Skip to main content

Featured

The Loonie Just Hit a 14-Month Low — Here's What It's Costing You

   Saturday, July 25, 2026 The Canadian dollar has slid to its weakest level since April 2025, and speculators are betting it has further to fall. Here's why it's happening and what it actually means for your wallet. If you've bought anything in U.S. dollars lately — a flight, an Amazon.com order, a hotel for a Florida trip — you may have noticed the exchange rate isn't doing you any favours. The Canadian dollar touched 1.4248 per U.S. dollar (about 70.2 U.S. cents ) last week, its weakest level in 14 months, before steadying closer to 1.41 . It's not just a bad week. Currency speculators have piled into bets against the loonie so aggressively that the Canadian dollar has overtaken the Japanese yen as the most heavily shorted major currency in the world, according to data from the U.S. Commodity Futures Trading Commission. Net short positions against the CAD hit roughly US$12.5 billion — the largest bearish bet on the loonie since December 2024. Why the loonie is ...
Post a Comment
Read more

article

Labels

Canada’s New Dental Care Plans: Making Smiles Brighter


The Canadian government has taken significant steps to improve access to dental care for eligible residents. Let’s explore the recent developments:

  1. Canadian Dental Care Plan (CDCP):

    • The CDCP aims to ease financial barriers to accessing oral health care for eligible Canadian residents who currently lack dental insurance.
    • It will cover some of the costs of various oral health care services.
    • Applications for the CDCP will open in phases, starting with seniors aged 87 and above in December 2023.
    • The rollout will continue, including coverage for children under 18 and adults with a valid Disability Tax Credit certificate.

  2. Canada Dental Benefit (CDB):

    • The CDB is Canada’s first iteration of a national free dental care program.
    • Eligible families will receive a tax-free payment of up to $650 per child under 12 for two years.
    • If you filed your 2022 taxes and your adjusted family net income is less than $90,000, you may receive an invitation letter to apply.

  3. Coverage Expansion:

    • The CDCP will gradually expand eligibility to include all qualifying seniors over 65 by May 2024, children under 18, and people with disabilities.
    • The goal is to provide comprehensive dental care for up to nine million Canadians who currently lack access to dental insurance.

  4. How to Apply:

    • If you’re eligible, you’ll receive a personalized application code and instructions.
    • Seniors aged 72 and over are currently receiving letters with application details.
    • If you haven’t received a letter but are eligible, online application options will be available later.
    • Trusted persons or delegates can assist with the application process.

Remember, a healthy smile contributes to overall well-being. Let’s celebrate these initiatives and work toward better oral health for all

Labels:

Comments

Post a Comment