Good morning! Welcome back to Queen Street Analytics' weekly roundup of regulatory developments, legislative discussions, political announcements and other government-related news concerning healthcare providers, doctors, physicians, clinicians, pharmacies and pharmacists, dentists, and old-age care providers.

Every Monday, we break down the most important updates in this space in under five minutes.

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Start Date: 2025-03-01
End Date: 2025-03-08

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Canada Invests $14.3 Million to Address Healthcare Labour Shortages

The Government of Canada announced a $14.3 million investment to address healthcare labour shortages through the Foreign Credential Recognition Program (FCRP). This funding will aid internationally educated health professionals in entering the workforce, providing necessary support and training. The initiative is expected to benefit over 3,500 participants, easing workforce pressures and improving patient care across the nation.

Sources: Announcements: www.canada.ca, Announcements: www.canada.ca

Pharmacare Agreement with Prince Edward Island

The federal government signed a $40 million pharmacare agreement with Prince Edward Island to enhance access to medications. The initiative will cover contraceptives, diabetes medications, and rare disease drugs, benefiting over 57,000 Islanders. Coverage is set to begin on May 1, 2025, marking progress toward universal drug access.

Sources: Announcements: www.canada.ca