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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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Deadly Russian Strikes Shadow Zelensky’s Peace Mission in Turkey

 

Ukrainian rescue personnel and medics operate at the site of a heavily damaged residential building following Russian air strike in the city of Ternopil, on November 19, 2025.


A devastating Russian drone and missile barrage struck western Ukraine overnight, killing at least 25 people, including three children, and injuring more than 70 others. The attack targeted two nine-story apartment blocks in the city of Ternopil, located about 200 kilometers from the Polish border. Ukrainian Interior Minister Ihor Klymenko reported that many victims were burned alive, and dozens remain missing as emergency crews continue to sift through the rubble.

The assault coincided with Ukrainian President Volodymyr Zelensky’s arrival in Turkey, where he is meeting President Recep Tayyip Erdoğan in an effort to revive stalled peace talks. Zelensky condemned the strikes, writing that “every brazen attack against ordinary life shows that the pressure on Russia is insufficient.” His visit to Ankara underscores Ukraine’s urgent push for stronger international support as Russia intensifies its campaign of aerial bombardments.

The Ternopil strike is one of the deadliest attacks in weeks, hitting far from the frontlines and highlighting Moscow’s ability to target civilian areas deep inside Ukraine. Rescue workers described scenes of chaos, with fires engulfing residential buildings and chlorine levels in the air spiking dangerously after explosions ripped through the city.

Meanwhile, Zelensky’s diplomatic mission faces uncertainty. Reports suggest that key international envoys, including representatives from the United States, may not attend the Turkey talks, raising doubts about the prospects for meaningful progress.

This latest tragedy illustrates the dual battle Ukraine faces: defending its people against relentless Russian strikes while simultaneously seeking a diplomatic path to end the war. As Zelensky presses for peace abroad, the destruction in Ternopil serves as a grim reminder of the human cost of the conflict.

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