The coming CUSMA squeeze and how security policy will rewrite the trade terms

Digital rules built around open cross-border data flows, limits on data localization requirements, and constraints on government leverage over proprietary software naturally reward the players already operating at scale across the border.

Industry Minister Mélanie Joly, left, and Canada-U.S. Trade Minister Dominic LeBlanc. As the world grows more dangerous and economic policy becomes security policy, Canada’s neglect of the intangible economy is colliding with the next CUSMA renegotiation, writes Keith Jansa.The Hill Times photograph by Andrew Meade

Opinion

BY KEITH JANSA

December 29, 2025

Fifteen years. One trillion dollars. That’s the cost of Canada’s inaction in the economy of intangibles. Since 2010, the United States economy is up roughl...

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