Skip to main content

Featured

Budget 2026 Brings a Second Grocery Top-Up: Who Gets It and How Much

  Canadian Money Brief  |  Budget 2026  |  November 6, 2026 Another grocery cheque is on the way. In Thursday's federal budget, Ottawa proposed a second one-time top-up to the Canada Groceries and Essentials Benefit (CGEB), a payment worth half the benefit's annual value, expected to land in early 2027. $339 budget estimate, qualifying single person $679 budget estimate, couple with two children Early 2027 expected timing, exact date not announced $4.1B cost of the expanded program What Ottawa actually announced Budget 2026, a 511-page document titled "Masters of our Destiny," is mostly about investment and productivity. But tucked into its affordability measures is a repeat of something Canadians have already seen this year. The government proposes a one-time payment equal to half of the CGEB's annual value, and the Canadian Press reports it is expected in early 2027. A similar payment went out in June. That June payment was a one-time top-up equal to 50% of t...
Post a Comment
Read more

article

Labels

TSX rises as energy and consumer staples lead




The Toronto Stock Exchange’s S&P/TSX composite index ended up 71.66 points, or 0.3%, at 21,061.88 on Monday, approaching its 20-month high of 21,074.91 reached last week. The energy and consumer staples sectors were the main drivers of the gains, as oil prices recovered some of their losses and investors digested a Bank of Canada business survey.

The survey showed that Canadian firms saw their order books decline as interest rates crimped consumer spending, and they expected inflation to ease despite increased concerns over wages for the next year. The report could keep the door open for interest rate cuts in the first half of the year, according to some economists.

The energy sector rose 0.9% as U.S. crude oil futures settled at $72.50 a barrel, down 0.3%. The consumer staples sector added 0.8%, boosted by shares of Saputo Inc and Loblaw Co, which climbed about 1.6% and 1.5%, respectively. The utilities sector also ended 1.1% higher.

Trading volumes were lower than usual, with U.S. markets closed for the Martin Luther King Jr. Day holiday. On Tuesday, Canada will release its consumer price index report for December, which could offer more clues on the central bank’s policy outlook. Economists expect inflation to rise to 3.4% from 3.1% in November.

Labels:

Comments

Post a Comment