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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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Ottawa Orders End of Door-to-Door Mail Delivery in Canada

The federal government has announced that Canada Post will phase out door-to-door mail delivery nationwide, shifting the remaining four million households still receiving it to community mailboxes.

Public Works and Procurement Minister Joël Lightbound said the move is necessary to stabilize the Crown corporation, which has been losing billions of dollars in recent years. Canada Post reported a $407 million loss in the second quarter of 2025 alone, with overall mail volumes continuing to plummet.

Currently, about 77% of Canadians already collect their mail from community or apartment mailboxes. The transition, expected to take place over the next decade, is projected to save nearly $400 million annually. Delivery standards for non-urgent mail will also be relaxed from two-to-four days to three-to-seven days, allowing more cost-efficient ground transport.

The government is also lifting a decades-old moratorium on rural post office closures, though accommodations will remain in place for Canadians with mobility issues who require home delivery.

Lightbound emphasized that the changes are essential to prevent repeated government bailouts. “Canada Post is effectively insolvent,” he said, adding that transformation is required to ensure its survival.


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