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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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Gaza Ceasefire Talks End with No Breakthrough Ahead of Ramadan

 

Ceasefire negotiations between Hamas and mediators concluded in Cairo without any significant progress. With just days remaining before the start of Ramadan, the urgency to halt the fighting in the Gaza Strip remains critical.

During the two-day talks, Hamas presented its proposal for a ceasefire agreement, but the Israeli delegation chose to stay away from this round. Senior Hamas official Bassem Naim expressed frustration, stating, “Prime Minister Benjamin Netanyahu doesn’t want to reach an agreement, and the ball now is in the Americans’ court” to press for a deal.

Israel has not officially commented on the Cairo talks. However, their stance remains firm: they demand that Hamas provide a list of 40 elderly, sick, and female hostages who would be the first to be released as part of an initial six-week truce. Meanwhile, Hamas insists on allowing large-scale humanitarian aid into Gaza and facilitating the return of Palestinians displaced from their homes in the northern part of the coastal strip.

As the Muslim holy month of Ramadan approaches, the situation remains precarious. The informal deadline for a deal looms, and the fate of civilians caught in the conflict hangs in the balance. While the world watches, the hope is that diplomatic efforts will yield results and prevent further suffering.


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