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 The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) .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...
- Dow’s Winning Streak: The Dow rose by approximately 0.9%, marking its seventh day of gains.
- S&P 500’s Climb: The S&P 500 gained 0.5%, breaching the 5,200 level once again.
- Labor Market’s Influence: Initial weekly jobless claims increased, suggesting a slowing job market and raising hopes for a Fed rate cut.
- Sector Performance: Real Estate and Utilities led the sectors, while Technology and Communications Services lagged behind.
Investors are closely monitoring the labor market and other economic indicators to gauge the Federal Reserve’s next moves, which could have significant implications for the stock market’s trajectory in the near future.
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