Skip to main content

Featured

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...

article

Canadian Job Market Shows Resilience: 41,000 New Jobs Added Despite Unemployment Rate Uptick


In a recent report by Statistics Canada, the Canadian job market demonstrated resilience in February. Despite the challenges posed by population growth, employers added 41,000 net new jobs during the month. These gains were primarily driven by an increase in full-time positions.

However, the unemployment rate also saw a slight uptick, rising to 5.8 per cent. This development highlights the delicate balance between job creation and population expansion. As the country continues to grow, policymakers and economists closely monitor these trends.

The services sector played a significant role in employment gains, reflecting a diverse range of industries. The Bank of Canada remains vigilant, observing labor market dynamics and wage growth as it assesses the need for any adjustments to its benchmark interest rate.

While the Canadian economy faces headwinds, the job market’s ability to generate new employment opportunities is a positive sign. As we navigate the complexities of a changing workforce, staying informed about these trends is crucial for individuals and policymakers alike.


Comments