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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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Deadly Car Bomb Targets Pakistani Military Convoy Near Afghan Border

At least 13 Pakistani soldiers were killed and nearly 10 others critically wounded on Saturday when a car packed with explosives rammed into a military convoy in the Mir Ali area of North Waziristan, near the Afghan border.

According to local officials and intelligence sources, the blast was powerful enough to shake nearby homes and cause structural damage. Witnesses described a massive explosion followed by plumes of smoke rising into the sky. The wounded soldiers were airlifted to a military hospital for urgent treatment.

No group has claimed responsibility for the attack. The region has long been a hotspot for militant activity, with several Islamist groups operating across the porous border. Pakistani authorities have accused militants of using Afghan territory to launch cross-border attacks, a claim Kabul denies.

The Pakistani military has yet to issue an official statement. The attack underscores the persistent security challenges in the tribal belt, despite multiple military operations aimed at dismantling militant networks.

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