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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 Secures Landmark $70B UAE Investment to Boost Critical Sectors

 

Prime Minister Mark Carney, middle, stands with Abdulrahman Al Neyadi, Ambassador of the UAE to Canada, left, and Dr. Yousef Al Obaidli, Director General of the Sheikh Zayed Grand Mosque Centre, as he visits Sheikh Zayed Grand Mosque Centre in Abu Dhabi, UAE, on Thursday, Nov. 20, 2025.


Prime Minister Mark Carney has concluded his visit to Abu Dhabi with a major economic breakthrough: the United Arab Emirates has pledged $70 billion in investments into Canada. The announcement marks one of the largest foreign investment commitments in Canadian history, underscoring the growing trade relationship between the two nations.

During his trip, Carney emphasized Canada’s ambition to expand its role in global innovation and resource development. He revealed that Ottawa is finalizing a $1 billion project to expand critical minerals processing capacity, a move designed to strengthen Canada’s supply of essential materials for clean energy technologies and advanced manufacturing.

The investment pledge comes at a time when Canada is seeking to diversify its trade partnerships beyond the United States. Carney highlighted Canada’s strengths in artificial intelligence, quantum computing, and life sciences, noting that the UAE’s capital infusion will help commercialize these sectors and create new jobs.

The visit also carried geopolitical weight, as discussions touched on regional instability, including the ongoing war in Sudan. Despite these challenges, Carney’s meetings with UAE leaders, including Sultan Ahmed al-Jaber of Abu Dhabi National Oil Co., reinforced a shared commitment to deepening economic ties.

This agreement signals a strategic shift in Canada’s economic policy, aligning with Carney’s broader mission to double non-U.S. exports over the next decade and attract trillions in new investment. For Canada, the UAE’s $70-billion pledge represents not only financial capital but also a vote of confidence in its future as a hub for innovation, sustainability, and global trade.

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