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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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Wall Street Slips as Weak Jobs Data Fuels Economic Slowdown Fears



U.S. stocks ended slightly lower on Friday after a weaker-than-expected August jobs report intensified concerns about a slowing economy. The S&P 500 fell 0.6%, retreating from Thursday’s record close, while the Dow Jones Industrial Average and Nasdaq Composite each slipped around 0.4–0.6%.

The Labor Department reported just 22,000 new jobs for August, far below forecasts of 75,000, with downward revisions to June and July figures showing the weakest three-month hiring stretch since 2020. The unemployment rate ticked up to 4.3%, adding to evidence of a cooling labor market.

Investors now see a 100% probability that the Federal Reserve will cut interest rates at its September meeting, with growing bets on a larger-than-usual 50-basis-point reduction. Treasury yields fell sharply, with the 10-year yield dropping to its lowest level since April.

While tech stocks saw some bright spots — Broadcom surged over 10% on strong AI chip demand, and Tesla gained after unveiling a massive potential pay package for CEO Elon Musk — broader market sentiment was weighed down by recession worries.

The data capped a week of disappointing labor indicators, leaving Wall Street balancing hopes for rate cuts against fears that the slowdown could deepen.


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