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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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Your lookahead horoscope: August 18, 2024

 


HOROSCOPES IF TODAY IS YOUR BIRTHDAY

There can be no turning back: you have started down a new path through life and now you must go all the way. It’s not about personal or professional success, it’s about staying true to who you are on the deepest level of your being.

ARIES (March 21 - April 20):

Social events could be disrupted over the next few days as friends and family members find it hard to make plans and stick with them. So long as you stay flexible and don’t expect too much from those around you no lasting harm will come of it.

TAURUS (April 21 - May 21):

You may be at a loss to understand why someone is being obstructive but it is clear they do not want you to move ahead with work-related plans. Be smart and don’t force the issue, because a few days from now their attitude will change for the better.

GEMINI (May 22 - June 21):

There is no point trying to run away from your troubles because wherever you go they will follow you there. Make use of the full moon to engineer a showdown with people who obviously don’t want to see you succeed. It’s time to get tough.

CANCER (June 22 - July 23):

Like it or not you are going to have to do what others tell you during the early part of the week but when the sun changes signs on the 22nd you will again be free to plot your own course. In the meantime, keep a low profile.

LEO (July 24 - Aug. 23):

Identify your No.1 priority and focus on it relentlessly over the next few days. The more others try to distract you the more you must keep your attention fixed on what matters most. As much as you can, shut yourself off from outside influences.

VIRGO (Aug. 24 - Sept. 23):

Being a bit of a control freak you enjoy calling the shots but you are also smart enough to understand that sometimes a lighter touch is required. There are times when cracking the whip can work well for you but this isn’t one of them.

    LIBRA (Sept. 24 - Oct. 23):

    Disruptions are likely under the influence of the full moon but if you stay calm and ignore minor setbacks there’s not much that can hurt you. If you are involved in anything of a creative nature maybe leave it a few days before taking it further.

    SCORPIO (Oct. 24 - Nov. 22):

    Once you have chosen a course of action no force on earth can stop you but that could be a problem now as the full moon puts you at odds with an equally determined opponent. Just agree to disagree and go your separate ways.

    SAGITTARIUS (Nov. 23 - Dec. 21):

    You seem to have got too much of one thing in your life and not enough of another and the full moon will highlight that situation over the next few days. Like it or not you are going to have to take some kind of remedial action.

    CAPRICORN (Dec. 22 - Jan. 20):

    It’s possible that your career will get a boost this week but don’t take your good fortune for granted. Like a game of snakes and ladders you could find yourself on the down slope again if you don’t make the right choices, so think before you act.

    AQUARIUS (Jan. 21 - Feb. 19):

    A full moon in your sign will bring strong emotions to the surface over the next day or two, so promise yourself now that you won’t let your feelings overheat. But don’t go to the other extreme and be needlessly cold. Strike the right balance.

    PISCES (Feb. 20 - Mar. 20):

    Keep your standards high at all times and don’t be tempted to lower them merely to avoid friction with partners at home and at work. Some people are happy to go against their beliefs for material gain but you don’t have to be one of them.

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