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The GST/HST Credit Has a New Name — And It's Paying 25% More

  Sunday, July 19, 2026 If you've relied on the quarterly GST/HST credit, that name is gone for good. Here's what replaced it, how much more it's worth, and whether you need to do anything to get it. For years, the GST/HST credit quietly landed in millions of Canadian bank accounts every three months — a modest, tax-free top-up meant to offset sales tax on everyday purchases. As of this month, that program no longer exists under its old name. It's now the Canada Groceries and Essentials Benefit (CGEB) , and the federal government has permanently increased the payment by 25%, locked in for five years. If you already qualified for the GST/HST credit, you don't need to apply for anything new. But you should know what changed, because the numbers — and the timeline — are more involved than a simple rename. What actually changed The CGEB was first announced by the federal government in January 2026 as part of a broader affordability push, and it became law with the passa...
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Fed faces pressure as producer prices surge in January



The U.S. economy showed signs of inflationary pressures in January, as the Producer Price Index (PPI) for final demand rose by 0.3% month-over-month and 0.9% year-over-year, beating analysts’ expectations of 0.1% and 0.6%, respectively.

The PPI measures the average change in the prices received by domestic producers of goods and services, and is often used as an indicator of future consumer inflation. The higher-than-expected PPI in January suggests that the costs of production are increasing, which could eventually be passed on to consumers.

The PPI data comes amid growing debate over the Federal Reserve’s monetary policy stance, as some market participants fear that the central bank’s ultra-low interest rates and massive bond-buying program could fuel excessive inflation and asset bubbles.

However, the Fed has repeatedly signaled that it is not concerned about inflation, and that it will keep its accommodative policy until the economy reaches full employment and inflation averages 2% over time.

In a recent speech, Atlanta Fed President Raphael Bostic said that he does not see any need to cut interest rates further, and that he expects the Fed to start tapering its asset purchases later this year.

He also said that he is not worried about the PPI data, as he believes that the rise in producer prices is temporary and will not translate into sustained consumer inflation.

The Fed’s next policy meeting is scheduled for March 16-17, when it will update its economic projections and provide more guidance on its future actions.

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