We investigate the dynamic interfacial deformation induced by micrometric particles exerting a periodic force on a planar interface or on a bubble, and the resulting lateral capillary interactions. Assuming that the deformation of the interface is small, neglecting the effect of viscosity and assuming point particles, we derive analytical formulas for the dynamic deformation of the interface. For the case of a planar interface the dynamic point force simply generates capillary waves, while for the case of a bubble it excites shape oscillations, with a dominant deformation mode that depends on the bubble radius for a given forcing frequency. We evaluate the lateral capillary force acting between two particles, by superimposing the deformations induced by two point forces. We find that the lateral capillary forces experienced by dynamically forced particles are non-monotonic and can be repulsive. The results are applicable to micrometric particles driven by different dynamic forcing mechanisms such as magnetic, electric or acoustic fields.