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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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Canada Braces for Another Dazzling Aurora Display Tonight

 

                                      Another round of auroras may light up the sky across Canada tonight.


Residents across Canada may be treated to yet another breathtaking show in the night sky as geomagnetic activity is forecast to remain elevated this evening. According to aurora monitoring services, conditions are favorable for active auroras, with a strong chance of minor substorms and even the possibility of more intense bursts of light dancing across the horizon.

The northern lights, or aurora borealis, are caused by charged particles from the sun colliding with Earth’s magnetic field, creating shimmering curtains of green, purple, and red light. While the most vivid displays are expected in northern communities, skywatchers in parts of central and southern Canada could also catch a glimpse if skies remain clear.

Experts recommend heading away from city lights for the best viewing experience. With unsettled geomagnetic conditions forecast through the weekend, Canadians may have multiple opportunities to witness nature’s most spectacular light show.


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