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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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A Historic Prayer: King Charles and Pope Leo Unite in Faith After 500 Years

Britain's King Charles speaks with Pope Leo XIV in the courtyard of San Damaso, as Queen Camilla stands next to them, following an ecumenical prayer in the Sistine Chapelle led by the Pope and Archbishop of York Stephen Cottrell, at the Vatican.

In a moment steeped in symbolism and history, King Charles and Pope Leo came together in joint prayer — the first such occasion in half a millennium. The gathering, held within the hallowed walls of a centuries-old cathedral, marked a powerful gesture of reconciliation and unity between the British monarchy and the papacy.

Observers described the atmosphere as reverent and deeply moving, with both leaders emphasizing the importance of dialogue, humility, and shared values in a world often divided by conflict. The prayer was not only a spiritual act but also a reminder of the enduring ties between faith and leadership, bridging traditions that have long stood apart.

Historians note that such a meeting would have been unthinkable in previous centuries, when political and religious rifts defined relations between the crown and the Vatican. Today, however, the joint prayer stands as a testament to the possibility of healing and cooperation across divides.

As the echoes of their words filled the cathedral, many saw the moment as a beacon of hope — a reminder that even after 500 years, bridges can be rebuilt.


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