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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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Ontario’s Math Struggles Spark Provincial Review of Student Testing



Ontario’s latest standardized test results reveal that math achievement remains a serious concern across the province, with many students failing to meet expected benchmarks. The Education Quality and Accountability Office (EQAO) released its 2024–2025 assessment data this week, showing that only 51% of Grade 6 students and 58% of Grade 9 students met the provincial math standard, while Grade 3 students fared slightly better at 64%.

Despite modest improvements compared to previous years, the results underscore a persistent gap in student performance. Education Minister Paul Calandra acknowledged that progress has been too slow, announcing the creation of a two-member advisory body to review Ontario’s approach to standardized testing and curriculum delivery. The review will examine whether current teaching strategies, resources, and assessment methods are effectively supporting student learning.

The EQAO results also highlighted disparities among student groups and school boards, with some communities consistently underperforming. These findings have prompted calls for stronger interventions, including targeted supports for students with special education needs and renewed investments in teacher training.

Parents and educators have expressed concern that the province’s “back-to-basics” curriculum reforms have not yet translated into significant gains. Critics argue that standardized testing alone cannot capture the full picture of student learning, while supporters insist that EQAO assessments provide an essential accountability measure.

The government’s upcoming review aims to balance these perspectives, with the goal of ensuring that Ontario students are better equipped with the math skills needed for future success. As Calandra stated, “More action is needed to support our students and help them succeed.”


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