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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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Canada Opens New Consulate in Greenland, Marking a Milestone in Arctic Diplomacy

 

Foreign Affairs Minister Anita Anand, front centre, helps raise the Canadian flag at the new Canadian consulate in Nuuk, Greenland, on Friday. 


Canada has officially inaugurated its new consulate in Nuuk, Greenland, a move that underscores the country’s growing commitment to Arctic cooperation and northern diplomacy. The opening ceremony was led by Governor-General Mary Simon, whose long-standing advocacy for Inuit and circumpolar collaboration added symbolic weight to the event.

The ceremony featured the raising of the Canadian flag and remarks highlighting the deep cultural, historical, and geographic ties between Inuit in Canada and Greenland. Officials emphasized that the new consulate will strengthen partnerships on climate research, economic development, and regional security—areas of increasing global interest as the Arctic continues to transform.

The consulate’s establishment also signals Canada’s intention to play a more active role in circumpolar affairs, ensuring that northern voices and priorities remain central to international discussions about the future of the Arctic.


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