Thursday, July 9, 2026 Every July, a wave of federal benefit payments resets for the new benefit year — and 2026 brings one of the biggest shifts in years. Between a permanent 25% boost to the old GST/HST credit, a fresh Canada Child Benefit increase, and the largest quarterly OAS bump of the year, millions of Canadian households will see different numbers land in their accounts this month. Here's what actually changed, and what to check in your own CRA account. The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) . It's not a new program from scratch — it runs on the same CRA infrastructure and eligibility rules — but the payment amounts are 25% higher, and that increase is locked in for five years. The first CGEB payment went out on July 3, 2026. Under the new structure: A single individual with no children can receive up to roughly $679 per year (about $170 per quart...
The financial markets have maintained their upward trajectory following the recent Federal Reserve meeting. Investors have been encouraged by the Fed’s signals of a potential pivot in monetary policy, leading to a rally in both shares and bonds.
- Global Gains: The MSCI world share index is on track for its seventh consecutive week of gains, a streak not seen in six years. European and Asian markets have also seen significant rises.
- Fed’s Dovish Stance: The Fed’s dovish outlook, coupled with Chair Jerome Powell’s remarks on the end of tightening measures, has fueled optimism. Markets are now pricing in substantial rate cuts for the coming year.
- Bond Market Rally: The 10-year Treasury yield has dipped below 4%, with a notable weekly decline, reflecting the largest drop since the early pandemic days in March 2020.
- Mixed Economic Signals: Despite positive market movements, preliminary PMI data indicates continued challenges in the euro zone economy, potentially questioning the ECB’s current stance.
This sustained market performance highlights investor confidence in the face of changing central bank policies and varied economic indicators.
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