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Canadian Money Brief | Budget 2026 | November 6, 2026 Another grocery cheque is on the way. In Thursday's federal budget, Ottawa proposed a second one-time top-up to the Canada Groceries and Essentials Benefit (CGEB), a payment worth half the benefit's annual value, expected to land in early 2027. $339 budget estimate, qualifying single person $679 budget estimate, couple with two children Early 2027 expected timing, exact date not announced $4.1B cost of the expanded program What Ottawa actually announced Budget 2026, a 511-page document titled "Masters of our Destiny," is mostly about investment and productivity. But tucked into its affordability measures is a repeat of something Canadians have already seen this year. The government proposes a one-time payment equal to half of the CGEB's annual value, and the Canadian Press reports it is expected in early 2027. A similar payment went out in June. That June payment was a one-time top-up equal to 50% of t...
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Israeli Forces Near Rafah Amid U.S. Pressure
Israeli forces have gathered near Rafah, with tanks firing close to residential areas and drones monitoring the city from above. The U.S. President, Joe Biden, has threatened to withhold military aid if Israel proceeds with a full-scale invasion of Rafah. Ceasefire negotiations continue in Cairo, with various parties involved, including Hamas and Islamic Jihad, who claim to have engaged Israeli forces with anti-tank rockets and mortars.
Key Points:
- Tensions in Rafah: Israeli tanks and helicopters are active near Rafah, causing casualties and damage.
- U.S. Stance: Biden warns of withholding weapons from Israel to prevent a major invasion of Rafah.
- Ceasefire Efforts: Talks in Cairo involve multiple parties, with the U.S. playing a significant role in negotiations.
- Humanitarian Crisis: The conflict has led to a severe humanitarian situation in Gaza, with shortages of medical supplies and food, and the displacement of thousands of people.
The situation remains volatile, with ongoing military actions and diplomatic efforts to reach a ceasefire. The international community is closely watching the developments, hoping for a resolution that ensures the safety and security of all parties involved.
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