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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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U.S. Military Strike Sinks Suspected Venezuelan Drug Vessel, Killing 11

U.S. President Donald Trump said in a social media post that the targeted vessel was 'transporting illegal narcotics' and 'heading to the United States.'

The United States military has carried out a strike in the southern Caribbean against a vessel allegedly transporting illegal narcotics from Venezuela, President Donald Trump announced on Tuesday. According to Trump, the operation targeted members of the Tren de Aragua gang — a group Washington has designated as a foreign terrorist organization — and resulted in the deaths of 11 people.

Trump said the strike occurred in international waters as the boat was en route toward the United States. He shared a video on social media appearing to show the vessel engulfed in flames following an explosion, though Venezuelan officials questioned the authenticity of the footage, suggesting it may have been artificially generated.

The incident marks the first known military action in the region since the recent deployment of U.S. warships to counter drug trafficking. Venezuelan President Nicolás Maduro did not directly address the strike but accused Washington of seeking control over the country’s natural resources.


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