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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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Special Counsel Pauses Federal Prosecution of Trump Over 2020 Election Interference

 

In a significant development, Special Counsel Jack Smith has requested a pause in the federal prosecution of President-elect Donald Trump for his alleged attempts to overturn the 2020 election results. This move comes in light of Trump's recent victory in the 2024 presidential election.

Smith's request, filed on Friday, asks the court to vacate all remaining deadlines in the pretrial schedule to allow the government time to assess the unprecedented circumstances and determine the appropriate course of action. The Justice Department has a longstanding policy against prosecuting sitting presidents, which has influenced this decision.

U.S. District Judge Tanya Chutkan granted the request, setting a new deadline of December 2, 2024, for the government to file a status report outlining its proposed course for the case. This pause reflects the complexities and legal considerations surrounding the prosecution of a sitting president.

Trump, who has denied all wrongdoing, was initially indicted in August 2023 for his alleged role in a criminal scheme to overturn the 2020 election results. The case has faced numerous delays, and the recent election victory has added another layer of complexity to the proceedings.

As the legal and political implications of this decision unfold, the nation watches closely to see how the Justice Department will navigate this unprecedented situation.

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