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CUSMA Review 2026: What Happens on July 1 — and What It Means for Your Wallet

The trade deal that governs nearly $1.3 trillion in Canada-U.S. commerce is up for review in less than a week. Here's what's at stake for Canadian families — and how to protect your budget whatever happens next. By MoneySavings.ca Staff  |   June 25, 2026 Canada Day is almost here — and this year, July 1 carries a lot more weight than fireworks and barbecues. On that same date, Canada, the United States, and Mexico are required to sit down for the first mandatory review of the Canada–United States–Mexico Agreement , known in Canada as CUSMA (and in the U.S. as the USMCA). The outcome of these talks will help shape the price of your groceries, your next car payment, Canadian jobs, and the overall cost of living for years to come. If you've heard the buzz but aren't sure what it all means for your household budget, you're in the right place. Here's your plain-language breakdown. What Is CUSMA — and Why Should You Care? CUSMA replaced the old NAFTA deal in 2020 an...
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Explosions Rock Beirut After Israeli Army Issues Warning

 

Massive explosions shook Beirut late Friday following warnings from the Israeli military about potential strikes targeting Hezbollah strongholds in Lebanon. The blasts, reportedly in the southern suburbs of the Lebanese capital, sent plumes of smoke into the sky and caused widespread panic among residents.

Preliminary reports suggest the targets included infrastructure and storage facilities linked to Hezbollah, though neither the Israeli Defense Forces (IDF) nor Hezbollah have officially confirmed the details. Lebanese media described the explosions as among the most intense in recent years, further escalating tensions in an already volatile region.

The Israeli army had earlier issued a stark warning, urging civilians in certain areas to evacuate in anticipation of military action. The strikes are seen as part of Israel’s broader response to increased rocket fire from Hezbollah amid the ongoing conflict with Hamas in Gaza.

Lebanese authorities have condemned the attack, calling it a violation of the country’s sovereignty and warning of severe consequences for regional stability. International actors, including the United Nations, have urged all parties to exercise restraint to prevent further escalation.

As the situation unfolds, concerns grow over the humanitarian impact, with both Lebanese civilians and displaced individuals facing mounting risks in the conflict zone.


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