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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 Gains Momentum with Key Endorsements in Liberal Leadership Race

 

Liberal leadership hopeful Mark Carney has secured the endorsements of four more current and former cabinet ministers. On Tuesday, Indigenous Services Minister Patty Hajdu, Crown-Indigenous Relations and Northern Affairs Minister Gary Anandasangaree, and former housing minister Sean Fraser all threw their support behind Carney on social media. 

Environment Minister Steven Guilbeault also endorsed Carney while speaking to reporters at the Liberal cabinet retreat in Montebello, Quebec. Guilbeault praised Carney's experience and background, highlighting their collaboration on issues such as green energy transition and fighting climate change. 

Carney's stance on carbon pricing has been a focal point of his campaign. While he has been a longtime supporter of carbon pricing to combat climate change, he has hinted at a policy shift, suggesting that if the carbon price is to be replaced, it must be with something equally or more effective. 

The Liberal Party will choose a new leader on March 9 to replace Prime Minister Justin Trudeau, who announced his resignation earlier this month. Carney's growing list of endorsements positions him as a strong contender in the leadership race.

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