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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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Escalation in Gaza: Hospital in Flames Amidst Conflict

 

In a tragic turn of events, Israeli troops stormed the Kamal Adwan Hospital in northern Gaza on Friday, forcibly removing staff and patients before setting parts of the hospital on fire. The hospital, one of the last operating in the area, has been repeatedly targeted over the past three months as Israeli forces continue their offensive against Hamas fighters.

The Gaza Health Ministry reported that the troops forced medical personnel and patients to assemble in the hospital yard, where they were stripped of their clothes in the cold winter temperatures. Some patients were relocated to the nearby Indonesian hospital, which had already been knocked out of operation by an Israeli raid earlier in the week.

The ministry's account, which could not be independently confirmed, described fires being set in several parts of the hospital, including the lab and surgery department. An audio message from an unidentified staff member posted on social media highlighted the dire situation, with patients unhooked from oxygen and at risk of dying at any moment.

This incident is part of a broader offensive that has seen northern Gaza areas like Jabaliya, Beit Hanoun, and Beit Lahiya virtually sealed off, with large parts of these districts leveled. The ongoing conflict has raised fears of famine, with the U.N. reporting only four humanitarian deliveries to the area from December 1 to December 23.

The Israeli military has claimed that their operations target Hamas infrastructure and fighters, though they have provided no evidence to support their accusations that Hamas fighters were operating inside Kamal Adwan Hospital. Hospital officials have denied these claims.

The situation remains dire, with thousands of Palestinians forced out of their homes and the health sector in Gaza devastated by the nearly 15-month-old campaign of bombardment and offensives. The international community continues to watch closely as the humanitarian crisis in Gaza deepens.


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