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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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Israel Claims Major Strike on Hamas Militants in Gaza Tunnels

 

Israeli soldiers walk through what Israel's military says is an iron-girded tunnel designed by Hamas to disgorge carloads of Palestinian fighters for a surprise storming of the border.


Israel announced that its forces killed approximately 40 Hamas militants who had been trapped in tunnels beneath Rafah in southern Gaza. According to the Israeli military, the operation targeted fighters who had been hiding underground for months, with some attempting to emerge and engage in clashes before being killed.

Officials stated that around 200 militants were initially trapped in the tunnel network, though some surrendered or were eliminated in earlier confrontations. Among those killed were three local Hamas commanders and the son of a senior Hamas leader, Ghazi Hamad.

The tunnels in Rafah have long been a focal point of Israel’s military campaign, as they serve as critical infrastructure for Hamas operations. Israeli forces have concentrated efforts on dismantling these underground routes, aiming to weaken Hamas’ ability to regroup and launch attacks.

Attempts by international mediators, including U.S. officials, to negotiate a deal for the militants to lay down arms in exchange for safe passage have so far failed. Washington described the situation as a test case for broader efforts to disarm Hamas across Gaza.

The Israeli military emphasized that the operation was part of its ongoing campaign to eliminate Hamas’ underground strongholds. Meanwhile, Hamas sources confirmed some of the casualties but have not issued a full statement on the incident.

This development underscores the fragile state of ceasefire negotiations and highlights the continuing volatility in southern Gaza, where tunnel warfare remains a deadly and decisive element of the conflict.

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