For those waiting patiently for the USMCA termination announcement, this is a potential indication and/or signal of pendency.
When President Trump and USTR Jamieson Greer send the official notification, a six-month countdown clock begins running. As of right now there are no official statements that indicate the likely triggering, it’s a guess. However, there are datapoints aligning in that direction.
No one outside our assembly has contemplated the termination of the USMCA (CUSMA) or what would occur in the aftermath; however, the Bank of Canada has gamed out the financial consequences, briefly in their forward guidance. The ramifications are significant, perhaps more significant than any other global trade announcement.
[…] “it more likely that a new shock or a combination of shocks could cause several vulnerabilities to crystalize at once. If this were to happen, these vulnerabilities could interact and reinforce each other.
A cascading series of events could cause a sharp loss of investor confidence and lead to a spike in demand for liquidity or rapid asset sales. Funding markets could come under pressure, and stress could spread more broadly.” [SOURCE]
I suggest we keep a close eye on all U.S-Mexico discussions, as well as geopolitical leverage points that might surface in the U.S-Mexico relationship. My best guess is that once the U.S. and Mexico come to renewed terms on the ‘USMCA’ as a potential bilateral free trade agreement, that will be the moment when the planets are aligned for the termination notification.
The financial markets in Canada are tied directly to the independent strength of the Canadian economy. Which is to say, the financial system in Canada is dependent on historic ties to the United States. Pull out all of the dependencies within the economy, a result of a fracturing of the “geopolitical relationship,” and suddenly the Bank of Canada faces a “cascading series of events” they have not previously had to entertain.
A significant number of multinational corporations within Canada are geographically centered due to American proximity and the dependency that has historically been considered a partnership. That relationship has now changed, and despite Mark Carney saying that Canada can be stronger standing alone, there is no economic model for Canada to retain its wealth position without the inherent subsidy that proximity to America provides.
There is no ‘partnership’ with Europe and/or China, or a combination of partnerships, that can replace the one-way nature of the subsidies from the U.S. economy that Canada enjoys.
If the Canadian people, workers and companies therein, have to rely on their own domestic economic activity to fund their GDP, their lifestyle will have to modify in very significant ways.
Now, I want you to think about the Bank of Canada’s previous statement against the backdrop of this announcement yesterday:
The Dutch central bank (DNB) has transferred approximately 86 metric tons of gold out of the U.S. and Canada to the U.K., seeking to shore up its contingency planning in view of “increasing geopolitical unrest.”
Just over one-quarter of the central bank’s gold reserves held in New York and Ottawa had been shifted to London between March and August, DNB said Wednesday. [SOURCE]
Prepare your affairs accordingly.
https://www.theglobeandmail.com/business/article-invest-canada-2026-summit-mark-carney-attendance-stephen-harper
Perhaps president Trump is waiting to see what happens at this “first ever” globalist meeting in Toronto in a couple of weeks in order to see what deals are made and with which country. One of the head organizers for this summit resigned last week https://www.theglobeandmail.com/business/article-head-of-federal-agency-organizing-carneys-investment-summit-resigns
The plot thickens!
Wait… Trump said there was a deal, Canada said no, and then Carney said Canada was attacked? But saying no to a deal is not being attacked. That’s not what those words mean.
Manufactured victimhood
“I suggest we keep a close eye on all U.S-Mexico discussions, as well as geopolitical leverage points that might surface in the U.S-Mexico relationship.”
Thanks for reminding everyone about the M in USMCA.
“My best guess is that once the U.S. and Mexico come to renewed terms on the ‘USMCA’ as a potential bilateral free trade agreement,”……
With a strong bilateral agreement with Mexico, and a separate strong bilateral agreement with Canada, all three nations stand to prosper. It would be nice if Canadian government officials could pull their heads out of the snowbank long enough to understand this. The only one left out in the cold would be China, so we best keep an eye on them and what moves they are making.
The official notification of the US terminating the USMCA might get their heads out of the snowbank.
They have six months after notification to at least come to an interim agreement.
Lutnick said they worked six weeks on the most recent interim agreement that would have been implemented had Carney not Kiboshed it.
I assume that would be the starting point for any interim deal negotiations.
A lot can be accomplished in six months But it depends on whether Carney puts Canada before his globalist masters. I kind of think he ‘ll do as he’s told. If he does that then the sh*t will hit the fan for Canada.
Hurry up and kickstart the end of this USMCA program.. Maybe we can convince the left they can help Canada by moving there and sharing their ideas of…. Well whatever ideas they may have to to shore up the Canadian economy..
Rye whiskey, rye whiskey I cried.
I can’t get rye whiskey cause Canada just died.
Pray for 47’s safety…
I was out and about yesterday…. and for the first time in a long time I ran into an English Couple in America. They told me they are here for 6 months and then spend the other 6 in England…. I also ran into 4 random men that sounded like Iranians at the same place. A lot of weird stuff going on recently…. and this was in a major metro area ran by a Democrat close to Marc Elias.
As Captain Jean-Luc Picard was known to have said, “Make It So.”
Hard ball always wins. America’s interests only come first if you are a rational, law abiding patriot. Canada needs to take of itself. Obviously, their leaders want to destroy their own country. So be it. President Trump, please announce the damn withdrawal.
It seems assisted suicide may be on the rise in Canada. That’s so sad.
There are Constitutional laws that can be used against politicians who work with foreign governments attempting to damage or destroy the United States Of America.
Many politicians and past presidents deserve the label and
The strict penalties
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Just this morning I was checking out this video by Elie Cantin-Nantel where he compared prices of various grocery items between Canada and the US.
Groceries were cheaper in Canada, when all considered. However, the shocker was how much more Canadians had to pay for their nationally protected industry products of dairy and poultry. The higher cost in Canada was significant (in some cases double).
Around 10:54 of his video (
he discussed how Canadians are getting ripped off by their government in two main ways.
1. Canada’s supply management system which protects dairy and poultry, keeps prices artificially and significantly higher than should be.
2. The political destruction of Canada’s middle class. Canada is no longer a wealthy nation (the value of the Canadian dollar has declined by 30%). So prices are lower, but it is a poor nation by prior comparison. He summarizes that Canadian people are being ripped off by the political class.
I found the article he referred to in his video:
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JAY GOLDBERG: Supply management should go – and not just for the sake of trade talks
Excerpt:
Supply management is a complex web of government-imposed regulations, import restrictions, and production quotas that limits the amount of dairy, eggs, and poultry in Canada. Because supply is limited, prices are kept artificially high.
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And then there’s the issue of affordability. Canada’s food inflation continues to lead the G7. This is a fact repeatedly pointed to by the Opposition Conservatives. This year, the average family of four will pay $1,000 more for groceries than last. The Carney government admits food prices are too high. Yet no one (including the Tories) will talk about the elephant in the room: supply management.
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Supply management also doesn’t make sense in the Canadian context because it’s only done in a very select sector. Dairy, eggs, and poultry are supply managed, but we don’t do this for beef, grain, vegetables, or fruits, among others.
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The bottom line is scrapping supply management simply makes sense. For the sake of 10,000 dairy farmers, Canadians have been overpaying for dairy, eggs, and poultry for decades.
https://calgarysun.com/opinion/columnists/jay-goldberg-supply-management-should-go-and-not-just-for-the-sake-of-trade-talks
We need to create a template form out of our declaration of independence and out constitution and have Canadians, UKians, Australians and Europians (Yes intentionally misspelled for comic/self-entertainment purposes) DO this and shut up. Their problems are coming from their own country.