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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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Wall Street Rebounds Amid Earnings Anticipation and Geopolitical Tensions


Coming off their worst week since October, Wall Street is showing signs of recovery as investors brace for a busy week of earnings reports and geopolitical developments. Here’s a snapshot of today’s market activity:

  1. Earnings Optimism: Futures for the S&P 500 and the Dow Jones Industrial Average rose by 0.6% before the bell. Investors eagerly await data from the government’s latest retail sales figures and financial results from companies like Bank of America, United Airlines, and Netflix.

  2. Oil Prices Decline: Despite escalating tensions in the Middle East, oil prices fell. An attack late Saturday marked the first time Iran had ever launched a military assault on Israel. However, the precision and limited impact of Iran’s response suggest a strategic approach aimed at minimizing damage rather than escalating tensions. A barrel of benchmark U.S. oil declined to $84.96, while Brent crude, the international standard, lost ground at $89.77.

  3. Defense Contractors Surge: Nearly every sector showed gains early Monday, with defense contractors leading the way. Lockheed Martin rose by 1.8% before the bell.

  4. Apple’s iPhone Challenge: Apple shares ticked down slightly after a report revealed that the iPhone ranked second in phone deliveries during the first quarter, trailing behind Samsung. Concerns arise due to faltering iPhone sales in China and reports that the Chinese government may restrict its workers from buying iPhones.

  5. Global Markets: In Europe, Germany’s DAX and France’s CAC 40 rose by 1%, while London’s FTSE 100 slipped marginally. In Asian trading, Japan’s benchmark Nikkei 225 dipped by 0.7%.

  6. Currency Trends: The U.S. dollar strengthened against the Japanese yen, reaching another 34-year high as investors sought safety amid uncertainty.

As the week unfolds, investors will closely monitor earnings reports, geopolitical developments, and economic indicators. The delicate balance between global tensions and corporate performance remains at the forefront of market dynamics.


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