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CUSMA Wasn’t Renewed: The 10-Year Clock Now Running on Your Job, Prices and Savings

  Canadian Money Brief | Feature CUSMA Wasn't Renewed: The 10-Year Clock Now Running on Your Job, Prices and Savings By MoneySavings.ca | Published November 2, 2026 Quick quiz: is Canada's free trade deal with the United States still in place? The honest answer is yes and no. The agreement known here as CUSMA is still in force, but since July 1 it has been on a different footing, and the way it plays out over the next decade matters to your paycheque, your grocery bill and your savings. Most of us missed the moment because nothing visibly changed that day. That is exactly why it deserves a closer look, especially with the federal budget arriving Thursday. The short version: CUSMA did not end. It moved from a long-term deal to a deal that gets reviewed every year until 2036. Roughly 90% of what Canada sells to the U.S. has been crossing the border tariff-free because of it, so each annual review is a chance for that protection to be tested. For households, this is a slow-burn r...
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Canada's Economy Shows Modest Growth in Q3 2024



Canada's economy grew at an annualized rate of 1% in the third quarter of 2024, according to Statistics Canada. The growth was driven by increased consumer spending, particularly on new vehicles, and higher government expenditures.

Despite the positive growth, the figure fell short of the Bank of Canada's forecast of 1.5% annualized growth for the quarter. The slower business investment and lower exports also contributed to the modest growth rate. Additionally, real GDP per capita declined by 0.4%, marking the sixth consecutive quarter of per-capita GDP decline.

Economists are closely watching these trends as the country navigates through economic challenges and uncertainties. The government remains optimistic about the economy's resilience and is expected to introduce measures to stimulate further growth.




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