Skip to main content

Featured

Grocery Benefit Pays Monday, Oct. 5: What You'll Actually Get — and Who Gets $0

  The second Canada Groceries and Essentials Benefit (CGEB) payment lands Monday, Oct. 5, and it's the last one of 2026. Some households will see $222.50. Others will see nothing. Here's how to tell which group you're in. At a glance Payment date: Monday, Oct. 5, 2026 (tax-free) Maximum per payment: $169.75 single, $222.50 couple, plus $58.50 per child under 19 Based on: your 2025 tax return Next payments: January and April 2027 Check which number you're reading: yearly or per payment A lot of coverage this week quotes $679 for singles and $890 for couples. Those are the yearly maximums for the July 2026 to June 2027 benefit year, paid in four quarterly instalments. What arrives Monday is one quarter of that. Household Max per year Max per payment Single, no children $679 $169.75 Married or common-law $890 $222.50 Each child under 19 (added on) $234 $58.50 First child in a single-parent family $445 $111.25 Most households get less than the maximum The CGEB is incom...
Post a Comment
Read more

article

Labels

Meta’s AI Investment Causes Market Stir


In a bold move that sent shockwaves through the stock market, Meta Platforms Inc. announced plans to significantly increase its investment in artificial intelligence (AI) infrastructure. The Facebook and Instagram owner revealed that expenses for 2024 could soar as high as $40 billion, a figure that far exceeds market expectations.

Market Reaction Investors responded swiftly to the news, resulting in a staggering $200 billion loss in Meta’s market value within just a few hours. The company’s shares plummeted nearly 15%, as the market grappled with the implications of the tech giant’s aggressive spending strategy.

Long-Term Vision Despite the immediate financial impact, Meta’s leadership is focused on the long-term potential of AI. The company is betting big on the technology, hoping that the substantial investments will eventually translate into significant revenue growth.

Investor Concerns However, the announcement has raised concerns among investors about the timeline for these investments to bear fruit. With rising costs and an uncertain return on investment, there is growing skepticism about how long it will take for Meta’s AI initiatives to contribute positively to its bottom line.

Labels:

Comments

Post a Comment