{"id":614094,"date":"2026-09-04T09:36:29","date_gmt":"2026-09-04T09:36:29","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/614094\/"},"modified":"2026-09-04T09:36:29","modified_gmt":"2026-09-04T09:36:29","slug":"canada-could-lose-163000-jobs-a-year-if-us-withdraws-from-cusma-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/614094\/","title":{"rendered":"Canada could lose 163,000 jobs a year if US withdraws from CUSMA: report"},"content":{"rendered":"

Oil and gas, previously shielded by CUSMA exemptions, would also face the existing US 10% global tariff under this scenario, with oil and natural gas exports to the US falling 11% and 30% respectively, Deloitte’s modelling shows. The authors project a net loss of 0.4% in real GDP for oil and 0.9% for natural gas by 2036.<\/p>\n

Earlier, the Canadian American Business Council (CABC) noted that Canada could lose 102,000 jobs in 2027 alone in case of a total CUSMA breakdown<\/a>.\u00a0<\/p>\n

Comparing Canadian and US\u00a0side effects<\/p>\n

Deloitte’s authors note that Canada’s exports to the US would be expected to fall about 21% by 2036 under the downside scenario, but total global exports would fall only about half as much, roughly 10.5%, as displaced Canadian products find new buyers domestically and abroad.<\/p>\n

That gap exists partly because US protectionism would raise American production costs, the report states, allowing a “more competitive Canada” to capture some of the US’s global market share for certain products. The US currently accounts for approximately 70% of Canadian exports, a concentration the authors describe as a continuing vulnerability.<\/p>\n

In Deloitte’s alternative “accelerated diversification” scenario, US tariffs hold at baseline levels while Canada expands trade deals elsewhere. That scenario shows Canadian real GDP growing 0.6% by 2036, adding $141 billion in cumulative GDP and about 53,000 jobs a year \u2014 roughly one-third of the jobs at risk under the withdrawal scenario.<\/p>\n","protected":false},"excerpt":{"rendered":"Oil and gas, previously shielded by CUSMA exemptions, would also face the existing US 10% global tariff under…\n","protected":false},"author":2,"featured_media":614095,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[72,289,63340,113,61,60,15271],"class_list":["post-614094","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-canada","tag-cusma","tag-economy","tag-ie","tag-ireland","tag-united-states-us"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/614094","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=614094"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/614094\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/614095"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=614094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=614094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=614094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}