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CUSMA Review 2026: What Happens on July 1 — and What It Means for Your Wallet

The trade deal that governs nearly $1.3 trillion in Canada-U.S. commerce is up for review in less than a week. Here's what's at stake for Canadian families — and how to protect your budget whatever happens next. By MoneySavings.ca Staff  |   June 25, 2026 Canada Day is almost here — and this year, July 1 carries a lot more weight than fireworks and barbecues. On that same date, Canada, the United States, and Mexico are required to sit down for the first mandatory review of the Canada–United States–Mexico Agreement , known in Canada as CUSMA (and in the U.S. as the USMCA). The outcome of these talks will help shape the price of your groceries, your next car payment, Canadian jobs, and the overall cost of living for years to come. If you've heard the buzz but aren't sure what it all means for your household budget, you're in the right place. Here's your plain-language breakdown. What Is CUSMA — and Why Should You Care? CUSMA replaced the old NAFTA deal in 2020 an...
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LCBO Strike Continues Amidst Dispute Over Return-to-Work Protocol

 

A tentative agreement to end the two-week-long strike at the Liquor Control Board of Ontario (LCBO) has been thrown into question, with both sides accusing each other of bad faith bargaining. The Ontario Public Service Employees Union (OPSEU), representing 10,000 LCBO workers, announced that the strike would continue because the employer refused to sign a return-to-work protocol.

Despite initial optimism, the LCBO has stated that OPSEU introduced significant new monetary demands after the tentative deal was reached, which they argue should have been addressed during negotiations. The LCBO plans to file an unfair labour practice complaint against OPSEU.

The strike, which began on July 5, has been largely driven by concerns over Premier Doug Ford’s plan to allow convenience and grocery stores to sell ready-to-drink cocktails, a move that OPSEU claims threatens their jobs. The LCBO, however, maintains that this issue is not relevant to the bargaining table.

Negotiations had resumed earlier this week, with the LCBO offering wage increases, improved benefits for part-time workers, and the conversion of casual workers to permanent full-time positions. However, the failure to finalize the return-to-work protocol has left the strike ongoing, with no clear resolution in sight.


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