Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Stock Market Today: S&P 500 and Nasdaq Futures Point Higher Ahead of Key Inflation Data

US stock futures are showing optimism as Wall Street awaits crucial inflation data. Here are the highlights:

  • S&P 500 Futures (ES=F): Up 0.2%
  • Nasdaq Futures (NQ=F): Rose 0.3%
  • Dow Jones Industrial Average Futures (YM=F): Hovering just below the flatline.

Investors are closely monitoring economic indicators this week. Tomorrow, we’ll get the latest reading on consumer prices, followed by July’s retail sales data on Thursday. After a recent bout of volatility, the S&P 500 and Nasdaq are gradually recovering toward their year-to-date highs.

In individual stock news:

  • Home Depot (HD): Shares fell after the company adjusted its outlook for comparable same-store sales.
  • Nvidia (NVDA): Gained over 1% in premarket trading, building on Monday’s 4% gain.
  • Trump Media (DJT): Shares declined further after former President Donald Trump’s return to the X platform for a live event with CEO Elon Musk.


Labels:

Comments

Post a Comment