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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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Tragedy in Gaza: School Shelter Targeted Amid Ceasefire Talks


An Israeli airstrike on a school-turned-shelter in Gaza City has claimed the lives of at least 23 people, including children, as Arab mediators work tirelessly to negotiate a long-term truce between Israel and Hamas. The strike ignited tents sheltering displaced Palestinians, leaving many burned alive. 

The attack comes amidst heightened tensions and a seven-week blockade on Gaza, which has severely restricted food and humanitarian aid. International criticism of the blockade has intensified, with France, Germany, and Britain calling it "intolerable". Palestinian President Mahmoud Abbas has urged Hamas to release hostages to prevent further escalation.

The humanitarian crisis in Gaza continues to worsen, with displaced families struggling to survive under dire conditions. The tragedy underscores the urgent need for a resolution to the conflict and an end to civilian suffering.



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