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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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Tanzania Appoints Loyalist as Prime Minister Amid Post-Election Turmoil

 

FILE PHOTO: Tanzania’s Minister for Finance Mwigulu Nchemba, holds up a briefcase containing the Government Budget for the 2025/2026 fiscal year in the National Assembly in Dodoma, Tanzania June 12, 2025.


Tanzania’s political landscape shifted sharply this week as President Samia Suluhu Hassan appointed former finance minister Mwigulu Nchemba as the country’s new Prime Minister, following a disputed presidential election on October 29 that has sparked deadly unrest.

Parliament confirmed Nchemba’s nomination in a near-unanimous vote, underscoring the dominance of the ruling Chama Cha Mapinduzi (CCM) party. Rights groups report that hundreds of protesters were killed in post-election clashes, while opposition figures allege the toll could exceed 1,000. The government has dismissed these figures as exaggerated and has not released an official death count.

Nchemba, a longtime ally of Hassan and a cabinet member under her predecessor John Magufuli, pledged to “work diligently” in his new role. His appointment is seen as a move to consolidate Hassan’s power after her landslide victory, which opposition parties denounced as rigged due to the exclusion of key challengers.

Despite the unrest, Tanzania’s government projects 6% economic growth in 2025, driven by major infrastructure projects in transport and power generation. However, the violence has cast a shadow over these ambitions, raising questions about stability and governance in one of East Africa’s largest economies.

The international community, including the United Nations Human Rights Office, has expressed concern over the scale of the violence and urged transparency in reporting casualties. Meanwhile, Hassan has vowed to unite the country and restore calm, though tensions remain high across major cities.


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