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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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Ford Hails Progress in U.S.-Canada Trade Talks


Ontario Premier Doug Ford described his recent meeting with U.S. Commerce Secretary Howard Lutnick as "very, very productive," signaling a potential thaw in the tense trade relations between Canada and the United States. The meeting, held in Washington, D.C., focused on addressing escalating tariffs and fostering a more collaborative economic relationship.

Ford expressed optimism, stating, "The temperature's coming down," and emphasized the importance of finding common ground for the benefit of both nations. While specific details of the discussions remain under wraps, the promise of continued dialogue next week suggests a commitment to resolving trade disputes amicably.

This meeting comes amidst a backdrop of heightened tensions, with both countries imposing tariffs on each other's goods. Ford's efforts to de-escalate the situation highlight the significance of diplomacy in navigating complex international trade dynamics.

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