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Canada's New Grocery Benefit Starts July 3 — How Much Will You Get?

  If you've been receiving the GST/HST credit, something is changing on July 3, 2026 — and it's actually good news. The federal government is replacing the old credit with a new program called the Canada Groceries and Essentials Benefit (CGEB) , and it comes with payments that are 25% larger. More than 12 million Canadians qualify. No application is required. Here's everything you need to know before the first payment lands. What Is the CGEB? The Canada Groceries and Essentials Benefit is the federal government's replacement for the GST/HST credit, which has been around since 1991. Prime Minister Mark Carney announced the new benefit on January 26, 2026, and it received Royal Assent on February 12 under Bill C-19. The legislation commits $11.7 billion in additional support to Canadians over six years — $3.1 billion immediately through the one-time June top-up, and $8.6 billion over five years through higher quarterly payments. The name change is deliberate — it signal...
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Oil Market in for Uncomfortable Few Weeks After Drone Strike

 


On January 29, 2024, a drone strike killed three US soldiers in the Middle East, escalating regional conflicts and irritating oil markets. The attack’s near-term impact on oil supply is expected to be limited, but the situation is still volatile. Prosper Trading Academy CEO Scott Bauer and Eurasia Group Middle East Practice Head Ayham Kamel warn that this is not going to be a comfortable few weeks.

The oil market is already on its heels due to weak demand. Though geopolitical tensions could move prices, the impact appears muted as risks are already priced in. Bauer sees crude oil in a bearish macro position and is enthusiastic about the current volatility for traders, suggesting investors look to sell.

In conclusion, the drone strike has created an uncomfortable situation for the oil market. While the attack’s near-term impact on oil supply is expected to be limited, the situation is still volatile and could lead to further disruptions in the future.

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