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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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History in the Making: Botswana Unearths 2,492-Carat Diamond

 

In a remarkable discovery, Botswana has unearthed the largest diamond found in over a century. The colossal 2,492-carat stone was recently revealed at a viewing ceremony in Gaborone, the country’s capital. This extraordinary find, weighing approximately half a kilogram, marks a historic moment for Botswana and the diamond industry.

The as-yet-unnamed diamond was presented to the world by Botswana’s President, Mokgweetsi Masisi. His awe-struck reaction—“It is overwhelming. I am lucky to have seen it in my time”—captures the significance of this remarkable gem. Senior government officials were equally amazed, gathering to take a closer look at the fist-sized wonder.

The diamond was recovered from the Karowe Mine in central Botswana by Lucara Diamond Corp., a Canadian mining company. Using advanced X-ray technology, Lucara identified this “exceptional” rough diamond, which remains intact and of high quality. While its value is yet to be determined, it already holds a place in history as the largest diamond found in 119 years.

For context, the famous Cullinan Diamond, discovered in South Africa in 1905, weighed 3,106 carats and was cut into gems that now adorn the British Crown Jewels. Botswana, known for its natural diamond production, continues to make headlines with its remarkable finds. As the second-biggest producer of natural diamonds globally, the country has consistently unearthed some of the world’s most significant stones. 

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