United States-Mexico-Canada Agreement (USMCA)
As you know, over the last few months, the Canadian Construction Association (CCA) has made its voice heard about the necessity for the federal government to attract and maintain investment in Canada. CCA is somewhat satisfied that Canada has reached a tentative trade agreement with the United States and Mexico.
The new agreement, to be known as United States-Mexico-Canada Agreement (USMCA), will take effect in late 2019 or 2020. The agreement follows extensive negotiations to revise the North American Free Trade Agreement (NAFTA). Now that Canada has agreed to sign the USMCA, the agreement will need to be approved by the Parliament.
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