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Canada's New Grocery Benefit Starts July 3 — How Much Will You Get?

  If you've been receiving the GST/HST credit, something is changing on July 3, 2026 — and it's actually good news. The federal government is replacing the old credit with a new program called the Canada Groceries and Essentials Benefit (CGEB) , and it comes with payments that are 25% larger. More than 12 million Canadians qualify. No application is required. Here's everything you need to know before the first payment lands. What Is the CGEB? The Canada Groceries and Essentials Benefit is the federal government's replacement for the GST/HST credit, which has been around since 1991. Prime Minister Mark Carney announced the new benefit on January 26, 2026, and it received Royal Assent on February 12 under Bill C-19. The legislation commits $11.7 billion in additional support to Canadians over six years — $3.1 billion immediately through the one-time June top-up, and $8.6 billion over five years through higher quarterly payments. The name change is deliberate — it signal...
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Chinese Stocks Plummet Amid Stimulus Concerns

 

Chinese stocks experienced a significant downturn today, with the Shanghai Composite Index plummeting by 6.6%. This sharp decline comes as investors express growing anxiety over the lack of substantial economic stimulus from Beijing.

The market’s reaction follows recent rallies driven by hopes for major economic interventions. However, the latest announcements from Chinese officials have failed to meet these expectations, leading to widespread sell-offs. The CSI300 Index, which tracks the top 300 stocks in the Shanghai and Shenzhen markets, also saw a substantial drop of 5.6%.

Hong Kong’s Hang Seng Index was not spared, falling by 1.5% as investors moved to lock in profits after recent gains. The lack of new, impactful fiscal policies has left many market participants disappointed, contributing to the overall negative sentiment.

Analysts suggest that the market’s response is a clear signal of diminishing confidence in half-hearted promises and a demand for more decisive economic measures. As the situation unfolds, global investors will be closely watching for any further developments from Beijing.



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