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Canadian Markets Brief — May 22, 2026: TSX Holds Firm as Oil Breaks $100 Again

  Canadian equities closed Thursday's session in positive territory, with the S&P/TSX Composite Index rising approximately 95 points to 34,257 — buoyed by a surge in energy stocks after the price of West Texas Intermediate crude topped US$100 per barrel for the first time in weeks. The rally in oil helped offset broad weakness in gold and technology shares, keeping the TSX on track for its third consecutive year of gains. Key Numbers at a Glance Indicator Level Change S&P/TSX Composite 34,257 ▲ +95 pts (+0.28%) CAD / USD 72.50¢ US ▼ -0.22¢ WTI Crude Oil (July) US$101.77 / bbl ▲ +US$3.51 Gold (June) US$4,505.30 / oz ▼ -US$30.00 Dow Jones 49,924 ▼ -85 pts Energy Leads; Tech and Gold Lag The energy sector was Thursday's standout performer. Ongoing tensions in the Middle East — including a reported refusal by Iranian leadership to ship enriched uranium abroad despite diplomatic pressure — sent oil prices sharply higher and breathed new life into Canadian energy names. The...

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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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