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 The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) .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...
In a positive turn of events, US stock futures have nudged higher after the release of a robust jobs report. Here are the key highlights:
March Job Growth: Employers added 303,000 jobs, surpassing economists’ expectations. This impressive growth signals continued strength in the US labor market.
Unemployment Rate: The unemployment rate ticked back down to 3.8%, reflecting a healthy employment landscape.
Wage Growth: Wage growth also met expectations, providing further evidence of economic resilience.
Despite recent market volatility driven by surging oil prices and geopolitical tensions, investors are cautiously optimistic. The Dow Jones Industrial Average futures rose by approximately 0.2%, while S&P 500 futures gained 0.3%. The tech-heavy Nasdaq 100 futures were up by 0.4%.
However, uncertainties persist, with investors closely monitoring economic releases, corporate news, and global events. Oil prices remain near six-month highs due to escalating tensions in the Middle East.
As the market navigates these challenges, the strong jobs report offers a glimmer of hope for investors. It’s a reminder that economic fundamentals continue to play a crucial role in shaping market sentiment.
Stay tuned for further developments as the trading day unfolds.
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