Here are the top 3 risks the Canadian economy faces in 2026

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“The way it is drafted now, these review provisions are designed to give every bit of leverage to the U.S.,” Lawrence Herman, an international trade lawyer and senior fellow at the C.D. Howe Institute, said. “There is no way the Americans are going to agree to CUSMA continuing into 2036, even with some improvements. The Trump administration has no use for broad-scope trade agreements like CUSMA.”