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 The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) .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...
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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