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 The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) .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...
Asian Stocks Mixed Amid Volatile Yen After Wall Street Climbs on Inflation Report
Global stocks exhibited mixed performance today, with the Japanese yen experiencing fluctuations following the latest U.S. update on inflation. Wall Street’s growing belief in potential relief on interest rates as early as September influenced market dynamics.
Key Points:
Yen Volatility: The yen oscillated between gains and losses, losing some ground against the U.S. dollar. Speculation arose that Japanese authorities might have intervened to amplify the impact of milder U.S. inflation data.
U.S. Futures: S&P 500 and Dow Jones Industrial Average futures edged 0.1% higher, reflecting optimism about interest rate relief.
European Markets: Germany’s DAX rose 0.3%, the CAC 40 in Paris gained 0.8%, and London’s FTSE 100 added 0.4%.
Asian Markets:
- Tokyo’s Nikkei 225 index declined 2.5%.
- Hong Kong’s Hang Seng index climbed 2.6%.
- Shanghai Composite index remained nearly unchanged.
- Australia’s S&P/ASX 200 rose 0.9%.
- South Korea’s Kospi slipped 1.2%.
- Taiwan’s Taiex declined 2%.
Data Releases: Watch for the U.S. producer price index and inflation readings from Germany, France, and Italy later today.
Wall Street: Despite pullbacks for some tech giants, four out of five stocks in the S&P 500 index climbed.
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