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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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Escalating Conflict: Trump Praises Strikes as Middle East Tensions Surge

Israeli emergency responders work at the site of an impact by an Iranian missile in northern Israel.

As missile and drone attacks intensified across the Middle East, U.S. President Donald Trump publicly boasted about the killing of senior Iranian leaders, calling it his “great honor” to target what he described as Iran’s “terrorist regime

The conflict, now entering its second week, began after joint U.S.–Israeli strikes on Iranian targets in late February. Since then, more than 2,000 people have been killed, millions displaced, and global energy and financial markets have been rattled by the rapidly widening war. 

Trump’s remarks came as both sides exchanged heavy missile and drone fire across the region, with strikes reported from Tehran to northern Israel and beyond. The escalating violence has prompted international concern, with regional governments warning of broader destabilization if hostilities continue. 


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