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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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Intensified Immigration Raids Target New Orleans

 

Federal agents began hitting the streets of New Orleans on Wednesday in the Trump administration's latest immigration crackdown across the U.S., looking to round up immigrants accused of violent crimes, a U.S. Homeland Security official said.


The Trump administration has launched a new wave of immigration enforcement actions in New Orleans, marking the latest escalation in its crackdown on undocumented immigrants. Federal agents conducted coordinated raids across the city, focusing on workplaces and neighborhoods with large immigrant populations.

Officials stated the operation was part of a broader national strategy to enforce immigration laws more aggressively. Supporters argue the measures are necessary to uphold border security and deter illegal entry. Critics, however, warn that such raids instill fear in immigrant communities, disrupt families, and strain local economies.

Community organizations in New Orleans have mobilized to provide legal assistance and support for affected families. Advocacy groups continue to call for comprehensive immigration reform, emphasizing the need for policies that balance enforcement with humanitarian protections.


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