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CUSMA Not Renewed: What the Trade Deal Impasse Means for Your Wallet

  July 2, 2026 | Trade & Economy The mandatory six-year review of Canada's most important trade agreement came and went this week — and it did not go the way Ottawa hoped. On July 1, U.S. Trade Representative Jamieson Greer confirmed that the United States will not renew the Canada-United States-Mexico Agreement (CUSMA) in its current form, sending the deal into a more uncertain, year-by-year footing right as Canadians are already navigating tariffs, a soft labour market, and a technical recession. Here is what actually happened, why it matters, and what it could mean for your budget in the months ahead. The short version CUSMA isn't dead. It remains legally in force until 2036. But instead of locking in a fresh 16-year term, the deal now shifts into annual reviews, with existing tariffs on steel, aluminum, autos and softwood lumber unresolved for now. What happened on July 1 CUSMA was built with a mandatory joint review every six years. If Canada, the U.S. and Mexico had a...
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Canada Triumphs Over U.S. in Thrilling 4 Nations Final: PM Trudeau Celebrates Victory

 

In a nail-biting showdown at the 4 Nations championship, Team Canada secured a thrilling overtime victory over the United States. The match, which ended with a golden goal by Connor McDavid, saw Canada clinch the title in dramatic fashion.

Canadian Prime Minister Justin Trudeau, celebrating the win, made a pointed statement directed at U.S. President Donald Trump: "You can’t take our country — and you can’t take our game." Trudeau's comment was seen as a subtle jab at Trump, highlighting the rivalry and camaraderie between the two nations.

The victory was not just a win on the ice but also a moment of national pride for Canadians, who cheered loudly for their team. The atmosphere was electric, with fans and players alike reveling in the hard-fought win.

This win marks a significant achievement for Team Canada and serves as a reminder of the strong spirit and determination that defines Canadian sportsmanship.




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