Thursday, July 9, 2026 Every July, a wave of federal benefit payments resets for the new benefit year — and 2026 brings one of the biggest shifts in years. Between a permanent 25% boost to the old GST/HST credit, a fresh Canada Child Benefit increase, and the largest quarterly OAS bump of the year, millions of Canadian households will see different numbers land in their accounts this month. Here's what actually changed, and what to check in your own CRA account. The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) . It's not a new program from scratch — it runs on the same CRA infrastructure and eligibility rules — but the payment amounts are 25% higher, and that increase is locked in for five years. The first CGEB payment went out on July 3, 2026. Under the new structure: A single individual with no children can receive up to roughly $679 per year (about $170 per quart...
Market Optimism: Stocks Surge Amid Earnings and Trade Hopes
Global stock markets experienced a significant rebound today, fueled by a combination of strong corporate earnings reports and renewed optimism over easing trade tensions. Major indices, including the Dow Jones, S&P 500, and Nasdaq, posted gains exceeding 2%, signaling a wave of investor confidence.
The rally was bolstered by better-than-expected earnings from key players such as 3M and Netflix, which outperformed market expectations. Additionally, remarks from U.S. Treasury officials hinting at potential de-escalation in trade disputes with China further lifted market sentiment. This development comes as a relief to investors who have been navigating weeks of volatility driven by tariff uncertainties and geopolitical concerns.
While the market's recovery is a positive sign, analysts caution that the road ahead remains uncertain. Factors such as ongoing trade negotiations, Federal Reserve policies, and global economic forecasts will continue to influence market dynamics in the coming weeks.
This resurgence highlights the resilience of the financial markets and the pivotal role of corporate performance and international diplomacy in shaping investor confidence.
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