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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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Don Davies Appointed Interim Leader of NDP Amid Party Transition

 

In a significant shift for the New Democratic Party (NDP), British Columbia MP Don Davies has been appointed as the interim leader following the resignation of Jagmeet Singh. The decision was made by the party’s federal council, which convened after the NDP’s disappointing performance in the recent federal election.

Davies, who previously served as the party’s health critic, played a key role in negotiating dental care and pharmacare legislation with the Liberal government. His leadership comes at a critical time, as the NDP faces challenges after losing official party status, with only seven seats remaining in the House of Commons.

The party has yet to determine the rules and timing for a leadership contest to select a permanent leader. In the meantime, Davies is expected to focus on rebuilding support, strengthening party infrastructure, and advocating for core NDP policies, including public health care, affordable housing, and fair taxation.

With the NDP at a crossroads, Davies’ leadership will be instrumental in shaping the party’s future direction and strategy. His experience and commitment to progressive policies may help the party regain momentum in the coming months.


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