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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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Vatican Prepares for Historic Conclave with Chimney Installation

 

 As the world awaits the election of a new pope, Vatican workers have installed the iconic chimney atop the Sistine Chapel, a crucial step in the preparations for the upcoming conclave. This chimney will serve as the conduit for the traditional smoke signals that inform the world of the voting progress.

The conclave, set to begin on May 7, will see 133 cardinal electors gather in secrecy to cast their votes for the next leader of the Catholic Church. The ballots will be burned in a special stove, producing either black smoke to indicate no decision or white smoke to announce the election of a new pope. Thousands are expected to gather in St. Peter’s Square, eagerly watching the chimney for the historic signal.

This centuries-old tradition remains one of the most anticipated moments in Vatican history, symbolizing the transition of leadership within the Church. As the cardinals prepare for their solemn duty, the world watches with anticipation, awaiting the moment when white smoke rises, signaling the arrival of a new pontiff.

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