July 2026 Newsletter
John Ridd - Jul 01, 2026
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Market and Portfolio Update
We invite you to view our market and portfolio update for July 2026.
Monthly Feature
USMCA Review to Focus on Enforcement, Supply Chains and Security
When USMCA was first signed, it was hailed by some as the most consequential trade agreement on the planet. Nearly a decade later, that agreement faces its first major test as it enters its first major review. The process will be different than the original negotiation, but the stakes are high as tariffs and, supply-chain security have reshaped the way North America thinks about trade.
At the Conference of Montreal, the Honourable Scott Brison, BMO Vice-Chair and a former Member of Parliament, moderated a panel titled “USMCA at a crossroads: Building North America’s next competitive edge.” The session featured:
- Steve Verheul, Canadian Co-Chair of the Coalition for North American Trade
- Kevin Brady, U.S. Co-Chair of the Coalition for North American Trade
- Ken Smith Ramos, Mexican Co-Chair of the Coalition for North American Trade
The discussion with the co-chairs of the Coalition for North American Trade (CNAT) centered on what the review could mean for the three countries as trade, supply chains and national security become harder to separate.
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Warm regards,
