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Canada Groceries and Essentials Benefit: What You Need to Know About Tomorrow's Payment

  If you've ever received a GST/HST credit payment from the CRA, there's a good chance money is landing in your bank account tomorrow — and this time, it could be noticeably bigger than usual. On June 5, 2026 , the federal government is issuing a one-time top-up payment to more than 12 million eligible Canadians as part of the transition to the new Canada Groceries and Essentials Benefit (CGEB) . Here's what the payment is, how much you could receive, and what changes are coming in July. What Is the June 5 Payment? The June 5 deposit is a one-time GST/HST credit top-up — equal to 50% of your annual GST/HST credit entitlement for the 2025–26 benefit year. Think of it as a bonus mid-year payment on top of your regular quarterly schedule. This payment is part of the federal government's bridge between the old GST/HST credit and the new Canada Groceries and Essentials Benefit, which officially launches in July 2026. The goal is to get money into Canadians' hands now, b...
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Anticipation and Reaction to Fed’s Rate Decision

 


As investors braced for the U.S. Federal Reserve’s decision, North American stock markets experienced a mixed close. The Fed maintained its key interest rate at 5.25%-5.50%, leaving the future of rate cuts uncertain. Despite this, the S&P 500 and Nasdaq dipped, while the Dow Jones and S&P/TSX Composite saw modest gains.

Fed Chair Jerome Powell’s press conference offered a glimmer of hope as he dismissed the likelihood of an immediate rate hike, causing a surge in market optimism. He acknowledged the persistent issue of inflation but expressed confidence in the progress towards the 2% target.

The labor market showed signs of normalization, with job openings at a three-year low2. Meanwhile, the earnings season is more than halfway through, with a majority of S&P 500 companies surpassing consensus expectations.

In the corporate landscape, AMD’s AI chip sales forecast led to a 9% drop in its shares, while Amazon’s AI-driven cloud growth pushed its stock up by 2.2%. Johnson & Johnson plans to proceed with a multi-billion-dollar lawsuit settlement, and Starbucks faced a significant sales forecast cut.

The energy sector took a hit due to falling oil prices and a potential Middle East ceasefire, while uranium miners saw a boost from a U.S. ban on Russian imports. Canadian manufacturing activity continued to contract, reflecting ongoing economic challenges.

In summary, the market’s response to the Fed’s decision was a complex interplay of anticipation, relief, and sector-specific movements, highlighting the intricate dynamics of financial markets.

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