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5 Things to Know Today: July 2, 2026 — CUSMA Non-Renewal, First CGEB Payment & More

  Your quick morning rundown on the money news that matters to Canadians. 1. The U.S. won't renew CUSMA "in its current form" Washington confirmed on July 1 that it will not agree to extend the Canada-U.S.-Mexico Agreement (CUSMA) as written, after the three countries held their first mandatory joint review of the deal. U.S. Trade Representative Jamieson Greer said the agreement "is not renewed" for now, though it stays in force until 2036 and will instead move to a rolling annual review process. Canada's Dominic LeBlanc says Ottawa still wants CUSMA renewed and extended, with talks continuing on outstanding sectoral tariffs affecting steel, aluminum, autos, and lumber. For now, day-to-day trade rules haven't changed, but the uncertainty is expected to weigh on business investment and could resurface as a headwind for the loonie in the months ahead. 2. First Canada Groceries and Essentials Benefit payment lands tomorrow If you're eligible, keep an ey...
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Navigating Divorce: The Power of Pre-Nuptial Agreements

 

When it comes to marriage, love and commitment are often at the forefront of our minds. But what about practical considerations? What happens when love fades, and the practicalities of dividing assets and responsibilities come into play? That’s where pre-nuptial agreements (pre-nups) step in.

The ideal outcome with a pre-nup is that you never need to use it. However, life is unpredictable, and there are countless scenarios where having a pre-nup would’ve been helpful. Even for younger couples who may not have significant assets yet, there are compelling reasons to consider one.

Pre-nups aren’t just about safeguarding existing assets. They can also protect what you accumulate during the marriage. Imagine a scenario where one partner inherits a substantial sum from their parents and invests it in the matrimonial home. Without a pre-nup, that windfall could become a point of contention during a divorce. By addressing these financial aspects upfront, couples can avoid messy disputes later on.

Having children significantly impacts a marriage. Whether it’s one parent becoming a stay-at-home caregiver or dealing with daycare costs while both work, children change everything. Pre-nups can provide predictability in divorce proceedings, especially when it comes to spousal support. Sacrifices made for child-rearing should be acknowledged and protected.

Pre-nups can also address growth on assets, whether it’s property or investment accounts. Consider a home brought into the marriage. If the marriage lasts a decade, the property’s value likely appreciates significantly. Without a provision in the pre-nup, an ex-spouse could claim half of that increase. Protecting growth ensures fairness and clarity.

Pre-nups aren’t about planning for failure; they’re about planning for a successful marriage. By addressing financial matters upfront, couples can navigate divorce more smoothly if it ever becomes necessary. So, before you say “I do,” consider the practical side of love and explore the power of pre-nuptial agreements.


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