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How Canada's CUSMA Trade Deadline Could Spike Your Grocery & Gas Prices

  Canada is facing a critical trade deadline on July 1, 2026—and your grocery bill, gas prices, and everyday costs could be directly impacted. Here's what you need to know before tariffs potentially surge. What's Happening with CUSMA? The Canada-United States-Mexico Agreement (CUSMA) is undergoing its first mandatory "joint review" this summer. While it sounds like bureaucratic jargon, the stakes are enormous: this review will determine whether Canada maintains tariff-free trade with the U.S. and Mexico, or faces significant new duties on imported goods. Currently, negotiations are stalled. Canada has fallen behind Mexico in bilateral talks with the U.S., and the July 1 deadline is creating what economists are calling a "certainty cliff"—a moment where businesses must prepare for worst-case scenarios. Why This Matters for Your Wallet 📌 Grocery Prices at Risk Canada imports billions of dollars in food annually from the U.S. If tariffs spike, you'll feel ...
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A major power outage is reported in Spain and Portugal, disabling their capitals

 

A major power outage has struck Spain and Portugal, including their capitals, Madrid and Lisbon, causing significant disruptions across the Iberian Peninsula. The blackout has affected subway networks, phone lines, traffic lights, and ATM machines, leaving millions of residents grappling with the sudden loss of electricity.

Spanish power grid operator Red Eléctrica and Portuguese distributor E-Redes are working to restore power and stabilize the network. Early reports suggest the outage may be linked to issues in the European electricity system. The blackout has also impacted parts of France, further highlighting the scale of the problem.

Authorities in both countries have urged residents to limit travel and prioritize safety as traffic lights and public transportation remain non-operational. This rare and widespread outage has disrupted daily life, with courts halting work and mobile networks experiencing outages.

Efforts to restore power are underway, but the cause of the outage remains under investigation. This developing situation underscores the vulnerability of interconnected power systems and the need for robust infrastructure to prevent such incidents in the future.

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