Thursday, July 9, 2026 Every July, a wave of federal benefit payments resets for the new benefit year — and 2026 brings one of the biggest shifts in years. Between a permanent 25% boost to the old GST/HST credit, a fresh Canada Child Benefit increase, and the largest quarterly OAS bump of the year, millions of Canadian households will see different numbers land in their accounts this month. Here's what actually changed, and what to check in your own CRA account. The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) . It's not a new program from scratch — it runs on the same CRA infrastructure and eligibility rules — but the payment amounts are 25% higher, and that increase is locked in for five years. The first CGEB payment went out on July 3, 2026. Under the new structure: A single individual with no children can receive up to roughly $679 per year (about $170 per quart...
On March 21, 2024, the S&P/TSX composite index achieved a remarkable milestone, closing atnew all-time high. Simultaneously, U.S. markets continued their upward trajectory, setting records of their own.
Key Highlights:
Canadian Market Surge:
- The S&P/TSX composite index gained 41.55 points, reaching 22,087.26. This surpasses its previous record of 22,087.22 set in March 2022.
- Tech and financial stocks played a pivotal role in driving this surge, reflecting investor confidence in these sectors.
U.S. Market Momentum:
- Across the border, U.S. markets also soared:
- The Dow Jones industrial average climbed 306.46 points, closing at 39,818.59.
- The S&P 500 index rose by 30.20 points, reaching 5,254.82.
- The Nasdaq composite surged 97.44 points, closing at 16,466.85.
- Across the border, U.S. markets also soared:
Commodity Prices:
- The Canadian dollar traded at 73.93 cents US, slightly higher than the previous day.
- Crude oil experienced a dip, with the May contract down 91 cents at US$80.36 per barrel.
- Natural gas also declined, with the May contract down four cents at US$1.81 per mmBTU.
- Gold bucked the trend, rising by US$17.40 to US$2,178.40 per ounce.
- Copper remained stable, down just a penny at US$4.05 per pound.
In summary, both Canadian and U.S. markets are riding high, fueled by optimism and robust economic indicators. Investors are closely monitoring developments as we navigate these record-breaking times.
Disclaimer: The information provided is for informational purposes only and does not constitute financial advice. Always consult with a qualified professional before making investment decisions.
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