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The CUSMA Countdown: 24 Days to a Trade Deadline That Could Hit Your Wallet

Canada's free trade deal with the U.S. hits a mandatory review milestone on July 1. With negotiations unresolved and Washington demanding changes, here's what it actually means for your groceries, your car, and your job. MoneySavings.ca Staff Canadian Money Brief June 7, 2026 5 min read What Is CUSMA and Why Does July 1 Matter? CUSMA — the Canada-United States-Mexico Agreement — is the trade deal that keeps the North American economy humming. It replaced NAFTA in 2020 and governs the movement of trillions of dollars in goods and services across the Canada-U.S. border every year. For Canadian consumers, it's largely invisible — until it isn't. Built into the agreement is a mandatory six-year joint review, and that clock expires on July 1, 2026 . By that date, all three countries must declare whether they want to renew the deal for another 16 years, trigger annual reviews, or walk away. Whatever they decide, CUSMA technically stays in force until 2036 — but the path chose...
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Canada’s Economy Shows Signs of Growth in August After Flat July



According to Statistics Canada, the Canadian economy experienced stagnation in July, with a zero percent growth rate. The service sector expanded slightly, while goods-producing industries shrank. Economists had anticipated a slight expansion of about 0.1 percent. However, the manufacturing sector contracted by 1.5 percent, marking its largest decline in over two years.

In August, the Canadian economy showed signs of growth. Real gross domestic product (GDP) rose by 1.2 percent, marking the fourth consecutive month of growth following the steepest drops on record in March and April due to pandemic lockdowns. Although August’s figure was lower than July’s 3.1 percent expansion, it still indicates a positive trend in economic recovery.

Please note that these figures are subject to change as new data becomes available.

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