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5 Things to Know Today: Bank of Canada Decision Looms as Oil Surges

  Wednesday, September 2, 2026 — Your quick-read wallet briefing for the day. 1. The Bank of Canada Makes Its Rate Call This Morning The Bank of Canada announces its sixth rate decision of the year at 9:45am ET today, followed by a press conference with Governor Tiff Macklem at 10:30am ET. Every one of the 35 economists in a recent Reuters poll expects a hold at 2.25%, and bond markets are pricing only a 3% probability of a hike. It would be the Bank's eighth straight hold, even after July's inflation reading came in hot at 3.0% year-over-year, as the Bank weighs tariff uncertainty and Iran-driven energy costs against a surprisingly strong Q2 GDP print of 3.3%. What it means for you: A hold keeps prime rate at 4.45% and variable mortgage payments unchanged. If you're up for renewal soon, don't expect relief from Ottawa today — any rate movement this year is looking more likely to be a hike than a cut, according to two of the Big Six banks. 2. Oil Surges Near $95 on Fre...
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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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