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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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How to Know If You’re Doing Well with Your Money: 7 Signs of Financial Wellness


Many people struggle with feeling confident about their financial situation, especially in times of uncertainty and stress. But how can you tell if you’re actually managing your money well, or if you need to make some changes?

Financial wellness is not just about how much you earn or how much you have in your bank account. It’s also about how you use your money, how you plan for the future, and how you cope with unexpected expenses.

According to Humphrey Yang, a former financial advisor and popular YouTuber, there are seven signs that indicate you’re financially healthy, even if you don’t feel like it. Here they are:

  • You don’t care about impressing others with your money. You don’t buy expensive things to show off your wealth or status. Instead, you focus on building wealth for yourself and achieving freedom and peace of mind.
  • You have an emergency fund. You have at least $2,000 saved for unexpected bills or emergencies, and ideally, you have three to six months of expenses in a high-yield savings account. This way, you can avoid going into debt or dipping into your long-term investments when something goes wrong.
  • You pay off your credit card balance every month. You use credit cards responsibly and pay off your balance in full every month. This means you don’t pay any interest or fees, and you improve your credit score. You also avoid spending more than you can afford and falling into a debt trap.
  • You have a budget and track your spending. You have a clear idea of how much money you make and how much money you spend. You have a budget that aligns with your goals and values, and you track your spending regularly. You know where your money is going and how to optimize it.
  • You save and invest for the future. You have a retirement plan and contribute to it regularly. You also have other savings and investment goals, such as buying a house, starting a business, or traveling the world. You have a diversified portfolio that suits your risk tolerance and time horizon.
  • You have insurance and estate planning. You protect yourself and your loved ones from financial risks and uncertainties. You have adequate insurance coverage for your health, life, property, and liability. You also have a will, a power of attorney, and a living trust to ensure your wishes are respected and your assets are distributed accordingly.
  • You have a positive and realistic attitude towards money. You don’t let money define your happiness or success. You don’t compare yourself to others or chase after money for its own sake. You also don’t stress over money or feel guilty about spending it. You have a healthy and balanced relationship with money that allows you to enjoy it and use it wisely.
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