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5 Things to Know Today: New Grocery Benefit, Bigger OAS Cheques and a Trade Deadline

  July 1, 2026 — Your quick morning briefing on what's moving Canadian wallets today. Happy Canada Day! Between a brand-new grocery benefit, bigger government cheques, and a high-stakes trade meeting in Ottawa, there's a lot happening behind the fireworks. Here are the five things every Canadian should know today. 1. The Canada Groceries and Essentials Benefit officially launches Starting July 3, the new Canada Groceries and Essentials Benefit (CGEB) replaces the GST/HST credit, delivering quarterly payments that are 25% higher than before. The boost is meant to run for five years and will land alongside the July, October, January, and April payment cycle. You don't need to apply — eligibility is calculated automatically from your 2025 tax return, so filing on time matters more than ever this year. 2. OAS gets its biggest quarterly bump of 2026 Old Age Security payments rise 1.2% for the July-to-September quarter — the largest cost-of-living adjustment seniors have seen so ...

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Differing Reactions: Mexico Shows Commitment While Canada Misreads Tariff Mandate

 

The White House has observed a stark contrast in responses to President Trump’s latest tariff order. In official remarks on Monday, senior economic adviser Kevin Hassett noted that Mexico has demonstrated a “very, very serious” approach to meeting the conditions outlined in the executive order. In contrast, Canadian officials and commentators have interpreted the tariff imposition as the start of an all-out trade war.

The tariffs—imposed on goods from Mexico, Canada, and China—are part of a broader U.S. strategy aimed at curbing illegal immigration and the flow of fentanyl into the country. Hassett stressed that while the measures are designed to pressure trading partners to address these issues, “Canadians appear to have misunderstood the plain language of the executive order,” suggesting that Canada’s reaction is disproportionate compared with Mexico’s measured response.

Mexican President Claudia Sheinbaum, for her part, has maintained a calm and pragmatic stance, indicating readiness to negotiate and implement additional steps if required. U.S. officials believe that this cooperative posture could help de-escalate tensions and set the stage for further discussions.

Critics on both sides warn that misinterpretations and overreactions could have serious economic repercussions. As the debate over tariffs continues, the administration appears keen to highlight Mexico’s commitment as a model of compliance—contrasted sharply against what it views as Canada’s excessive alarm.


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