Skip to main content

Featured

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...
Post a Comment
Read more

article

Labels

Markets Surge as Iran-Israel Ceasefire Calms Global Tensions

Global markets rallied Tuesday morning following the announcement of a ceasefire between Iran and Israel, easing fears of prolonged conflict in the Middle East. U.S. President Donald Trump confirmed the truce via social media, stating, “THE CEASEFIRE IS NOW IN EFFECT. PLEASE DO NOT VIOLATE IT!”

The news sent global equities soaring, with Asia-Pacific shares outside Japan jumping over 2%, and European indices like the Stoxx 600 gaining 1.3%. U.S. futures also pointed higher, with Nasdaq futures up 1.3% and S&P 500 futures rising 1%.

Meanwhile, oil prices tumbled as concerns over supply disruptions through the Strait of Hormuz subsided. Brent crude dropped nearly 3% to around $69.40 a barrel, while West Texas Intermediate fell to $66.48. Analysts noted that the rapid de-escalation erased much of the risk premium built into oil prices over the past week.

The ceasefire follows a tense 12-day conflict that included U.S. strikes on Iranian nuclear facilities and a limited Iranian response. With both sides signaling a pause, investors shifted focus back to economic fundamentals and upcoming central bank decisions.

As geopolitical risk recedes, attention now turns to Federal Reserve Chair Jerome Powell’s testimony before Congress, where markets will be watching for clues on potential interest rate cuts later this year.

Labels:

Comments

Post a Comment