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BoC & Fed Decision Day: TSX Rises to 36,171 as Chips Lift Wall Street

  Canada’s main stock index posted a second straight gain on Tuesday , with the S&P/TSX Composite rising 227.30 points, or 0.63%, to 36,171.49 as materials, gold miners and banks outweighed a slide in energy stocks. It sets up a crowded Wednesday: the Bank of Canada decides at 9:45 a.m. ET with markets pricing roughly a 75% to 85% chance of its first rate hike since July 2023, and the U.S. Federal Reserve follows at 2 p.m. ET. Canada: TSX Builds on Monday’s Rebound Materials jumped 3.2% and gold stocks gained 2.7%, while technology edged up 0.8%. Celestica rose nearly 12% after beating third-quarter revenue and profit estimates. The big banks climbed as Canadian bond yields eased: BMO gained 1.2%, CIBC 1.1% and Scotiabank 0.8%. Energy was the drag, falling 2.3% as crude slid. Cenovus Energy dropped 4.4% and Imperial Oil 4.2%. Consumer staples (-1.1%) and telecoms (-1.0%) also lagged. Trade headlines helped sentiment. Reuters reported that the U.S. and Canada are working on a ...
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Federal Dental Insurance Plan Details Unveiled: What You Need to Know

 

 The CDCP is a federal plan that offers dental care benefits to uninsured Canadians with a household income under $90,000. Canadians must meet certain criteria, such as not having access to dental insurance, filing a tax return, and having out-of-pocket expenses for dental care. 

The plan covers various dental services, such as cleaning, fillings, root canal treatments, and dentures. The plan will reimburse a percentage of dental procedures, but some people may have a co-payment depending on their income level.

The plan is expected to start rolling out by the end of 2023, with the first claims processed in May 2024. The plan will be administered by Sun Life, which has been awarded an Early Work Agreement by the federal government.


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