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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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Ankara Talks Aim to Solidify Gaza Ceasefire and Reconstruction Plans

Foreign Minister Hakan Fidan will host his Egyptian counterpart Badr Abdelatty in Ankara on Wednesday.



The foreign ministers of Turkey and Egypt are set to meet in Ankara to discuss the fragile Gaza ceasefire and chart a path for post-war reconstruction. Turkish Foreign Minister Hakan Fidan will host his Egyptian counterpart, Badr Abdelatty, as both nations seek to strengthen international efforts to stabilize the enclave following years of devastating conflict.

During the talks, Fidan is expected to emphasize that despite ongoing Israeli violations, the Palestinian side has largely adhered to the ceasefire terms, managing the process constructively. Turkey, a NATO member, has been one of the most vocal critics of Israel’s military campaign in Gaza, describing it as genocide—a charge Israel denies. Alongside Egypt and Qatar, Turkey has played a central role in mediating the ceasefire and has pledged to monitor its strict implementation.

The ministers will also address the next phases of the U.S.-brokered ceasefire agreement, including mechanisms to ensure compliance and prevent renewed hostilities. A key focus will be on mobilizing global support for Gaza’s reconstruction, with Turkey reiterating its readiness to contribute resources and expertise to rebuilding critical infrastructure.

This meeting comes at a pivotal moment, as regional powers weigh how best to support Palestinians in rebuilding their shattered communities while maintaining pressure on Israel to honor ceasefire commitments. Both Ankara and Cairo view their cooperation as essential not only for Gaza’s recovery but also for broader regional stability.

By aligning diplomatic efforts, Turkey and Egypt hope to strengthen international consensus around Gaza’s future, ensuring that humanitarian aid, reconstruction, and political stability remain at the forefront of post-war planning.


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