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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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Turkish Vessel Clears Strait of Hormuz After Diplomatic Coordination

 

                                            Coastal scenery near Khasab, in Musandam peninsula.


A Turkish‑owned commercial ship has been permitted to pass through the Strait of Hormuz, according to a statement from Turkey’s transport minister. The development comes amid heightened regional tensions and increased scrutiny of maritime traffic in one of the world’s most strategically important waterways.

The minister noted that Turkish authorities had been in close communication with regional counterparts to ensure the vessel’s safe transit. While no specific threats to the ship were detailed, the passage highlights the delicate balance required to maintain secure navigation in a corridor responsible for a significant share of global energy shipments.

Officials emphasized that Turkey remains committed to safeguarding its commercial fleet and supporting international efforts to keep the strait open to civilian maritime traffic. The ship has reportedly continued its journey without incident.


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