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 The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) .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...
Stock Market Today: World Shares Mostly Advance After Wall St Comeback from Worst Loss Since 2022
Shares were mostly higher in Asia and Europe on Friday following a patchy comeback by Wall Street from its worst loss since 2022. Here are the key highlights:
- Asia:
- Tokyo: The Nikkei 225 index initially gained but later slipped 0.5% to 37,667.41. Tokyo’s core consumer price index rose 2.2% in July, adding to expectations that the Bank of Japan may raise its near-zero benchmark interest rate.
- Hong Kong: The Hang Seng edged 0.2% higher.
- Shanghai: The Composite index edged 0.1% lower.
- Seoul: The Kospi surged 0.9%.
- Taiwan: The Taiex sank 3.3% after reopening following a typhoon-related closure.
- Europe:
- Germany: The DAX edged 0.2% higher.
- France: The CAC 40 rose 0.8%.
- U.S. Futures and Oil Prices:
- U.S. futures and oil prices also saw gains.
The split performance on Wall Street saw general stocks and other previously downtrodden areas rise, while Big Tech stocks gave back some of their recent gains. Overall, markets remain volatile, influenced by global economic conditions and investor sentiment.
Remember to stay informed and consider professional advice when making investment decisions.
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