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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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A Solemn Farewell: Pope Francis's Journey to St. Peter's Basilica

In a deeply moving ceremony, the body of Pope Francis was transported from his residence at the Santa Marta guesthouse to St. Peter's Basilica in Vatican City. The 88-year-old pontiff, who passed away two days ago, was carried in an open coffin by 14 pallbearers dressed in black suits and white gloves. The procession was accompanied by red-hatted cardinals, priests, and Swiss Guards, as a male choir chanted psalms and prayers in Latin.

Thousands of mourners gathered in St. Peter's Square, breaking into applause as the coffin passed—a traditional Italian gesture of respect. The bells of the basilica tolled solemnly, marking the end of Pope Francis's 12-year papacy, which was characterized by his progressive reforms and advocacy for inclusivity.

The late pope's body will lie in state at St. Peter's Basilica for three days, allowing the faithful to pay their respects before his funeral on Saturday. His final resting place will be the Basilica of Santa Maria Maggiore, reflecting his humble wishes for a simpler ceremony.

Pope Francis's legacy as a compassionate and reformative leader continues to resonate with Catholics and admirers worldwide.

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