Skip to main content

Featured

5 Things to Know Today: Fed Decision Looms, TSX Slides, Gas Prices Climb (Sept 16)

  Wednesday, September 16, 2026 The Fed's biggest decision in years lands at 2 p.m. ET today, the TSX and loonie are both licking their wounds, and drivers are paying more at the pump despite the gas tax holiday. Here's what's moving your money this morning. 1. The Fed Decides on Rates Today — and a Hike Looks All but Certain The Federal Reserve announces its rate decision at 2 p.m. ET, with Chair Kevin Warsh's press conference to follow at 2:30 p.m. Markets have priced in over 90% odds of a 25-basis-point hike, which would lift the target range to 3.75%–4.00% from 3.50%–3.75%, where it's sat since December. It would be the first hike of this cycle, driven by inflation still running above target even as the labour market holds up. What it means for you: A Fed hike widens the gap with the Bank of Canada's 2.25% rate, which tends to pressure the loonie lower and nudge Canadian bond yields — and by extension fixed mortgage pricing — upward. Watch for the reaction ...
Post a Comment
Read more

article

Labels

Federal government unveils new dental insurance plan for low- and middle-income Canadians

 

The federal government has announced the details of its new dental insurance plan, which will offer dental benefits to low- and middle-income Canadians who do not have private insurance.

The plan, which was a condition of the Liberals’ supply-and-confidence deal with the NDP, will be phased in gradually over 2024, starting with seniors over the age of 87, then children under 18 and people with disabilities, and finally all eligible Canadians in 2025.

The program will cover preventive teeth cleanings, treatments and removable dentures, and will be administered by Sun Life Assurance Company of Canada. The government expects the plan to benefit about 9 million people and cost $13 billion over the first five years.

To qualify, applicants must be Canadian residents with a household income under $90,000 and no private insurance. The government will check the criteria against tax filings and require employers to report on dental coverage. People who do not file their income taxes will not have access to the program.

The government said the plan will complement existing federal and provincial dental health benefits, but it is still negotiating with individual provinces on which program will be the primary payer.

The Liberals said the plan is part of their commitment to build a more inclusive and fair society, and to address the oral health needs of millions of Canadians who cannot afford dental care.

Labels:

Comments

Post a Comment