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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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Trump Proposes $5 Million 'Gold Cards' for Path to U.S. Citizenship

 

In a recent announcement, President Donald Trump revealed a new initiative to replace the existing EB-5 investor visa program with a $5 million "gold card" visa. This new visa would provide wealthy foreign nationals with U.S. residency and a path to citizenship.

The EB-5 program, established in 1990, allowed foreign investors to obtain green cards by investing a minimum of $1 million in a U.S. business that created or preserved at least ten jobs. However, the program has faced criticism for fraud and inefficiency. The new "gold card" visa aims to address these issues by raising the investment threshold and ensuring that applicants are thoroughly vetted.

Commerce Secretary Howard Lutnick stated that the "Trump Gold Card" would replace the EB-5 visas within two weeks. The new program is expected to attract wealthy individuals who will contribute significantly to the U.S. economy through taxes, job creation, and investment.

Trump's proposal has sparked debate, with some praising the potential economic benefits and others questioning the ethical implications of selling citizenship. The president believes that the "gold card" visa will be a successful and lucrative program, potentially selling up to 10 million cards to reduce the national deficit.

As the program rolls out, it remains to be seen how it will impact the U.S. immigration landscape and whether it will achieve the desired economic outcomes.



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