Bitcoin

The USMCA renewal is a long-term macro tailwind for risk assets if it reduces geopolitical uncertainty. For crypto, Canada's role as a mining hub (hydro power) and its progressive regulatory stance (e.g., Bitcoin ETFs) could see indirect benefits from sustained trade certainty, encouraging capital inflows into North American digital asset infrastructure.

Canada formally requests a 16-year renewal of the USMCA trade deal via a letter from Trade Minister Dominic LeBlanc.