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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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Iran and Hezbollah Reinforce Assad Amid Rebel Offensive in Homs

As rebel forces intensify their offensive towards the strategic city of Homs, Iran and Hezbollah are stepping up their support for Syrian President Bashar al-Assad. The recent surge in rebel activity has prompted thousands of residents to flee Homs, fearing the escalating conflict.

Iran has pledged to send additional military equipment, including missiles and drones, along with more advisers to bolster Assad's regime. Hezbollah, the Lebanese militant group backed by Iran, has also dispatched supervising forces to Syria to assist in preventing anti-government fighters from seizing Homs.

The city of Homs holds significant strategic importance as it connects the capital Damascus to the coast, a stronghold of Assad's Alawite sect. Losing Homs would sever this crucial link and deal a severe blow to Assad's control over the region.

Rebels, led by the Islamist faction Hayat Tahrir al-Sham (HTS), have vowed to continue their advance, aiming to "build Syria" and bring Syrian refugees back home from Lebanon and Europe. The offensive has already seen the capture of key cities such as Aleppo and Hama, further challenging Assad's rule.

The international community watches closely as the situation in Homs unfolds, with humanitarian concerns mounting as civilians bear the brunt of the conflict. The United Nations has called for immediate humanitarian access to all civilians in need and a return to a political process to end the bloodshed.

As the conflict continues, the geopolitical stakes remain high, with Iran and Hezbollah's support for Assad underscoring the complex web of rivalries and foreign interventions that perpetuate Syria's turmoil.




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