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5 Things to Know Today — September 22, 2026

  September 22, 2026 BoC hike odds reach a coin flip. Oil retreats from four-month highs. Trump's Belarus potash play draws fire. A new federal bill speeds up major projects — with strings attached. Here's what moves your money today. 1. BoC October Hike Is Now a Coin Flip The Bank of Canada next meets October 28 , and markets are evenly split on whether it will raise rates for the first time since cutting to 2.25%. The whiplash is largely imported: after the U.S. Federal Reserve hiked 25 basis points to 3.75–4.00% on September 16 in a unanimous 12-0 vote — the first American rate increase since July 2023 — market-implied odds of a matching BoC move jumped from below 10% to roughly 60% in two weeks, according to LSEG Data & Analytics. Before the BoC's September 2 hold, odds of a hold sat at 94%. The 175-basis-point gap between the BoC (2.25%) and the Fed (3.75–4.00%) is the widest since 2022, which puts direct downward pressure on the loonie and upward pressure on Ca...
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Brian Mulroney: A Legacy of Leadership and International Diplomacy


Brian Mulroney, Canada’s 18th prime minister, passed away at the age of 84. His tenure from 1984 to 1993 left an indelible mark on Canadian history, characterized by both triumphs and challenges.

Mulroney built a strong rapport with US leaders during his time in office, improving what had been a sometimes fractious relationship between neighbors. His efforts laid the groundwork for significant treaties, including:

  1. North American Free Trade Agreement (NAFTA): As the architect of NAFTA, Mulroney tore down barriers to trade across North America. While the trade pact became a pillar of Canada’s economy, it also sparked debates about sovereignty.

  2. Environmental Initiatives: Mulroney spearheaded environmental treaties, such as the 1991 accord on acid rain signed with US President George H.W. Bush. These agreements were crucial first steps toward international climate change cooperation.

However, Mulroney’s international achievements contrasted with a more turbulent record in domestic affairs:

  1. National Sales Tax: His government introduced a widely disliked national sales tax, which faced public backlash.

  2. Constitutional Reforms: Mulroney embarked on an ill-fated attempt to renew Canada’s constitution. The failure of constitutional negotiations revived the question of Quebec separatism, leading to a 1995 referendum where voters narrowly rejected independence.

  3. Economic Struggles: A deep recession in the early 1990s proved fatal for Mulroney’s Progressive Conservatives. He left office in June 1993, and the party suffered a significant defeat in the subsequent election.

Brian Mulroney, the son of an electrician, was born in the small Quebec town of Baie-Comeau. His bilingual upbringing and legal background shaped his political journey. Despite the controversies, his ability to work closely with the US administration remains a testament to his leadership.

As Canada mourns the loss of a statesman, we remember Brian Mulroney as a champion of free trade, a bridge-builder, and a leader who left an indelible mark on the nation’s history. 

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