5 Things to Know Today Your morning briefing on what's moving Canadian wallets and markets — Thursday, June 5, 2026. 1 / Benefits Your Grocery Benefit Cheque Lands Today Today is the day millions of Canadians have been watching their bank accounts for. The federal government is issuing a one-time Canada Groceries and Essentials Benefit (CGEB) top-up to more than 12 million eligible Canadians starting June 5, 2026. The payment equals roughly 50% of your annual GST/HST credit entitlement — so if you normally receive that credit, expect to see a notably larger-than-usual deposit. The numbers: a family of four could receive up to $1,890 in 2026 (including the top-up), while a single person could receive up to $950 . Your bank statement may still label the deposit as "GST/HST Credit" or "GST/HST RC150" — that's normal. The full rebrand to CGEB takes effect July 3, 2026, when the regular quarterly payments resume at a permanent 25% increase for the next five...
Stock Market Today: Dow Nears 40,000 as Stocks Regroup Near Record Highs
US stocks remained relatively unchanged on Thursday following a record-setting rally. Signs of cooling inflation have fueled expectations for a Federal Reserve rate cut in September. Here are the key highlights:
Market Performance:
- The S&P 500 (^GSPC) edged slightly higher after closing above 5,300 for the first time.
- The Dow Jones Industrial Average (^DJI) and the tech-heavy Nasdaq Composite (^IXIC) were trading near the flatline.
- All three major indices ended Wednesday at all-time highs, leaving the Dow less than 100 points away from breaking through the 40,000 mark.
Inflation and Rate Cut Speculation:
- April’s tepid consumer inflation reading brought relief to a market anticipating higher interest rates. Trader bets on a Fed rate cut in September rose to over 70%, according to the CME FedWatch Tool.
- Investors also turned to bonds, pushing the 10-year Treasury yield (^TNX) down to near one-month lows at around 4.33%.
Corporate News:
- Walmart (WMT) posted better-than-expected quarterly profit, revenue, and same-store sales. The US retail giant’s shares surged over 5% as it raised its full-year forecasts.
- Warren Buffett’s Berkshire Hathaway (BKR-B) revealed a $6.7 billion stake in Chubb (CB), ending months of suspense over a position kept concealed in regulatory filings. Chubb’s shares climbed about 8%.
Insights from Walmart’s CFO:
- Walmart’s CFO, John David Rainey, highlighted deflation in certain product categories but not disinflation. Sales in May started strong, benefiting from investments in same-day delivery and buy online, pick up in stores technology.
- Walmart’s market cap crossed the $500 billion level.
In summary, the stock market remains resilient, with investors closely monitoring inflation trends and anticipating further Fed actions. The Dow’s march toward 40,000 continues, fueled by positive corporate earnings and strategic investments.
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