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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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Diplomatic Tensions Between India and Canada Worry Punjab Residents

 


The recent diplomatic spat between India and Canada has left many residents of Punjab anxious about their future plans. The expulsion of diplomats from both countries, following the murder of a Sikh separatist leader, has heightened concerns among those planning to work, study, or visit family in Canada.

Students, who heavily rely on Canadian educational institutions, fear that the strained relations could lead to stricter visa regulations and reduced opportunities. Families with relatives in Canada are also worried about potential travel restrictions and the impact on their ability to visit loved ones.

Local leaders and community members are urging both governments to de-escalate the situation and find a diplomatic resolution to avoid further disruption to the lives of ordinary citizens.

The uncertainty has cast a shadow over the aspirations of many young people in Punjab, who see Canada as a land of opportunity for higher education and better career prospects. As the situation unfolds, the hope remains that dialogue and cooperation will prevail to restore normalcy and safeguard the dreams of those affected.


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