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...
US Futures Rise After CPI Data, Fed Signals
Investors are closely watching the stock market today as US futures tiptoe higher following the release of the latest Consumer Price Index (CPI) data. The Federal Reserve’s looming decision on interest rates adds to the anticipation.
Key Points:
- CPI Snapshot: Economists expect the month-over-month Core CPI to have risen, providing insight into inflation trends.
- Fed’s Stance: Federal Reserve Chair Jerome Powell has signaled that rate cuts are coming, despite inflation ticking up in February.
- Market Reaction: S&P 500 futures climbed 0.3%, Nasdaq 100 futures rose 0.6%, and Dow Jones Industrial Average futures gained 0.2%.
- Gold Surges: The gold price surpassed $2,200 an ounce for the first time.
- Micron Technology Soars: Micron Technology shares surged as much as 18% in premarket trading due to strong demand from AI companies.
Stay tuned for further updates as the Fed’s double whammy—CPI and interest rate decisions—unfolds.
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