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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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A United Vision: The Obamas Rally Behind Harris at DNC


 In a significant moment at the Democratic National Convention, Barack and Michelle Obama endorsed Vice President Kamala Harris, underscoring the historic nature of her candidacy. 

The former President and First Lady delivered impassioned speeches that not only supported Harris but also emphasized the critical juncture at which the nation stands. Barack Obama praised Harris for her readiness to lead, reflecting on the values she represents and the progress she signifies for the country. Michelle Obama, with equal fervor, highlighted Harris's qualifications and the hope she brings to a nation in need of unity and direction. 

This endorsement comes at a pivotal time, as Harris's candidacy represents not just a continuation of the Democratic legacy but also a step forward in the ongoing journey toward a more inclusive and equitable America. The Obamas' backing is expected to galvanize support as the campaign enters its final stretch, signaling a united front in the pursuit of a common vision for the future of the United States.


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