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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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Early Summer Infernos Ravage Turkey and France Amid Record Heatwave

Unseasonably high temperatures have sparked devastating wildfires in parts of Turkey and France, signaling a troubling start to the summer season. Blistering heat and dry winds have fueled fast-moving blazes, forcing evacuations and overwhelming emergency services in both countries.

In southwestern Turkey, flames tore through forested areas near the coastal province of Muğla, a region known for its natural beauty and tourist appeal. Firefighters and aerial support teams are working around the clock to contain the inferno and protect nearby villages.

Meanwhile, in southeastern France, wildfires have ignited in the Provence-Alpes-Côte d’Azur region, threatening homes and displacing residents. Authorities have issued red alerts as temperatures soar well above seasonal norms, exacerbating already dry conditions following a parched spring.

Experts warn that these fires are likely just the beginning of a long and difficult summer, with climate scientists linking the early onset of extreme heat to broader patterns of global warming.


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