CFIB Urges Ottawa to Prioritize Small Business in CUSMA Renegotiations
Event summary
- CFIB calls for protecting and simplifying CUSMA exemptions as top priority in ongoing negotiations.
- 64% of small businesses prefer taking time to secure favorable CUSMA terms over a quick agreement.
- 75% of SMEs report strained U.S. business relationships due to tariff fights, up from 49% in March 2025.
- Nearly half (48%) of SMEs trading with the U.S. have shifted to non-U.S. suppliers or customers.
The big picture
The ongoing CUSMA renegotiations come amid heightened trade tensions and uncertainty for Canadian SMEs, with many shifting suppliers due to strained U.S. relationships. CFIB's push highlights the critical need for clear, accessible trade agreements that support small business growth and investment decisions. The outcome will influence Canada's economic ties with its largest trading partner and the resilience of its small business sector.
What we're watching
- Negotiation Outcomes
- Whether Ottawa can secure a CUSMA deal that addresses small business pain points, including streamlined customs rules and clearer rules of origin.
- Trade Diversification
- The pace at which Canadian SMEs pivot to domestic or alternative markets like Asia and the EU amid U.S. trade tensions.
- Policy Influence
- How effectively CFIB can ensure small business voices are included in CUSMA negotiations to shape favorable terms.