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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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Canada Secures Landmark $70B UAE Investment to Boost Critical Sectors

 

Prime Minister Mark Carney, middle, stands with Abdulrahman Al Neyadi, Ambassador of the UAE to Canada, left, and Dr. Yousef Al Obaidli, Director General of the Sheikh Zayed Grand Mosque Centre, as he visits Sheikh Zayed Grand Mosque Centre in Abu Dhabi, UAE, on Thursday, Nov. 20, 2025.


Prime Minister Mark Carney has concluded his visit to Abu Dhabi with a major economic breakthrough: the United Arab Emirates has pledged $70 billion in investments into Canada. The announcement marks one of the largest foreign investment commitments in Canadian history, underscoring the growing trade relationship between the two nations.

During his trip, Carney emphasized Canada’s ambition to expand its role in global innovation and resource development. He revealed that Ottawa is finalizing a $1 billion project to expand critical minerals processing capacity, a move designed to strengthen Canada’s supply of essential materials for clean energy technologies and advanced manufacturing.

The investment pledge comes at a time when Canada is seeking to diversify its trade partnerships beyond the United States. Carney highlighted Canada’s strengths in artificial intelligence, quantum computing, and life sciences, noting that the UAE’s capital infusion will help commercialize these sectors and create new jobs.

The visit also carried geopolitical weight, as discussions touched on regional instability, including the ongoing war in Sudan. Despite these challenges, Carney’s meetings with UAE leaders, including Sultan Ahmed al-Jaber of Abu Dhabi National Oil Co., reinforced a shared commitment to deepening economic ties.

This agreement signals a strategic shift in Canada’s economic policy, aligning with Carney’s broader mission to double non-U.S. exports over the next decade and attract trillions in new investment. For Canada, the UAE’s $70-billion pledge represents not only financial capital but also a vote of confidence in its future as a hub for innovation, sustainability, and global trade.

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