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...
Market Surge Continues: Dow, S&P 500, Nasdaq Rally as Bitcoin Hits Record High
The stock market continued its impressive rally today, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all posting gains. Investors remain optimistic following recent economic developments and policy changes.
Key Highlights:
- Dow Jones Industrial Average: Up approximately 0.6%, leading the charge among major indices.
- S&P 500: Increased by 0.3%, continuing its upward trajectory.
- Nasdaq Composite: Also rose by 0.3%, driven by strong performances in the tech sector.
Adding to the market’s exuberance, Bitcoin surged past $82,000 for the first time, reflecting growing confidence in the cryptocurrency market. This milestone comes amid high hopes for a more crypto-friendly regulatory environment.
Investors are now looking ahead to upcoming consumer inflation data, which could provide further insights into the Federal Reserve’s future policy moves. The recent rate cut by the Fed has already fueled market optimism, but concerns about potential inflationary pressures remain.
Overall, the market’s positive momentum shows no signs of slowing down, with both traditional stocks and cryptocurrencies benefiting from the current economic climate.
Comments
Post a Comment