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...
China Calls for Dialogue Amid Market Turmoil Following US Tariffs
China has responded to the recent market upheaval caused by U.S. President Donald Trump's tariffs, stating that "the market has spoken" in rejecting the trade measures. The tariffs, which include a 34% levy on Chinese goods, have escalated tensions between the world's two largest economies. In retaliation, China imposed similar tariffs on U.S. goods and introduced export restrictions on rare earth materials.
The global stock markets reacted sharply, with significant losses marking the biggest downturn since the pandemic. The S&P 500, for instance, dropped by 9% over the week. Chinese foreign ministry spokesperson Guo Jiakun emphasized the need for "equal-footed consultation" to resolve trade differences and urged the U.S. to reconsider its approach.
Chinese commerce associations have also called for unity in exploring alternative markets, warning that the tariffs could exacerbate inflation in the U.S. and increase the likelihood of a recession. The trade dispute continues to unfold, with both sides showing no immediate signs of backing down.
Comments
Post a Comment