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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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May Housing Market: Sales Decline Amid Record High Prices

 

In May, sales of previously owned homes declined for the third consecutive month as prices hit an all-time high. Year-over-year sales were down by 2.8%¹. The median home price in the US reached $419,300, contributing to the slowdown in home sales due to elevated interest rates. 

Lawrence Yun, chief economist at the National Association of Realtors (NAR), expressed surprise at the lack of a spring recovery. Only the Midwest saw an increase in home sales, while other regions remained flat or experienced monthly declines. Despite the market's softer conditions, homes still received multiple offers, and first-time buyers' share of purchases surpassed 30% for the second straight month³. It's a complex market situation, but I hope this summary sheds some light on the current trends! 




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