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Canada Holds Steady: Interest Rate Pause Signals Cautious Confidence

                      The Bank of Canada also held its policy rate at its last scheduled rate announcement in December. The Bank of Canada has opted to keep its key interest rate at 2.25% , a move that underscores a careful balancing act as the country approaches a pivotal moment in North American trade relations. With CUSMA (the Canada‑United States‑Mexico Agreement) negotiations on the horizon, policymakers appear intent on maintaining stability while assessing potential economic turbulence. The decision reflects a mix of optimism and prudence. Inflation has been easing gradually, giving the central bank some breathing room. At the same time, global economic uncertainty and the high stakes of upcoming trade talks mean officials are reluctant to introduce new variables into the financial system. By holding the rate steady, the Bank of Canada signals confidence in the economy’s underlying resilience while acknowledgin...
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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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