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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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Tragedy Strikes Bow Glacier Falls: Rock Slide Claims One Life, Injures Three

A devastating rock slide near Bow Glacier Falls in Banff National Park has left one person dead and three others injured, according to officials. The incident occurred around 1:30 p.m. on Thursday, approximately 37 kilometers north of Lake Louise along the Icefields Parkway.

Multiple hikers were caught in the sudden rockfall while exploring the popular trail. Emergency crews, including Parks Canada, RCMP, STARS Air Ambulance, and local fire departments, responded swiftly to the scene. Two of the injured were airlifted to Foothills Medical Centre in Calgary, while another was transported by ground ambulance.

Eyewitnesses described a terrifying moment as a large section of rock broke away from the mountainside, sending debris tumbling down the slope. One hiker recounted sprinting for safety as a massive dust cloud engulfed the area.

Search and recovery operations continued into the evening, with drones and rescue dogs deployed to ensure no one else was trapped. Parks Canada has issued temporary closures around Bow Lake and urged visitors to avoid the area while recovery efforts are underway.

Officials have extended their condolences to the victims and their families, calling the event a heartbreaking reminder of the unpredictable power of nature.

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