World April 21, 2026 10:01 AM

Carney forms expanded Canada-U.S. economic advisory committee ahead of USMCA review

24-member panel to meet April 27 as Canada, U.S. and Mexico prepare for USMCA review by July 1

By Maya Rios
Carney forms expanded Canada-U.S. economic advisory committee ahead of USMCA review

Prime Minister Mark Carney has announced a newly expanded 24-member advisory committee on Canada-United States economic relations, retaining just four members from the previous council. Chaired by Minister Dominic LeBlanc, the group will convene for the first time on April 27 as the USMCA - known in Canada as CUSMA - approaches a review deadline of July 1. Officials and industry leaders are seeking clarity and potential extension of the deal, citing its role in shielding Canada from U.S. tariffs and supporting trade flows that account for nearly 70% of Canadian exports to the United States.

Key Points

  • A 24-member Canada-U.S. economic advisory committee has been created and will be chaired by Dominic LeBlanc; it meets for the first time on April 27 - impacts trade and policy sectors.
  • USMCA (CUSMA in Canada) is scheduled for review by July 1 and is credited with shielding Canada from U.S. tariffs; this affects exporters and manufacturing sectors given that nearly 70% of Canadian exports go to the U.S.
  • Business leaders and industry groups are lobbying for an extension of the USMCA as uncertainty around the deal has dampened investment and hiring - relevant to manufacturing, automotive, and broader corporate investment decisions.

Canada’s Prime Minister Mark Carney on Tuesday unveiled an expanded advisory body to guide economic relations with the United States, keeping only four individuals from the council established under former Prime Minister Justin Trudeau. The new 24-member committee will be led by Dominic LeBlanc, the minister tasked with overseeing trade with the United States, the prime minister’s office said.

The advisory group is scheduled to hold its inaugural meeting on April 27. Its creation comes as Canada, the United States and Mexico prepare to review the United States-Mexico-Canada Agreement (USMCA) - referred to in Canada as CUSMA - which is due for a formal review by July 1.

Officials and economists have pointed to the USMCA as a critical buffer for Canada against the effects of tariffs imposed by President Donald Trump. According to the information released with the announcement, Canada sends nearly 70% of its total exports to the United States. As much as 85% of goods moving to the U.S. are exempt from tariffs under the trade framework, a protection economists say helped Canada avoid slipping into a recession.

Business and industry groups are pressing the government for an extension of the agreement. The statement noted that uncertainty over the deal’s future has weakened investment and slowed hiring, prompting calls from private-sector leaders for policy stability.

Only four members from the previous advisory council were retained. Among those who remain on the new committee are Flavio Volpe, president of the Automotive Parts Manufacturers’ Association; Lana Payne, president of Unifor; Tabatha Bull, chief executive officer of the Canadian Council for Indigenous Business; and Jean Charest, a former deputy prime minister.

The announcement also listed several other high-profile appointees: Erin O’Toole, former federal Conservative leader; Candace Laing, chief executive officer of the Canadian Chamber of Commerce; and Dennis Darby, president of Canadian Manufacturers and Exporters.


Context on trade and the committee

The committee’s formation and the timing of its first meeting are directly connected to the approaching USMCA review window. With a significant share of Canadian exports destined for the U.S. and a large portion of those shipments protected from tariffs, the advisory panel’s remit will likely focus on maintaining cross-border trade continuity while addressing business concerns about investment and hiring amid uncertainty.

Next steps

The advisory committee will convene on April 27; further meetings and specific recommendations were not detailed in the announcement.

Risks

  • Uncertainty over the future of the USMCA could continue to suppress investment and hiring - a risk to manufacturing and export-oriented sectors.
  • If the trade framework’s protections change or are not extended, exporters that rely on tariff exemptions could face higher costs and market disruption - a risk to trade-dependent parts of the economy.

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