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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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Regional Energy Shock: Iran Strikes Gulf Refineries After Israeli Gas Field Attack

 

                                Qatar Energy said a missile hit its massive Ras Laffan LNG facility on Thursday.

Iran has launched a series of retaliatory strikes on Gulf energy infrastructure after Israel targeted its main offshore gas field, sharply escalating regional tensions and driving global fuel prices higher. 

Iran has intensified its military response in the Gulf following an Israeli strike on its primary offshore natural gas field, launching coordinated attacks on several key energy facilities across the region. According to multiple reports, Iranian forces hit a Saudi refinery on the Red Sea, ignited fires at Qatari liquefied natural gas sites, and struck two major Kuwaiti oil refineries. 

The escalation marks one of the most significant energy-related confrontations in the ongoing Middle East conflict. The attacks have not only heightened geopolitical tensions but also triggered a sharp spike in global fuel prices, with Brent crude surging amid fears of broader supply disruptions. 

Analysts warn that the situation threatens to destabilize global energy markets, given the strategic importance of Gulf oil and gas infrastructure. As both sides signal readiness for further action, the international community is urging restraint to prevent a deeper regional crisis.

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