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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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Tragedy Strikes as Tropical Storm Trami Devastates the Philippines

 

The Philippines is reeling from the devastating impact of Tropical Storm Trami, which has caused massive flooding and landslides, leaving at least 126 people dead or missing. The storm, which struck the northern regions of the country on Thursday and Friday, has displaced over 500,000 residents and isolated numerous communities.

President Ferdinand Marcos addressed the nation on Saturday, expressing deep sorrow over the loss of life and the ongoing struggles faced by those affected. “Many areas remain isolated, and rescue operations are still underway,” he stated, highlighting the urgent need for aid and support in the hardest-hit regions.

The storm’s relentless rains triggered landslides that buried homes and infrastructure, complicating rescue efforts. Emergency services are working tirelessly to reach those trapped and provide essential supplies to survivors. The government has mobilized all available resources to assist in the rescue and recovery operations.

As the nation mourns, the international community has begun to offer support, with neighboring countries and global organizations pledging aid to help the Philippines recover from this catastrophic event.


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