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The CUSMA Countdown: 24 Days to a Trade Deadline That Could Hit Your Wallet

Canada's free trade deal with the U.S. hits a mandatory review milestone on July 1. With negotiations unresolved and Washington demanding changes, here's what it actually means for your groceries, your car, and your job. MoneySavings.ca Staff Canadian Money Brief June 7, 2026 5 min read What Is CUSMA and Why Does July 1 Matter? CUSMA — the Canada-United States-Mexico Agreement — is the trade deal that keeps the North American economy humming. It replaced NAFTA in 2020 and governs the movement of trillions of dollars in goods and services across the Canada-U.S. border every year. For Canadian consumers, it's largely invisible — until it isn't. Built into the agreement is a mandatory six-year joint review, and that clock expires on July 1, 2026 . By that date, all three countries must declare whether they want to renew the deal for another 16 years, trigger annual reviews, or walk away. Whatever they decide, CUSMA technically stays in force until 2036 — but the path chose...
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Trump and Musk Unleash Bold Plan to Reshape Federal Workforce

In a dramatic move aimed at curbing government waste and streamlining operations, President Donald Trump has signed an executive order directing U.S. agencies to prepare for large-scale staff cuts. Standing shoulder to shoulder with billionaire Elon Musk—who now plays a pivotal role through his Department of Government Efficiency (DOGE)—Trump’s order mandates that agencies reduce their workforce and reassess their operational needs.

Under the new directive, each federal agency must adopt a hiring rule that permits the addition of only one new employee for every four that leave. The order also requires agency heads to collaborate with DOGE staff to develop “data-driven” plans for identifying redundant positions and potentially eliminating entire functions that do not serve critical needs. Exemptions are granted for roles deemed vital to national security, public safety, law enforcement, and immigration enforcement.

Musk, a vocal critic of what he calls an “unelected, unconstitutional fourth branch” of government, defended the initiative during a joint news conference in the Oval Office. “The people voted for major government reform, and that’s what they are going to get,” he asserted, emphasizing that his team’s involvement is designed to root out inefficiencies and excessive spending in federal operations. Trump echoed this sentiment, arguing that the move is necessary to make government more accountable and aligned with the will of the people.

While administration officials predict significant cost savings through the proposed cuts, critics have raised concerns over the potential impact on federal workers—many of whom are protected by union contracts and civil service laws—as well as the possibility of protracted legal battles. Nonetheless, the president dismissed these warnings, insisting that the reforms are essential to restoring fiscal discipline and ensuring that taxpayer dollars are spent wisely.

As federal agencies now face the challenge of implementing these sweeping changes, the coming weeks are expected to see intense negotiations between administration officials, labor representatives, and legal experts. The success of this bold overhaul remains to be seen, but for now, Trump and Musk appear determined to transform the federal workforce in what they describe as a long-overdue modernization effort.

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