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The CUSMA Countdown: 24 Days to a Trade Deadline That Could Hit Your Wallet

Canada's free trade deal with the U.S. hits a mandatory review milestone on July 1. With negotiations unresolved and Washington demanding changes, here's what it actually means for your groceries, your car, and your job. MoneySavings.ca Staff Canadian Money Brief June 7, 2026 5 min read What Is CUSMA and Why Does July 1 Matter? CUSMA — the Canada-United States-Mexico Agreement — is the trade deal that keeps the North American economy humming. It replaced NAFTA in 2020 and governs the movement of trillions of dollars in goods and services across the Canada-U.S. border every year. For Canadian consumers, it's largely invisible — until it isn't. Built into the agreement is a mandatory six-year joint review, and that clock expires on July 1, 2026 . By that date, all three countries must declare whether they want to renew the deal for another 16 years, trigger annual reviews, or walk away. Whatever they decide, CUSMA technically stays in force until 2036 — but the path chose...
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Pressure Mounts on Canadian Prime Minister Trudeau Amid By-Election Defeat

 

Canadian Prime Minister Justin Trudeau is currently facing renewed pressure to step down as the leader of the Liberal Party. 

The recent by-election defeat in the Toronto-St. Paul’s riding has sparked calls for his resignation. Former Liberal minister Catherine McKenna has publicly stated that it’s time for the party to find a new leader, emphasizing the need for fresh ideas and energy. Despite this, Trudeau’s current ministers continue to stand by him, even as voters express discontent over housing and inflation.

Additionally, Liberal backbencher Wayne Long has sent an email to caucus calling for Trudeau’s resignation after the party’s loss in a traditionally Liberal riding. The situation remains tense, and Trudeau’s political future hangs in the balance. 

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