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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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Rocket from Yemen Strikes Tel Aviv, Injuring 16, as Palestinians Mourn 19 Dead in Gaza

 

In the early hours of Saturday, a rocket fired from Yemen struck an area of Tel Aviv, leaving 16 people injured by shattered glass from nearby windows. The Israeli military reported that an additional 14 people sustained minor injuries as they rushed to shelters when air raid sirens sounded before the projectile hit. This attack comes less than two days after a series of Israeli airstrikes on Yemen's Houthi rebel-held capital, Sanaa, and the port city of Hodeida, which killed at least nine people.

The Houthis, an Iran-backed group in Yemen, have launched more than 200 missiles and drones during the ongoing Israel-Hamas war in Gaza. The Houthis have also been attacking shipping in the Red Sea and Gulf of Aden, stating that these attacks will not cease until there is a ceasefire in Gaza.

Meanwhile, in Gaza, mourners held funerals for 19 people, including 12 children, who were killed in separate Israeli strikes on Friday and overnight. One of the strikes hit a residential building in the Nuseirat refugee camp in central Gaza, killing at least seven Palestinians, including five children and one woman, and injuring 16 others. Another strike in Gaza City killed 12 people, including seven children and two women. Gaza's Health Ministry reported that 21 people had been killed over the past 24 hours.

The escalating violence has drawn international concern, with U.N. Secretary-General Antonio Guterres warning that both sides' attacks risk further escalation in the region and undermine U.N. mediation efforts. The situation remains tense as both sides continue to exchange fire, causing significant civilian casualties and damage.




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