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Canada’s Inflation Climbs to 2.4% as Gas Prices Surge to Record High

  Canada’s inflation rate accelerated to 2.4% in March , up from 1.8% in February, as the Iran war triggered the largest monthly gasoline price increase on record . Statistics Canada reported that gas prices surged 21.2% month‑over‑month , a supply‑shock response to Iran’s closure of the Strait of Hormuz and broader Middle East instability.  Energy costs were the dominant driver of March inflation, with overall energy prices rising 3.9% year‑over‑year after a sharp decline the month before. Excluding gasoline, inflation would have eased to 2.2% , highlighting how concentrated the price shock was.  Food inflation offered mixed relief: grocery prices rose 4.4% , while fresh vegetables jumped 7.8% due to difficult growing conditions. Restaurant inflation cooled sharply as last year’s tax‑holiday distortions fell out of the annual comparison.  Economists note that while headline inflation spiked, core measures remained relatively tame , giving the Bank of Canada ro...
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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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