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...
Trump's Trade Diplomacy: A Step Toward Resolution with the EU
In a significant move, former U.S. President Donald Trump has expressed optimism about resolving trade disputes with the European Union (EU). This comes amidst ongoing tensions over tariffs and trade barriers that have strained transatlantic relations. Trump's announcement of a temporary 90-day pause on reciprocal tariffs exceeding 10% signals a willingness to engage in constructive dialogue.
The EU has reciprocated by suspending its planned counter-tariffs for the same duration, creating a window for negotiations. European Commission President Ursula von der Leyen emphasized the importance of this pause, describing it as an opportunity to pursue a "frictionless" trading relationship. Both sides aim to address key issues, including tariffs on steel and aluminum, agricultural subsidies, and intellectual property rights.
This diplomatic effort could pave the way for a more collaborative relationship between the U.S. and the EU, potentially setting a precedent for future trade agreements worldwide. While challenges remain, the temporary halt in tariffs offers a glimmer of hope for resolving long-standing disputes and fostering economic cooperation.
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