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 The GST/HST Credit Has a New Name — and a Bigger Payout The GST/HST credit has officially been replaced by the Canada Groceries and Essentials Benefit (CGEB) .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...
Wall Street Ends a Volatile Week Almost Where It Started
After a tumultuous week that saw sharp swings and market uncertainty, Wall Street managed to claw back some losses and finish almost where it began. Here are the key takeaways:
Steady Recovery: The S&P 500 index showed resilience, gaining 0.3% on Friday. This followed its best day since 2022, and it’s now close to erasing the brutal losses suffered earlier in the week.
Mixed Performance: The Dow Jones Industrial Average also edged up by 25 points (0.1%), while the Nasdaq composite rose 0.2%. Both indexes are still on track for slight weekly losses.
Market Factors: The Japanese yen’s sudden strengthening caused turbulence as traders scrambled out of a popular trade. Additionally, concerns about a slowing U.S. economy weighed on investor sentiment.
Upcoming Reports: Next week, investors will closely watch updates on consumer spending at U.S. retailers. These reports could drive further market swings.
In summary, Wall Street weathered a stormy week, and while uncertainties remain, it’s poised for stability as we head into the next trading days.
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