Skip to main content

Featured

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...

article

Sparklers Blamed for Blaze at Swiss Alpine Resort

People gather by a makeshift memorial in front of the "Le Constellation" bar, after a deadly fire and explosion during a New Year's Eve party in the upscale ski resort of Crans-Montana in southwestern Switzerland.

Investigators in Switzerland say sparklers attached to champagne bottles were the likely trigger of the catastrophic fire that swept through a popular bar in the ski resort town of Crans-Montana during New Year’s celebrations. The blaze erupted shortly after midnight, rapidly engulfing the venue as guests rang in the new year.

Early findings suggest the sparklers—often used as festive bottle toppers—were held too close to the ceiling, igniting flammable materials and causing flames to spread with alarming speed. Videos from the night show partygoers carrying champagne bottles adorned with bright, crackling sparklers moments before the fire took hold.

Authorities are now examining the bar’s fire‑safety measures, building materials, and crowd capacity to determine whether negligence contributed to the tragedy. Officials have indicated that criminal charges may follow depending on the outcome of the investigation.

The incident has left the upscale mountain community in shock. Vigils have been held as families and visitors mourn the victims and await updates on those injured. The fire is now considered one of the deadliest in Switzerland in recent decades.


Comments