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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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Mark Carney's Victory Sparks Global Optimism for Canada

Mark Carney's election as Canada's Prime Minister has drawn congratulations from leaders worldwide, signaling hopes for strengthened international ties amid growing uncertainty surrounding U.S. policies. European Commission President Ursula von der Leyen praised Carney's leadership, emphasizing the importance of defending shared democratic values and promoting multilateralism. British Prime Minister Keir Starmer echoed similar sentiments, highlighting the close alliance between the UK and Canada.

Carney's campaign, which focused on "Trump-proofing" Canada, resonated with voters concerned about U.S. President Donald Trump's trade war and annexation threats. In his victory speech, Carney reaffirmed Canada's commitment to unity and resilience, stating, "America wants our land, our resources, our water, our country. But these are not idle threats. President Trump is trying to break us so that America can own us. That will never happen".

As Carney prepares to lead Canada, global leaders have expressed optimism about collaborating with his administration to address shared challenges and uphold the rules-based international order. His victory marks a pivotal moment for Canada on the world stage.

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