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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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Gaza Ceasefire Commences After Delay, Hopes Rise for Peace and Hostage Release

 

After a tense delay, a long-awaited ceasefire between Israel and Hamas has finally come into effect in the Gaza Strip. The ceasefire, which was initially set to begin at 8:30 a.m. local time, was delayed by three hours due to disagreements over the release of hostages. The truce, which started at 11:15 a.m., aims to halt the ongoing violence and facilitate the gradual release of hostages held by Hamas.

The ceasefire deal, brokered by the United States, Qatar, and Egypt, is seen as a significant step towards ending the 15-month conflict that has resulted in the deaths of over 46,800 Palestinians and extensive destruction in Gaza. The agreement includes the release of 33 Israeli hostages in exchange for 1,904 Palestinian prisoners and detainees.

Despite the delay, celebrations erupted across Gaza as some Palestinians began returning to their homes. The ceasefire is expected to bring much-needed humanitarian aid to the war-torn region, with 600 trucks of aid set to enter Gaza daily.

The first phase of the ceasefire will see the release of three female hostages later on Sunday, with additional hostages expected to be freed in the coming days. The hope is that this ceasefire will pave the way for lasting peace and reconciliation in the region.



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