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CUSMA Not Renewed: What the Trade Deal Impasse Means for Your Wallet

  July 2, 2026 | Trade & Economy The mandatory six-year review of Canada's most important trade agreement came and went this week — and it did not go the way Ottawa hoped. On July 1, U.S. Trade Representative Jamieson Greer confirmed that the United States will not renew the Canada-United States-Mexico Agreement (CUSMA) in its current form, sending the deal into a more uncertain, year-by-year footing right as Canadians are already navigating tariffs, a soft labour market, and a technical recession. Here is what actually happened, why it matters, and what it could mean for your budget in the months ahead. The short version CUSMA isn't dead. It remains legally in force until 2036. But instead of locking in a fresh 16-year term, the deal now shifts into annual reviews, with existing tariffs on steel, aluminum, autos and softwood lumber unresolved for now. What happened on July 1 CUSMA was built with a mandatory joint review every six years. If Canada, the U.S. and Mexico had a...
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Controversy Surrounds Kamala Harris’ VP Frontrunner Amid Harassment Cover-up Allegations

 

In a recent development, Pennsylvania Governor Josh Shapiro, a leading contender to be Vice President Kamala Harris’ running mate, has been accused of covering up a sexual harassment scandal. The allegations were brought to light by Erin McClelland, a Democrat running for Pennsylvania’s state treasurer. McClelland claimed that Shapiro is unfit to be Harris’ vice-presidential pick, citing his alleged insecurity about being “second under a woman” and his involvement in a harassment cover-up.

McClelland’s accusations focus on Shapiro’s handling of a harassment case involving his top legislative liaison, Mike Vereb. Shapiro’s office reportedly paid $295,000 in a settlement to a woman who accused Vereb of harassment, but Vereb did not resign until months later. McClelland expressed her concerns on social media, suggesting that Harris should consider other candidates who are more secure in their roles and supportive of female leadership.

This controversy has sparked a debate about the qualities needed in a vice-presidential candidate and the importance of addressing harassment allegations transparently. As the Democratic Party prepares for the upcoming election, these allegations could impact Shapiro’s chances of being selected as Harris’ running mate.


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