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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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Rising Tensions as Russia Blames US and Israel for Escalating Middle East Unrest

 

                                           Russian President Vladimir Putin

Russia has sharply criticized the United States and Israel, accusing both countries of deliberately provoking Iran in a way that risks pulling Arab nations into a broader Middle East conflict. According to Russian officials, Washington and Tel Aviv are encouraging Iranian retaliation across the region, creating conditions that could entangle Gulf states—many of which maintain close ties with both the US and Russia—into a widening confrontation. 

Moscow argues that recent Iranian drone and missile strikes on Gulf allies are a direct response to US and Israeli military actions, which began with airstrikes on Iran. Russian President Vladimir Putin has positioned himself as a potential intermediary, offering to convey Arab concerns to Tehran amid rising regional anxiety. 

The Russian Foreign Ministry has gone further, accusing the US and Israel of pursuing a conflict “for someone else’s interests” and insisting that halting what it calls Western “aggression” is the only path to preventing further destabilization. Despite these warnings, Russia sees no indication that Washington or Tel Aviv intends to ease pressure on Iran or the broader region. 

As tensions continue to escalate, Arab states find themselves caught between longstanding alliances and growing security threats, raising fears that the conflict could expand beyond its current flashpoints.

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