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North American trade agreement's uncertain future could hamper investment in country

Canadian companies say they might look elsewhere to expand if pact isn't reached
Canada is subject to steel and aluminum tariffs under the current trilateral trade agreement. (Ashley Hardman/CoStar)
Canada is subject to steel and aluminum tariffs under the current trilateral trade agreement. (Ashley Hardman/CoStar)
CoStar News
July 13, 2026 | 8:48 p.m.

The failure to renew North America’s trilateral trade agreement between Canada, the U.S. and Mexico this month could gradually erode business investment here and prompt some Canadian companies to expand in other countries.

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