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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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Russia to Boost Oil and Fuel Supplies to Cuba Amid Deepening Energy Crisis

                                            File photo: Havana's Jose Marti International Airport

Russia is preparing to deliver new shipments of crude oil and refined fuel to Cuba as the island faces one of its most severe energy shortages in decades. The supplies are expected to arrive soon as part of a broader effort to help stabilize Cuba’s strained fuel system.

Cuba’s energy crisis has intensified due to declining fuel imports, financial constraints, and ongoing logistical challenges. The resulting shortages have led to long lines at gas stations, reduced public transportation, and widespread rationing that has affected daily life across the island.

Russian officials have emphasized their commitment to supporting Cuba during this difficult period, highlighting the long-standing political and economic ties between the two nations. The upcoming shipment will be Russia’s first major delivery in months and is expected to provide short-term relief as Cuba works to manage its dwindling reserves.

While the new supplies may ease immediate pressure, Cuba’s broader energy challenges remain unresolved, leaving the island dependent on external partners as it navigates a complex economic landscape.


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