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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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Gaza Ceasefire Talks Begin in Egypt, But Deep Divisions Cloud Progress

Smoke rises following explosions during the Israeli military offensive in Gaza City, as seen from the central Gaza Strip.

Negotiators from Israel and Hamas convened in Egypt on Monday for U.S.-backed talks aimed at halting the war in Gaza and securing the release of hostages. The discussions, part of President Donald Trump’s 20-point peace blueprint, mark the most ambitious diplomatic push yet to end the two-year conflict.

The talks come as Gaza faces a humanitarian catastrophe, with more than 67,000 Palestinians reported killed and the majority of its 2.2 million residents displaced. Israel continues to grapple with the trauma of the October 7, 2023 Hamas-led attack that killed 1,200 people and saw 251 hostages taken.

The Israeli delegation includes senior intelligence officials and Prime Minister Benjamin Netanyahu’s advisers, while Hamas is represented by exiled leader Khalil Al-Hayya. Central issues on the table include a potential prisoner swap, an Israeli military withdrawal, and the contentious demand that Hamas disarm — a condition the group has rejected without guarantees of Palestinian statehood.

Despite Trump’s public call for negotiators to “move fast,” officials close to the process caution that a breakthrough is unlikely in the near term. Both sides remain deeply mistrustful, and mediators expect talks to stretch over several days, if not longer.

For now, the negotiations represent a fragile opening — but one overshadowed by the immense political and humanitarian challenges that remain unresolved.


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