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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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White House Frames Trump-Putin Talks as Diplomatic Listening Session

 

The White House has characterized the upcoming meeting between former U.S. President Donald Trump and Russian President Vladimir Putin as a “listening exercise,” signaling a focus on understanding Moscow’s positions rather than pursuing immediate policy decisions. According to senior aides, the encounter is intended to open channels for dialogue on issues ranging from security concerns to economic cooperation.

While officials declined to detail the full agenda, they emphasized that this meeting would serve as an opportunity to assess Russia’s perspectives first-hand. Analysts suggest that framing the talks in this way allows the U.S. side to manage expectations and avoid the appearance of prematurely committing to any agreements.

The meeting comes amid a backdrop of complex global tensions, where careful diplomatic tone-setting could influence future negotiations.


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