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CUSMA Review 2026: What Happens on July 1 — and What It Means for Your Wallet

The trade deal that governs nearly $1.3 trillion in Canada-U.S. commerce is up for review in less than a week. Here's what's at stake for Canadian families — and how to protect your budget whatever happens next. By MoneySavings.ca Staff  |   June 25, 2026 Canada Day is almost here — and this year, July 1 carries a lot more weight than fireworks and barbecues. On that same date, Canada, the United States, and Mexico are required to sit down for the first mandatory review of the Canada–United States–Mexico Agreement , known in Canada as CUSMA (and in the U.S. as the USMCA). The outcome of these talks will help shape the price of your groceries, your next car payment, Canadian jobs, and the overall cost of living for years to come. If you've heard the buzz but aren't sure what it all means for your household budget, you're in the right place. Here's your plain-language breakdown. What Is CUSMA — and Why Should You Care? CUSMA replaced the old NAFTA deal in 2020 an...
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Canada’s Job Market Remains Steady in December 2023



Canada’s economy added just 100 jobs in December and the unemployment rate held steady at 5.8 per cent, according to Statistics Canada. Employment growth slowed in the second half of 2023, averaging 23,000 per month, compared with the first six months of 2023, when it averaged 48,000 per month. At the same time, average hourly wages increased 5.4 per cent year-over-year, following a rise of 4.8 per cent in November.

Canada’s job market remained steady in December 2023, with the economy adding just 100 jobs and the unemployment rate holding steady at 5.8 per cent, according to Statistics Canada. The data agency said that employment was virtually unchanged from November, following an increase of 25,000 jobs the previous month. Employment growth slowed in the second half of 2023, averaging 23,000 per month, compared with the first six months of 2023, when it averaged 48,000 per month. At the same time, average hourly wages increased 5.4 per cent year-over-year, following a rise of 4.8 per cent in November. This is a significant increase in wages, which could help to offset the slower employment growth in the second half of the year.


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