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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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Federal Workforce in Turmoil: Mass Layoffs Spark Outrage and Uncertainty

In a sweeping move that has left federal workers reeling, the Trump administration has initiated mass layoffs targeting probationary employees across various federal agencies. The abrupt terminations, which began on February 13, 2025, have sparked widespread anger, chaos, and confusion among the affected workers.

The layoffs are part of a broader effort spearheaded by the newly-established Department of Government Efficiency (DOGE), led by billionaire Elon Musk. The initiative aims to streamline government operations and reduce spending by targeting employees who have been with the federal government for less than one or two years.

Many federal workers have expressed shock and disbelief at the sudden job losses, with some receiving termination notices via email or pre-recorded messages. The manner in which the layoffs were conducted has been criticized as callous and lacking in consideration for the human impact.

The Trump administration's aggressive approach to downsizing the federal workforce has prompted condemnation from unions and legal experts, who argue that many of DOGE's actions may not be legal. The layoffs have also raised concerns about the government's ability to provide essential services to the public.

As the dust settles, federal workers and their families are left grappling with the uncertainty of their future, while the broader implications of the mass layoffs continue to unfold.



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