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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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Tariff Tensions Shake Premarket as Inflation Data Looms

                                         

U.S. futures are exhibiting notable jitters in premarket trading following President Trump’s latest warning on imposing additional tariffs on countries that levy duties on U.S. imports. The renewed threat is adding to an already volatile atmosphere, with investors bracing for the imminent release of key inflation data later this morning.

Market participants are expressing heightened caution as the tariff threat intensifies trade policy uncertainty. “The prospect of extra tariffs not only disrupts global supply chains but also compounds inflationary pressures,” said one market strategist. Many fear that protectionist measures could fuel higher consumer prices, especially in sectors already under pressure from rising costs.

U.S. futures for major indices—the Dow Jones, S&P 500, and Nasdaq—are showing mixed movements as traders weigh the potential economic fallout. The dollar has strengthened modestly, reflecting a flight to safety amid concerns over policy unpredictability and persistent inflation. Investors are closely watching upcoming economic reports, including the Producer Price Index, which could offer further insights into the inflationary trend.

With President Trump signaling that any country imposing duties on U.S. goods might face reciprocal tariffs, experts warn that such measures could trigger a broader trade war. This would not only escalate global economic tensions but also undermine the Federal Reserve’s efforts to maintain price stability. For now, traders remain alert, anticipating that the forthcoming inflation data could significantly influence both market sentiment and future monetary policy decisions.

As uncertainty persists, analysts advise investors to proceed with caution and keep a close eye on how these policy moves, alongside the inflation readings, may shape the trading day ahead.

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