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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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Peaceful Protests in London Amid Heavy Police Presence

 

London witnessed significant demonstrations from both right-wing, anti-immigrant protesters and opposing anti-racism groups. The rallies, which were closely monitored by a substantial police presence, passed off peacefully without any major incidents.

The heightened police operation was aimed at preventing clashes between the rival groups, ensuring the safety of all participants. Authorities had prepared extensively to manage the large crowds and maintain order throughout the day.

Despite the contrasting messages of the two groups, the day concluded without any significant disturbances, showcasing the effectiveness of the police strategy and the commitment of the demonstrators to peaceful protest.


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