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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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Berlin’s Pressure Point: German Lawmaker Calls for Israel Sanctions Over Gaza Crisis

 

                            Germany's chancellor-in-waiting and leader of the Christian Democratic Union party Friedrich Merz

German Lawmaker Urges Tougher Stance on Israel After Gaza Visit

Siemtje Moeller, deputy leader of Germany’s Social Democratic Party (SPD), has called for potential sanctions on Israel following a recent trip to the region with Foreign Minister Johann Wadephul. Her remarks reflect growing frustration within Berlin over Israel’s handling of the humanitarian crisis in Gaza and its resistance to international pressure.

Moeller proposed measures such as suspending weapons exports and reconsidering a European Union-wide political agreement with Israel. She emphasized that the Israeli government is unlikely to change course without external pressure, stating, “If such concrete improvements fail to materialize in the near future, there must be consequences.”

She also advocated for the recognition of a Palestinian state, arguing that it should no longer be considered “taboo.” Moeller criticized Israeli claims that aid to Gaza is unrestricted, calling them unconvincing amid reports of widespread starvation and malnutrition.

Her comments come as other Western nations—including France, Britain, and Canada—signal readiness to recognize Palestinian statehood at the upcoming UN General Assembly. Germany’s response, however, remains cautious, shaped by historical sensitivities and strong pro-Israel sentiment in its media and political circles.

Moeller demanded the immediate release of hostages held by Hamas and insisted the group must be disarmed and excluded from Gaza’s political future. While her stance marks a shift in rhetoric, it remains to be seen whether it will translate into concrete policy changes within Chancellor Friedrich Merz’s coalition government.


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