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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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Market Turmoil: Bleak Economic Data and Big Tech Earnings Shake Investor Confidence

The stock market faced a challenging day as futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq fell sharply. Investors reacted to disappointing GDP and jobs data, which revealed the first contraction of the U.S. economy in three years. The GDP shrank at an annual rate of 0.3% in the first quarter, driven by increased imports and reduced consumer and government spending. 

Adding to the uncertainty, private payroll growth showed a slowdown in hiring, reflecting unease among businesses. Meanwhile, Wall Street is bracing for a wave of Big Tech earnings reports, with Microsoft and Meta set to release their quarterly results later today. These reports are expected to provide insights into how major companies are navigating economic pressures and trade tensions.

April has been a tumultuous month for the markets, marked by tariff hikes and trade disputes. The Dow is on track for a monthly drop of 2.5%, while the S&P 500 and Nasdaq have experienced smaller declines. Investors are closely watching inflation data and corporate earnings for signs of stability amid the ongoing volatility.


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