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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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Senate Strikes Deal to End Shutdown Amid Democratic Divisions

 

Sen. Angus King (I, Maine), Sen. Maggie Hassan (D, N.H.), Sen. Catherine Cortez Masto (D, Nev.), Sen. Jeanne Shaheen (D, N.H.), and Sen. Tim Kaine (D, Va.), at a news conference at the U.S. Capitol on Nov. 9, 2025.

In a late-night breakthrough, U.S. senators reached a bipartisan agreement to end the government shutdown, averting further disruption to federal services and workers. The deal, forged after days of tense negotiations, will fund the government through the coming months while setting the stage for broader debates on spending and immigration policy.

While the agreement drew relief from many lawmakers eager to restore normal operations, it also exposed fractures within the Democratic caucus. Some members supported the compromise as a pragmatic step forward, while others criticized it as a retreat from key priorities. The split highlights the challenges Democrats face in balancing progressive demands with the realities of divided government.

Republican leaders hailed the deal as proof that bipartisan cooperation remains possible, even in a polarized climate. Yet with larger budget battles looming, the truce may prove temporary, leaving both parties bracing for renewed clashes in the months ahead.


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