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CUSMA Wasn’t Renewed: The 10-Year Clock Now Running on Your Job, Prices and Savings

  Canadian Money Brief | Feature CUSMA Wasn't Renewed: The 10-Year Clock Now Running on Your Job, Prices and Savings By MoneySavings.ca | Published November 2, 2026 Quick quiz: is Canada's free trade deal with the United States still in place? The honest answer is yes and no. The agreement known here as CUSMA is still in force, but since July 1 it has been on a different footing, and the way it plays out over the next decade matters to your paycheque, your grocery bill and your savings. Most of us missed the moment because nothing visibly changed that day. That is exactly why it deserves a closer look, especially with the federal budget arriving Thursday. The short version: CUSMA did not end. It moved from a long-term deal to a deal that gets reviewed every year until 2036. Roughly 90% of what Canada sells to the U.S. has been crossing the border tariff-free because of it, so each annual review is a chance for that protection to be tested. For households, this is a slow-burn r...
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Stock Market Update: Mixed Finish as Yields Rise in Q2 2024


The stock market kicked off the second quarter of 2024 with a mixed performance, as US treasury yields climbed. Here are the key highlights:

  1. S&P 500 ( ^GSPC): The S&P 500 index closed down 0.2%, reflecting the cautious sentiment among investors.

  2. Dow Jones Industrial Average ( ^DJI): The Dow Jones fell 0.6%, adding to the uncertainty in the market.

  3. Nasdaq Composite ( ^IXIC): The tech-heavy Nasdaq Composite managed to close slightly higher, although it retreated from its earlier session highs.

  4. Bond Yields: The benchmark 10-year Treasury yield (^TNX) rose by 12 basis points to 4.32%, approaching its highest level of the year. This surge in yields raised questions about the economy’s acceleration and its potential impact on the Federal Reserve’s interest rate decisions.

  5. Manufacturing Sector Expansion: Data released on Monday revealed that the US manufacturing sector is in its strongest position since 2022. The Institute for Supply Management’s manufacturing PMI indicated expansion for the first time since September 2022. Additionally, S&P Global reported that production hit a 22-month high last month, signaling continued economic strength.

  6. First Quarter Performance: Equities have started 2024 on a positive note. The S&P 500 has set 22 fresh closing records so far this year, marking its best first quarter since 2019. All three major averages have risen for five consecutive months.

  7. Upcoming Jobs Report: The highlight of the first week of Q2 is Friday’s jobs report, which will provide further insights into the economy’s health and serve as a crucial signal for the Federal Reserve.

In summary, while mixed market performance persists, investors remain watchful of economic indicators and central bank actions. Stay tuned for further updates as the quarter unfolds.


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