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Bank of Canada Rate Decision Countdown: What to Expect on July 15

  Published July 4, 2026 In eleven days, the Bank of Canada will make its fifth interest rate call of 2026. If you've got a mortgage renewing, a variable rate that moves with the Bank's decisions, or savings sitting in a high-interest account, this is the date to have circled. Here's where things stand heading into July 15, and what the smart money is expecting. Where the rate sits right now The Bank of Canada has held its policy rate at 2.25% since its last two decisions, with the Bank Rate at 2.50% and the deposit rate at 2.20%. The July 15 announcement, released at 9:45 a.m. ET, will also come with a full Monetary Policy Report, since the Bank publishes its detailed economic projections quarterly alongside the January, April, July, and October decisions. Why most economists expect another hold The case for standing pat comes down to two forces pulling in opposite directions: Inflation is running hot, but mostly for one reason. Canada's headline inflation rate jumped...
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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

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