A trade expert is warning that the Canada-United States-Mexico Agreement (CUSMA) could face years of uncertainty, potentially becoming a 'zombie' trade deal. Joy Nott, partner on trade and customs at KPMG, shared her insights on BNN Bloomberg regarding the current state of CUSMA and ongoing Canada-U.S. trade talks.
Nott emphasized that the agreement, which replaced NAFTA, is at risk of stagnation due to unresolved disputes and lack of clear direction. She noted that businesses are already feeling the impact, with investment decisions being delayed as companies wait for more predictable trade policies.
The warning comes amid a series of other significant news stories, including a 46-year-old man wanted in connection with the deaths of his elderly parents in Mississauga, a judge's ruling in Frank Stronach's sexual assault trial, and Canada's historic 6-0 FIFA World Cup win over Qatar.
In other developments, the Alberta government expects $100 payouts to arrive within two weeks of applications, and the province is moving ahead with a dual practice medical model for several surgeries. Meanwhile, Montreal's murder clearance rate remains above average, and an intoxicated man stole a Montreal police car, leading to a chase through the South Shore.
Emotions ran high for a Nova Scotia murder victim's mother after a convicted man won an appeal, and a New Brunswick man accused of killing boys told his trial he doesn't remember the morning of the murders. A dedicated claims centre is ready to tackle 22,000 storm-related claims, and a Winnipeg councillor is calling for an urgent meeting to discuss the drug crisis.
In sports, Wyndham Clark seized on the changing nature of Shinnecock to lead the U.S. Open, while Messi's father is reportedly 'going through a health situation.' A Canadian fighter was defeated by a U.S. opponent at Trump's UFC birthday event.
On the entertainment front, Richard Crouse reviewed 'Toy Story 5' as a film for the whole family that brims with heart and humour. The Obama Center's opening drew former U.S. presidents, Justin Trudeau, and A-list celebrities. Iconic Twin Cities rapper Eyedea finds new life with an AI-generated album.
In lifestyle news, learn how to rent an RV and plan your cross-country road trip or staycation. Ancient Sherwood Forest oak tree reputed to have sheltered Robin Hood has died, and an archaeology team unearthed a 'prototype' of the world-famous Stonehenge monument just a few miles away.
Climate and environment stories include the U.S. National Science Foundation reversing its decision to dismantle an oceans-monitoring network after outcry, and how Benjamin Franklin's ideas have helped scientists understand climate change. Tropical Cyclone Arthur weakened to a low pressure area along the upper Texas coast.
In science and technology, the oldest-known plague outbreak came 5,500 years ago in Siberia, and the sunken wreck of a WWII 'hell ship' used to transport POWs was discovered after more than 80 years. The Milky Way's black hole is eerily quiet, and scientists have found evidence of its missing wind.
