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...
Stock Market Update: S&P 500 and Nasdaq Futures Climb as Fed Delivers and Meta Jumps
The stock market is showing positive momentum today, with futures for the S&P 500 and Nasdaq rising. This uptick comes on the heels of encouraging signals from the Federal Reserve and strong earnings reports from Meta Platforms.
Federal Reserve’s Impact: Federal Reserve Chair Jerome Powell has bolstered market confidence by suggesting that a rate cut could be on the table for September. This has increased traders’ expectations for a potential 25-basis-point reduction, with some even speculating a 50-basis-point cut.
Meta’s Strong Performance: Meta Platforms has seen a significant boost, with its shares climbing over 7% in pre-market trading. The company’s second-quarter earnings exceeded expectations, and its optimistic third-quarter sales forecast has further fueled investor enthusiasm.
Market Reactions: The positive news from Meta and the Federal Reserve has led to a rally in tech stocks. Futures on the S&P 500 and the tech-heavy Nasdaq 100 are both up roughly 0.4%, while Dow Jones Industrial Average futures have edged up by 0.1%.
Looking Ahead: Investors are now turning their attention to upcoming earnings reports from other major tech companies, including Apple and Amazon, which are due after the bell. Additionally, the market is awaiting the release of the July jobs report, which will provide further insights into the labor market and its impact on Fed policy.
Stay tuned for more updates as the market continues to react to these developments.
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