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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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Mediation Talks Between Canada Post and Union Halted Amidst Ongoing Strike



Mediation talks between Canada Post and the Canadian Union of Postal Workers (CUPW) have been suspended, as both parties remain far apart on critical issues. The federally appointed special mediator announced the suspension, stating that the parties need time to reassess their positions.

The suspension comes after nearly two weeks of strike action by Canada Post workers, which has significantly impacted the national mail service, especially with the busy holiday season approaching. Labour Minister Steven MacKinnon expressed frustration over the breakdown in negotiations and has requested both parties to meet with him to discuss the way forward.

The mediator will re-engage with both sides as soon as productive bargaining can resume. In the meantime, the union and Canada Post are urged to come back to the table with renewed resolve.

The ongoing strike and suspension of talks have raised concerns about the timely delivery of mail and packages, leaving many Canadians anxious about the potential impact on their holiday plans.




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