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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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Tech Stocks Lead Market Rally as Fed Signals Potential Rate Cut

 

In a significant market rally today, stocks soared, driven by a resurgence in tech shares. Nvidia led the charge, surging 12% after a positive earnings report and favorable analyst comments. The broader market also benefited from the Federal Reserve’s decision to hold interest rates steady, with Fed Chair Jerome Powell hinting that a rate cut could be on the table for September.

The S&P 500 rose nearly 1.6%, while the tech-heavy Nasdaq Composite surged more than 2.6%. The Dow Jones Industrial Average saw a more modest gain of 0.2%. Powell’s comments provided a boost to investor sentiment, as he noted that the economy is moving closer to the point where a rate reduction might be appropriate.

Tech stocks, which had been under pressure recently, rebounded strongly. Nvidia’s impressive performance was a highlight, with the company’s shares regaining ground lost earlier in the week. Other tech giants also saw gains, contributing to the overall positive market sentiment.

In commodities, oil prices jumped following geopolitical tensions, with Brent crude rising over 4% to top $81 a barrel. Meanwhile, Meta’s stock rose more than 4% after reporting better-than-expected earnings for the second quarter,

Overall, today’s market action reflects growing optimism among investors, buoyed by the potential for a more accommodative monetary policy and strong performances from key tech companies.


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