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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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Republicans Secure House Majority, Completing Sweep into Power

 

In a significant political shift, Republicans have won enough seats to take control of the U.S. House of Representatives, completing their sweep into power alongside President-elect Donald Trump. This victory, marked by a decisive win in Arizona and a crucial seat in California, gives the GOP the 218 seats needed for a majority.

With this new majority, Republican leaders are poised to implement Trump's vision for the country, which includes extensive deportation operations, tax breaks, and a reshaping of the U.S. economy. The GOP's control of both the House and Senate ensures that Congress will support Trump's ambitious agenda, leaving Democrats with limited power to oppose it.

This marks a stark contrast to Trump's first term, where he faced resistance from within his own party and a Supreme Court with a liberal majority. Now, with a Republican-dominated Congress and a conservative Supreme Court, Trump is set to govern with fewer obstacles.

The Republican victory has sparked a sense of urgency among party leaders to swiftly enact their policies, reflecting the transformative impact of Trump's "Make America Great Again" movement on the GOP.

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