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Canada Groceries and Essentials Benefit: What You Need to Know About Tomorrow's Payment

  If you've ever received a GST/HST credit payment from the CRA, there's a good chance money is landing in your bank account tomorrow — and this time, it could be noticeably bigger than usual. On June 5, 2026 , the federal government is issuing a one-time top-up payment to more than 12 million eligible Canadians as part of the transition to the new Canada Groceries and Essentials Benefit (CGEB) . Here's what the payment is, how much you could receive, and what changes are coming in July. What Is the June 5 Payment? The June 5 deposit is a one-time GST/HST credit top-up — equal to 50% of your annual GST/HST credit entitlement for the 2025–26 benefit year. Think of it as a bonus mid-year payment on top of your regular quarterly schedule. This payment is part of the federal government's bridge between the old GST/HST credit and the new Canada Groceries and Essentials Benefit, which officially launches in July 2026. The goal is to get money into Canadians' hands now, b...
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Treasuries Extend Selloff Amid Hawkish Fed Views


The world’s largest bond market is experiencing continued turbulence as hawkish Federal Reserve (Fed) views persist. Here are the key points:

  1. Asian Stocks Under Pressure: Asian stocks are set to open lower after US shares extended their losing streak to the longest since January. Equity futures contracts in Japan, Hong Kong, and South Korea indicate early losses, while those in Australia and China gained. Investors will closely watch Asian chipmakers like Taiwan Semiconductor Manufacturing Co. and Tokyo Electron Ltd.

  2. ASML Holding NV’s Warning: Europe’s most valuable tech firm, ASML Holding NV, reported a tumble in orders during the first quarter. Its China sales are likely to be hampered by US export control measures. This news has raised concerns for semiconductor stocks.

  3. US Bond Market: Despite solid economic readings, the US bond market faces headwinds. Jerome Powell’s recent comments have dampened rate-cut expectations. However, dip buyers emerged in the Treasury market, with two-year yields dropping below 5%. A $13 billion sale of 20-year bonds also drew solid demand.

  4. Investor Sentiment: Investors remain skeptical about how much further US stocks can rally after their strong performance in the first quarter. The latest pullback occurs even as US economic data point to continued strength.

  5. Dollar and Currencies: The dollar was little changed in Asia after falling for the first time in six days. Japanese yen and Korean won have also experienced significant declines against the dollar this year.

  6. Outlook: UBS Global Wealth Management expects the yield on the 10-year US Treasury to end the year around 3.85%. The Fed’s rate cuts, though delayed, are still anticipated, leading to further bond market adjustments.

In summary, the bond market remains sensitive to Fed communications, economic data, and global events. Investors should closely monitor developments as interest rates continue to be a focal point.


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