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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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USAID Layoffs Amid Myanmar Earthquake Response Spark Controversy

In the aftermath of Myanmar's devastating 7.7-magnitude earthquake, which has claimed over 3,300 lives, three U.S. aid workers from the U.S. Agency for International Development (USAID) were unexpectedly laid off while actively participating in rescue and recovery efforts. The terminations, announced during their mission, have raised concerns about the impact of recent cuts to USAID under the Trump administration.

Marcia Wong, a former senior USAID official, expressed dismay at the timing of the layoffs, describing them as demoralizing for workers striving to deliver humanitarian aid. The administration's decision to reduce USAID staff and funding has hindered the agency's ability to respond effectively to international disasters, while other nations, including China and Russia, have stepped in with substantial assistance.

The U.S. government has pledged $9 million in aid to Myanmar, but critics argue that the dismantling of USAID has compromised the coordination and delivery of relief efforts. Secretary of State Marco Rubio defended the administration's response, citing challenges posed by Myanmar's military government.

The layoffs highlight broader concerns about the future of U.S. humanitarian aid and its role in global disaster response. As Myanmar continues to grapple with the aftermath of the earthquake, the international community is stepping up efforts to provide relief and support.

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