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CUSMA Wasn’t Renewed: The 10-Year Clock Now Running on Your Job, Prices and Savings

  Canadian Money Brief | Feature CUSMA Wasn't Renewed: The 10-Year Clock Now Running on Your Job, Prices and Savings By MoneySavings.ca | Published November 2, 2026 Quick quiz: is Canada's free trade deal with the United States still in place? The honest answer is yes and no. The agreement known here as CUSMA is still in force, but since July 1 it has been on a different footing, and the way it plays out over the next decade matters to your paycheque, your grocery bill and your savings. Most of us missed the moment because nothing visibly changed that day. That is exactly why it deserves a closer look, especially with the federal budget arriving Thursday. The short version: CUSMA did not end. It moved from a long-term deal to a deal that gets reviewed every year until 2036. Roughly 90% of what Canada sells to the U.S. has been crossing the border tariff-free because of it, so each annual review is a chance for that protection to be tested. For households, this is a slow-burn r...
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Stock Market Slump: Dow, Nasdaq, and S&P 500 Slide as Treasury Yields Hit Highest Level Since July

 

The U.S. stock market experienced a notable downturn today as the Dow Jones Industrial Average, Nasdaq Composite, and S&P 500 all recorded losses. This decline comes amid rising Treasury yields, which have reached their highest levels since July.

The S&P 500 dropped over 0.5%, while the Dow Jones Industrial Average fell by more than 120 points, or approximately 0.3%. The tech-heavy Nasdaq Composite also slid by around 0.6%.

Investors are reacting to a recent bond-market selloff and are bracing for the upcoming wave of earnings reports. The 10-year Treasury yield steadied around 4.2% after Monday’s sharp gains pushed it above this level for the first time in months.

The market’s performance is being influenced by growing doubts about the Federal Reserve’s future interest rate decisions. Strength in the economy, cautious statements from Fed officials, and concerns about the fiscal impact of the upcoming presidential election are contributing to the uncertainty.

Despite the broader market decline, some companies have shown resilience. General Motors, for instance, raised its guidance for the third time this year, thanks to strong electric vehicle sales, which helped the company beat quarterly profit and revenue expectations.

As investors navigate these turbulent times, the focus remains on the Federal Reserve’s next moves and the ongoing earnings season, which could provide further insights into the market’s direction.


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