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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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Cardinals Prepare for Papal Conclave Amid Calls for Unity

The Vatican has announced that the conclave to elect the next pope will commence on May 7. This decision follows the funeral of Pope Francis, who led the Roman Catholic Church for 12 years before his passing on April 12. 

The College of Cardinals, comprising 135 electors under the age of 80, will gather in the Sistine Chapel for the secretive voting process. A two-thirds majority is required to elect the new leader of the Church, which has an estimated 1.4 billion followers worldwide. 

In the days leading up to the conclave, cardinals from diverse corners of the globe are engaging in informal meetings to foster familiarity and consensus. Many of these cardinals were appointed by Pope Francis and have had limited opportunities to interact, adding an element of unpredictability to the proceedings. 

The conclave is expected to reflect the Church's ongoing dialogue between progressive and conservative factions. While some cardinals emphasize continuing Francis' focus on social justice, others advocate a return to traditional doctrines. 

The conclave's outcome will shape the future direction of the Church, as cardinals navigate the delicate balance of unity and diversity within its leadership. 

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