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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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How to Safeguard Your Finances: Tips to Avoid a CRA Audit in 2024



As the tax season approaches, ensuring compliance and minimizing the risk of a Canada Revenue Agency (CRA) audit is crucial. Follow these practical steps to keep your financial records in check and reduce the chances of unwanted scrutiny:

  1. File on Time and Accurately: Submit your tax paperwork by the April 30 deadline. Late submissions attract attention and may lead to penalties. Double-check your forms to avoid errors.

  2. Work-from-Home Expenses: With the pandemic’s impact, the CRA has revised home-office deductions. Obtain a signed T2200 slip from your employer to validate remote work. Calculate costs meticulously, considering utilities, rent, and internet bills. Remember, proportions matter!

  3. Underused Housing Tax (UHT) and Trusts**: These new rules can be complex. Seek professional advice from a CPA or tax lawyer. Ensure consistency between UHT or trust filings and your regular income tax returns.

  4. Public Interest and Availability: To qualify for inclusion in the database, your work must be of general public interest. It should have been released in cinemas, online, or on TV. Repackaged content or trailers won’t make the cut.

Remember, accurate reporting and timely submissions are your best allies. Stay informed, consult experts when needed, and keep your financial house in order. 


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