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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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Global Markets Rebound as Trump Eases Trade Tensions

In a dramatic turn of events, European and Asian stock markets surged following U.S. President Donald Trump's decision to pause steep tariffs on most countries. This move, announced after a period of heightened trade tensions, brought relief to global investors and sparked a rally across major indices.

European markets saw significant gains, with Frankfurt's DAX jumping over 7%, Paris climbing 7.3%, and London's FTSE 100 rising by 5.3%. Asian markets mirrored this optimism, with indices like Japan's Nikkei 225 and South Korea's Kospi posting substantial increases. The pause in tariffs, however, excluded China, which faced an escalation in duties to 125%, intensifying the trade war between the two economic giants.

While the temporary suspension of tariffs has provided a much-needed boost to global markets, analysts caution that uncertainty remains. The baseline 10% tariff on imports persists, and the unpredictability of future trade policies continues to loom over the global economy.

This development underscores the delicate balance between economic diplomacy and market stability, as nations navigate the complexities of international trade in an era of shifting policies.

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