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TSX Edges Higher as Miners Rally, But Iran Tensions and Stagflation Fears Keep Markets on Edge

  Publication: moneysavings.ca / Canadian Money Brief Date: Tuesday, May 12, 2026 Market Snapshot Index / Asset Value Change S&P/TSX (Mon close) 34,139 +0.2% Gold (spot) ~$4,677 USD/oz -0.36% Crude Oil (WTI) ~$97.88 USD/bbl +2.58% CAD/USD 0.7318 +0.04% Canadian markets wrapped up Monday in the green, with the S&P/TSX Composite Index adding 0.2% to close at 34,139 — buoyed by a standout session for the mining sector but tempered by pressure on financials and a sharp selloff in Shopify. Mining leads the way Barrick Mining was the headline act of the day, surging 9.1% after delivering first-quarter profit results that beat analyst estimates. Higher gold prices helped the company more than offset a dip in production volumes. Fellow miners followed suit: Agnico Eagle climbed 1.9% and Wheaton Precious Metals gained 3.6%, reflecting continued investor appetite for Canadian gold plays at a time when bullion remains historically elevated — hovering near US$4,677 per ounce...
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Canadian Dental Care Plan: Who Qualifies?

 

The Canadian Dental Care Plan (CDCP) aims to provide essential dental coverage to those in need. To be eligible for this program, you must meet the following criteria:

  1. Canadian Residency: You must be a Canadian resident for tax purposes.

  2. Adjusted Family Net Income: Your adjusted family net income should be less than $90,000. This calculation considers various factors, including income reported on tax returns and any universal child care benefit or registered disability savings plan income received.

  3. Filed Tax Return: You must have filed your tax return in the previous year.

  4. No Access to Dental Insurance: To qualify, you must not have access to dental insurance. This includes coverage through employers, family members, pensions, professional or student organizations, or group plans from insurance companies. Even if you choose to opt out of available benefits, you are still considered to have access to dental insurance.

If you already have dental coverage through provincial, territorial, or federal government social programs, you can still qualify for the CDCP. In such cases, your coverage will be coordinated to avoid duplication or gaps in care.

Remember that providing false information on your application may result in removal from the plan, and ineligible family members may need to repay the full cost of care received through the CDCP.


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