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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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Iran Seeks Regional Calm as President Issues Rare Apology Amid Escalating Conflict

 

An explosion on Beirut's southern suburbs after an Israeli strike, following an escalation between Hezbollah and Israel amid the US-Israeli conflict with Iran, Lebanon, March 6, 2026.


As the war enters its second week, Iran’s President Masoud Pezeshkian has issued an unusual public apology to neighbouring countries affected by Tehran’s recent military actions. He acknowledged the impact of Iranian strikes across the region and pledged that Iran would refrain from targeting nearby states unless attacks on Iran originate from their territory. 

Despite the conciliatory tone, the conflict continues to intensify. Israel and Iran have exchanged fresh strikes, with missiles and drones still hitting cities across the Gulf. Iran’s temporary leadership council has reportedly approved suspending attacks on neighbouring states, but only conditionally, as tensions with the United States and Israel remain high. 

The apology appears aimed at easing regional anger after Iranian projectiles struck civilian areas in Gulf countries. However, with ongoing bombardments and rising casualties, the path to de-escalation remains uncertain. 


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