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CUSMA Renewal Deadline Passes: What It Means for Your Wallet

  July 8, 2026 July 1 came and went without a full renewal of the Canada-United States-Mexico Agreement (CUSMA). Instead of locking in another 16-year term, the United States chose not to extend the deal in its current form, which means the trade pact now shifts into an annual review process for the next decade. Here's what that actually means for your money. What just happened All three countries had until July 1 to say whether they wanted to renew CUSMA. Because Washington opted against a full renewal, the agreement now gets reviewed annually rather than being locked in for over a decade. Canada's Trade Minister Dominic LeBlanc confirmed the three countries agreed to keep talking, with Canada specifically pushing to address sectoral tariffs on steel, aluminum, autos, and lumber. Any of the three countries can still walk away entirely with six months' notice. The good news: most trade stays tariff-free For now, the status quo holds. The bulk of Canadian exports to the U.S....
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Israeli Prime Minister's Office Refutes Claims of Hamas Agreement on Gaza Ceasefire

 

In a recent development, the office of Israeli Prime Minister Benjamin Netanyahu has denied reports that Hamas has agreed to a ceasefire proposal mediated by Qatar. Contrary to earlier claims by an Israeli official, the Prime Minister's office stated that Hamas has not yet responded to the deal.

The proposal, which aims to halt the ongoing conflict in Gaza, was reportedly set to be formally announced on Thursday, with the first phase of the agreement commencing on Sunday. However, the Prime Minister's office clarified that no official communication has been received from Hamas regarding their acceptance of the terms.

This denial comes amidst ongoing negotiations and efforts by international mediators to broker a ceasefire and secure the release of hostages held by Hamas in exchange for Palestinian prisoners. The situation remains fluid, with both sides yet to reach a final agreement.


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