5 Things to Know Today Your morning briefing on what's moving Canadian wallets and markets — Thursday, June 5, 2026. 1 / Benefits Your Grocery Benefit Cheque Lands Today Today is the day millions of Canadians have been watching their bank accounts for. The federal government is issuing a one-time Canada Groceries and Essentials Benefit (CGEB) top-up to more than 12 million eligible Canadians starting June 5, 2026. The payment equals roughly 50% of your annual GST/HST credit entitlement — so if you normally receive that credit, expect to see a notably larger-than-usual deposit. The numbers: a family of four could receive up to $1,890 in 2026 (including the top-up), while a single person could receive up to $950 . Your bank statement may still label the deposit as "GST/HST Credit" or "GST/HST RC150" — that's normal. The full rebrand to CGEB takes effect July 3, 2026, when the regular quarterly payments resume at a permanent 25% increase for the next five...
Investor excitement over artificial intelligence (AI) reached a new peak this week as chipmaker Nvidia defied expectations and drove stock markets in three continents to record highs. Here’s what you need to know about the remarkable surge and its implications:
The Rise of Nvidia
- Nvidia, known for its cutting-edge graphics processing units (GPUs), plays a pivotal role in the AI landscape. These chips are essential for training and operating AI systems, enabling rapid data crunching for applications like chatbots.
- As big tech firms increasingly embrace AI and create products like ChatGPT, demand for Nvidia’s infrastructure has skyrocketed.
- In its recent fourth-quarter earnings report, Nvidia surprised markets by posting revenues of $22.1 billion, surpassing expectations. The company also forecasted an impressive 233% revenue growth for the current quarter, outpacing Wall Street estimates of 208%.
- According to Nvidia’s CEO, Jensen Huang, generative AI—a technology that produces convincing text, images, and audio from simple prompts—has reached a “tipping point.”
Market Impact
- Following Nvidia’s results, several leading indices surged to fresh highs:
- Japan’s Nikkei index closed at 39,098.68, the highest level in 34 years.
- Europe’s STOXX 600, Wall Street’s Dow Jones, and the S&P 500 all hit new records.
- Nvidia itself experienced a historic milestone, with its market capitalization soaring by $277 billion in a single day. It now stands at over $1.9 trillion, making it the third most valuable company in the US, trailing only Microsoft and Apple.
- The argument is that strong demand for Nvidia GPUs will ripple across economies as the need for AI-related infrastructure and services continues to grow.
Sustainability Questions
- While the AI boom is exciting, concerns linger:
- Safety: How can we ensure responsible AI deployment?
- Jobs: Will AI displace traditional roles?
- Market Exuberance: Is the surge sustainable, or are we witnessing a speculative bubble?
In summary, Nvidia’s remarkable surge has propelled markets to unprecedented heights, but vigilance is necessary to navigate the AI revolution responsibly.
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