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...
The Ripple Effect: How Trump's Tariffs Are Reshaping the Global Economy
The global economy is starting to feel the weight of tariffs imposed during Donald Trump's presidency. These trade barriers, aimed at protecting domestic industries, are now causing significant ripple effects across international markets.
The tariffs, initially introduced to boost American manufacturing, have resulted in retaliatory measures from key trading partners. Countries affected by U.S. duties have responded with their own tariffs, leading to disrupted supply chains and increased costs for businesses worldwide. Many industries, from technology to agriculture, are experiencing financial strain as they navigate these new trade hurdles.
For consumers, the impact is also noticeable. Prices on imported goods have risen, forcing households to adjust their spending. Economists warn that prolonged trade tensions could slow global growth, as uncertainty keeps businesses from investing and expanding.
Despite efforts to renegotiate trade deals, the lingering effects of Trump's tariffs remain a challenge. As global markets adapt to these policies, businesses and governments alike must find ways to mitigate their consequences while maintaining economic stability.
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