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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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Heat Wave Sweeps Ontario and Quebec: Record-Breaking Temperatures and Health Risks

 


As the mercury soars into the 30s across Ontario and Quebec this week, residents are bracing for an extended period of extreme heat and humidity. Humidex levels are stretching into the 40s, posing health risks for everyone. Here’s what you need to know:

  1. Health Impacts: Extreme heat can lead to heat exhaustion and heat stroke. Stay hydrated, avoid strenuous outdoor activities, and be vigilant about heat-related symptoms.

  2. Record-Breaking Heat: A strong ridge of high pressure over the eastern U.S. and the Great Lakes is driving this heat wave. Hot, muggy winds from the Gulf of Mexico add tropical humidity. Humidex values could reach the mid-40s in Greater Toronto, Hamilton, Ottawa, and Montreal, challenging records set during the 2018 heat wave.

  3. Air Quality Concerns: The stagnant, humid air mass may deteriorate air quality. Scattered thunderstorms could provide temporary relief, but overall, we’re in for sweltering days and sticky nights.

Remember to take precautions, stay informed about weather alerts, and prioritize your well-being during this intense heat wave. 

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