July 2026 Economic Brief

On July 1, six years to the day since the Canada-United States-Mexico Agreement (CUSMA) replaced the North American Free Trade Agreement (NAFTA), American negotiators walked into trilateral talks and declined to extend the deal. For Regina, a city whose economy runs on commodities that flow south across the border every day, this was not an abstract diplomatic event. It was a flashing yellow light on a very long highway.