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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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Mark Carney Eyes Liberal Leadership Following Trudeau's Resignation


In the wake of Justin Trudeau's resignation as the leader of the Liberal Party, former Bank of Canada and Bank of England governor Mark Carney has announced that he is considering entering the race to succeed Trudeau. Trudeau, who has served as Prime Minister for nine years, cited internal party pressures and declining public support as reasons for his decision to step down.

Carney, 59, has had a distinguished career in finance and public service, and his potential candidacy has generated significant interest within the Liberal Party. Over the past few weeks, Carney has been in contact with numerous Liberal MPs, seeking their advice and support for his leadership bid. While some MPs have expressed skepticism about his ability to transition from a career in finance to politics, others have praised his economic expertise and leadership qualities.

Carney's entry into the leadership race could bring a fresh perspective to the Liberal Party, which is facing challenges both internally and from the opposition. As the party prepares for a competitive leadership contest, Carney's experience and vision for Canada's future will be closely scrutinized by party members and the public alike.

The Liberal Party's leadership race is expected to be a robust and nationwide process, with several other high-profile candidates, including former Deputy Prime Minister Chrystia Freeland and Transport Minister Anita Anand, also being considered as potential successors to Trudeau. The outcome of this leadership contest will shape the future direction of the Liberal Party and its approach to key issues such as the economy, climate change, and social policies.

As Carney weighs his decision, he has emphasized the importance of consulting with his family and considering the impact of his potential candidacy on his personal and professional life. The coming weeks will be crucial for Carney and the Liberal Party as they navigate this period of transition and prepare for the challenges ahead.


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