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U.S. Midterms Tuesday: What the Vote Could Mean for the Loonie, Tariffs and Your Portfolio

  Canadian Money Brief | Feature U.S. Midterms Tuesday: What the Vote Could Mean for the Loonie, Tariffs and Your Portfolio By MoneySavings.ca | Published November 1, 2026 Americans vote Tuesday in elections that will fill all 435 House seats and 35 Senate seats. Canadians don't get a ballot, but we do get the consequences: a loonie that swung from an 18-month low to a six-week high in about two weeks, a tariff fight that has put 50% duties on roughly US$20 billion of our exports, and a lot of U.S. stock sitting inside our TFSAs and RRSPs. Here is how to think about all of it without trying to guess the winner. The short version: Nobody can reliably trade an election result. Forecasters lean toward Democrats winning the House, with the Senate closer. But history says the bigger market moves tend to come in the months after the vote, not on election night. For Canadians, the useful steps are practical: convert U.S. dollars in pieces, know how much U.S. stock you hold, and don't...
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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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