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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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Notorious Killer Paul Bernardo to Appear Before Parole Board of Canada

 

Paul Bernardo, one of Canada's most infamous serial killers, is scheduled to appear before the Parole Board of Canada today for a hearing. Bernardo, who has been denied parole twice in the past, is serving an indeterminate life sentence for the kidnapping, sexual assault, and murder of 15-year-old Kristen French and 14-year-old Leslie Mahaffy in the early 1990s near St. Catharines, Ontario.

The hearing will take place at the medium-security La Macaza Institution in Quebec, following his controversial transfer from a maximum-security Ontario prison last year. Tim Danson, the lawyer representing the French and Mahaffy families, has expressed frustration over the parole board's initial decision to deny the families the right to deliver their victim impact statements in person. Although the board later reversed this decision, the short notice has made it difficult for the families to arrange travel, resulting in only Mahaffy's mother attending in person while others will deliver their statements remotely.

Bernardo's crimes, which also include the manslaughter of his then-wife Karla Homolka's 15-year-old sister, Tammy, have left a lasting impact on the victims' families and the Canadian public. The parole board's decision today will be closely watched, as it could determine whether Bernardo will remain behind bars or be granted parole.



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