. complaints that Canada discriminates against its wheat will be addressed, if Canadian legislation to ratify the updated North American Free Trade Agreement becomes law. Bill C-100, the implementing legislation for the United States-Mexico-Canada Agreement (USMCA), received first and second reading in the House of Commons May 29 and last Tuesday (June 11) respectively. It […] Read more

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