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   September 22, 2026 Stocks surged Monday as a 4.5% drop in oil prices and a powerful AI-chip rally sent the Nasdaq Composite to its 21st record close of 2026. The TSX added more than 200 points, Wall Street posted its best session since early August, and European and Asian markets joined the broad advance — all as diplomats gathered in New York for the UN General Assembly with eyes on a possible US-Iran meeting that could ease the energy shock that has rattled global portfolios all month. 🍁 Canada — TSX & Loonie Index / Asset Close (Mon Sept 21) Change Notes S&P/TSX Composite 36,009.40 +202.75 / +0.57% Tech & mining led; energy lagged Canadian Dollar 71.32¢ US -0.10¢ USD/CAD ~1.4019 Bank of Canada Rate 2.25% HOLD BoC held Sept 17; next decision Oct 28 The TSX shook off the previous week's malaise — the index had shed roughly 2% across the four sessions ending September 18 — and closed Monday at 36,009.40, a gain of 202.75 points or 0.57%. Technology and mining s...

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Calgary Dentist Faces Prison for $680K Insurance Fraud

 

Calgary dentist Alena Smadych pleaded guilty to fraud in June, admitting to falsely billing insurance companies when she was the owner of a local dental clinic


A Calgary dentist who admitted to defrauding insurance companies of more than $680,000 could spend up to three years in prison, according to Crown prosecutors.

Dr. Alena Smadych, former owner of All About Family Dental, pleaded guilty to fraud earlier this year after submitting falsified claims to multiple insurers between 2013 and 2023. Initially, she admitted to more than $125,000 in phoney billings to Sun Life and Blue Cross, but subsequent investigations revealed additional fraudulent claims totaling $558,000 across three more companies.

The Crown argued during Friday’s sentencing hearing that Smadych’s actions represented a decade-long scheme that undermined trust in the insurance system. Her clinic was once the highest billing practice in Canada for root canals, raising red flags that eventually led to investigations.

Justice Gord Wong heard that Smadych has since made full restitution to the affected companies, but prosecutors maintain that the seriousness of the fraud warrants a custodial sentence. The defence is expected to argue for a lighter penalty, citing her cooperation and repayment.

The case highlights growing concerns about insurance fraud in the healthcare sector, where inflated or falsified claims can cost companies—and ultimately patients—millions. A final sentencing decision is expected in the coming weeks.

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