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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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Britain Stands Firm as Starmer Rejects Wider Iran Conflict

 

Ground crew members work on munitions, at RAF Fairford airbase, which is used by USAF personnel, in Fairford, Gloucestershire.


Prime Minister Keir Starmer has firmly stated that the United Kingdom will not join a broader war in Iran, even as tensions in the region continue to rise. Speaking in London, Starmer emphasized that Britain’s focus is on working with international partners to develop a “viable collective plan” to reopen the strategically vital Strait of Hormuz—an effort he acknowledged will be challenging. 

The strait, a critical chokepoint for global energy shipments, has become increasingly difficult to navigate amid escalating regional hostilities. While U.S. President Donald Trump criticized Starmer for not initially supporting U.S.-Israeli strikes on Tehran, the British leader maintained that reopening the waterway is essential for stabilizing global energy markets and must be approached through coordinated international action rather than military escalation.

Starmer reiterated that the UK “will not be drawn into the wider war,” underscoring his government’s commitment to diplomacy and multilateral cooperation in addressing the crisis.

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