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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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Cooling Rents: Relief for Tenants as Prices Drop Across Canada

Average rent prices across Canada in September 2025 fell 3.2 per cent year over year from record highs in 2024, according to a report.

After years of relentless increases, Canada’s rental market is finally showing signs of easing. According to the latest data from Rentals.ca and Urbanation, average asking rents in September 2025 fell 3.2% year-over-year, marking the 12th consecutive month of decline.

The steepest drops were recorded in Calgary and Vancouver, where new apartment completions and shifting demand have pushed prices down more sharply than in other major cities. Alberta and British Columbia, in particular, saw declines of over 5% compared to last year.

Experts point to a combination of factors driving the trend:

  • Record-high apartment completions, boosting supply
  • Reduced population growth among non-permanent residents
  • A weakening job market, softening demand

For renters, this shift offers long-awaited relief after years of affordability challenges. While it remains to be seen how long the trend will last, the current cooling suggests a more balanced rental market may be emerging across Canada.


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