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...
The stock market exhibited a mixed performance today as investors recalibrated following last week’s tumultuous rally. Wall Street’s attention is now keenly focused on the health of the US economy and the impending inflation data. Here are the key highlights:
- After a robust run-up last week, stocks have lost some of their momentum. The Dow Jones Industrial Average closed just below 0.3%, while the S&P 500 picked up late trading momentum to finish around 0.2%. The Nasdaq Composite led the major indices, closing up roughly 0.4%.
- Bitcoin (BTC-USD) stole the spotlight, surging past $57,000 for the first time in over two years. The recent rally was partly fueled by MicroStrategy’s massive $155 million Bitcoin purchase. The cryptocurrency market continues to attract institutional money, and financial advisors are diligently guiding investors into the crypto space. Expect further catalysts from strong demand for spot Bitcoin ETFs in the coming months.
- This week, earnings reports from major retailers take center stage. Notable names include:
- Domino’s: The pizza delivery giant beat Wall Street’s sales and profit targets, propelling its stock up by 6.5%.
- Zoom: The video conferencing company is set to report after the bell.
- Amazon.com: Officially joins the 30-company Dow Jones industrials, replacing Walgreens Boots Alliance.
- Uber Technologies Inc.: Replaces JetBlue Airways Corp. on the Dow Jones Transportation Average, enhancing the index’s tracking of the ride-sharing sector.
- Other retailers reporting include Lowe’s, Dollar Tree, Macy’s, and Best Buy.
- Keep an eye out for economic data releases:
- Consumer Confidence
- Inflation Reports
- US Economic Growth Update: The pace of growth in the United States during Q4 2023 will be revealed on Wednesday.
- The Federal Reserve’s ongoing efforts to tame inflation remain a critical factor.
In summary, Wall Street’s cautious optimism persists, with Bitcoin’s meteoric rise adding intrigue to the market landscape. As we await further economic indicators, investors remain vigilant in navigating this dynamic environment.
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