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Canada Groceries and Essentials Benefit: What You Need to Know About Tomorrow's Payment

  If you've ever received a GST/HST credit payment from the CRA, there's a good chance money is landing in your bank account tomorrow — and this time, it could be noticeably bigger than usual. On June 5, 2026 , the federal government is issuing a one-time top-up payment to more than 12 million eligible Canadians as part of the transition to the new Canada Groceries and Essentials Benefit (CGEB) . Here's what the payment is, how much you could receive, and what changes are coming in July. What Is the June 5 Payment? The June 5 deposit is a one-time GST/HST credit top-up — equal to 50% of your annual GST/HST credit entitlement for the 2025–26 benefit year. Think of it as a bonus mid-year payment on top of your regular quarterly schedule. This payment is part of the federal government's bridge between the old GST/HST credit and the new Canada Groceries and Essentials Benefit, which officially launches in July 2026. The goal is to get money into Canadians' hands now, b...
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Wall Street Wavers Amid Tech Sector Turmoil and China Trade Concerns

 

Wall Street experienced a mixed opening on Thursday, following a significant downturn in the technology sector due to escalating trade tensions with China. Premarket trading showed varied results, with the Dow Jones Industrial Average futures dipping by 0.2%, while S&P 500 futures rose by 0.2%. The tech-heavy Nasdaq, which had its worst day since 2022, managed a slight rebound of 0.4%.

The market’s volatility was largely driven by concerns over potential new trade restrictions. Reports indicated that U.S. President Joe Biden is considering stringent measures against companies like ASML and Tokyo Electron if they continue to supply advanced semiconductor technology to China. This news sent shockwaves through the tech sector, with shares of Tokyo Electron plummeting 8.8% and other chip-related stocks also taking a hit.

In addition to the tech sector’s woes, Domino’s Pizza saw a significant drop of over 10% after announcing lowered expectations for store openings this year. Conversely, Chuy’s Holdings surged by 47% following the announcement of its acquisition by Darden Restaurants in a $605 million deal.

European markets showed modest gains, with France’s CAC 40 up 0.5%, Germany’s DAX inching up 0.2%, and Britain’s FTSE 100 adding 0.6%. Meanwhile, Japan’s Nikkei 225 index closed down 2.4%, reflecting the broader concerns over trade and currency fluctuations.

As the day progresses, investors will be closely monitoring developments in trade policies and their potential impact on the global economy.


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