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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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Israeli Forces Intensify Bombardment in Gaza Amid Fierce Fighting

 

In a devastating escalation, Israeli forces have pounded Rafah in southern Gaza and other areas across the enclave. The intense bombardment has resulted in the deaths of at least 38 Palestinians, including civilians, as troops engage in close-quarter combat with Hamas militants. Tanks are pushing into the city, aiming to complete their capture of Rafah, which borders Egypt and has been under assault since early May. The situation is dire, with more than a million displaced people seeking shelter in the city, only to be forced to flee again due to the attacks.

Palestinian health officials report that at least 18 Palestinians were killed in Mawasi, western Rafah, after a tank shelling hit a tent housing displaced families. The Israeli military claims its actions are “precise, intelligence-based,” targeting tunnels used by militants and a university allegedly serving as a Hamas headquarters. Meanwhile, the pace of the Israeli raid has accelerated, with non-stop sounds of explosions and gunfire in western Rafah.

As the conflict continues, Israel’s advance focuses on the last two areas yet to be stormed: Rafah in Gaza’s southern edge and the region surrounding Deir al-Balah in the center. The toll of violence remains devastating, with both Palestinian and Israeli lives lost in this tragic conflict.

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