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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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Ottawa Prepares for Trump 2.0: Reinforcing Border Security

 

As President-elect Donald Trump gears up for his second term, Ottawa is taking proactive measures to ensure the security of Canada's borders. With Trump's aggressive immigration policies and mass deportation plans, Canadian officials are preparing for a potential influx of migrants seeking refuge.

Deputy Prime Minister Chrystia Freeland has emphasized that Canada's borders are "safe and secure" and that the country will continue to control who enters. The Royal Canadian Mounted Police (RCMP) have been preparing for months, anticipating increased migrant traffic at the border. Measures include acquiring more police cruisers, setting up permanent or semi-permanent buildings, and chartering buses to transport migrants if necessary.

Freeland's message to Canadians is clear: "We control our borders. Every Canadian has the absolute right to expect that our country chooses who comes here and who doesn't". This stance aims to reassure the public and deter any potential surge of undocumented immigrants fleeing the United States.

As the situation unfolds, Ottawa remains vigilant, ready to adapt to the challenges posed by Trump's immigration policies and ensure the safety and security of Canada's borders.

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