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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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Syrian Government Faces Uncertain Future Amidst Rebel Victory

 

In a recent statement, Syrian Prime Minister Mohammed Ghazi Jalali assured the public that the government is still functioning despite the recent rebel takeover of Damascus and the departure of President Bashar Assad. Jalali emphasized that most cabinet ministers are continuing their work from their offices in the capital, and efforts are being made to ensure a smooth and quick transitional period.

The prime minister acknowledged the significant challenges ahead, both foreign and domestic. He highlighted the importance of maintaining an air of normalcy and ensuring the availability of essential supplies like food and medicine. Jalali also expressed his readiness to work with the insurgents and meet their leader, Ahmad al-Sharaa, to facilitate a peaceful transition.

The recent rebel victory marks the end of the Assad family's 50-year rule and has raised questions about the stability of the country and the region. While citizens celebrated the momentous occasion, the situation remains volatile, with various armed groups still vying for control. The international community, including the United States and Israel, has expressed cautious optimism but also concern over the potential for further instability.

As Syria navigates this critical juncture, the government's ability to manage the transition and address the looming challenges will be crucial in determining the country's future trajectory.

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