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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 Today: Dow Nears 40,000 as Stocks Regroup Near Record Highs


US stocks remained relatively unchanged on Thursday following a record-setting rally. Signs of cooling inflation have fueled expectations for a Federal Reserve rate cut in September. Here are the key highlights:

  1. Market Performance:

    • The S&P 500 (^GSPC) edged slightly higher after closing above 5,300 for the first time.
    • The Dow Jones Industrial Average (^DJI) and the tech-heavy Nasdaq Composite (^IXIC) were trading near the flatline.
    • All three major indices ended Wednesday at all-time highs, leaving the Dow less than 100 points away from breaking through the 40,000 mark.

  2. Inflation and Rate Cut Speculation:

    • April’s tepid consumer inflation reading brought relief to a market anticipating higher interest rates. Trader bets on a Fed rate cut in September rose to over 70%, according to the CME FedWatch Tool.
    • Investors also turned to bonds, pushing the 10-year Treasury yield (^TNX) down to near one-month lows at around 4.33%.

  3. Corporate News:

    • Walmart (WMT) posted better-than-expected quarterly profit, revenue, and same-store sales. The US retail giant’s shares surged over 5% as it raised its full-year forecasts.
    • Warren Buffett’s Berkshire Hathaway (BKR-B) revealed a $6.7 billion stake in Chubb (CB), ending months of suspense over a position kept concealed in regulatory filings. Chubb’s shares climbed about 8%.

  4. Insights from Walmart’s CFO:

    • Walmart’s CFO, John David Rainey, highlighted deflation in certain product categories but not disinflation. Sales in May started strong, benefiting from investments in same-day delivery and buy online, pick up in stores technology.
    • Walmart’s market cap crossed the $500 billion level.

In summary, the stock market remains resilient, with investors closely monitoring inflation trends and anticipating further Fed actions. The Dow’s march toward 40,000 continues, fueled by positive corporate earnings and strategic investments.


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