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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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Deadly Gaza Strikes Coincide with UN Push for Two-State Solution

Smoke billows after an Israeli strike in Gaza City on Friday. Israel has said it intends to take full control of the ruined city.

At least 40 Palestinians were killed on Friday in a series of intensified Israeli airstrikes across the Gaza Strip, according to local health authorities, with the majority of casualties reported in Gaza City. The attacks come as the United Nations formally endorsed a resolution backing a two-state solution, urging both Israel and the Palestinians to resume negotiations toward ending the decades-long conflict.

Witnesses described relentless bombardments in Gaza City, where many residents have refused evacuation orders due to a lack of safe refuge. The Israeli military stated it had targeted over 500 sites this week, including tunnel entrances, weapons depots, and sniper positions, as part of its campaign to dismantle Hamas’ infrastructure.

The strikes also hit southern areas of the enclave, where displaced civilians have sought shelter. The UN and several governments have condemned the evacuation orders and called for an immediate ceasefire, citing worsening humanitarian conditions.

The escalation underscores the deep divide between diplomatic efforts at the UN and the realities on the ground, as hopes for peace remain overshadowed by ongoing violence.


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