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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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Relentless Storm Slams Greece, Leaving One Dead and Widespread Flooding

 

People walk amid a haze caused by sand dust from the Sahara, due to strong southern winds, in Heraklion, Crete.

A powerful storm system has swept across Greece, unleashing torrential rain, fierce winds, and severe flooding that has left one person dead and caused significant disruption to daily life.

Emergency services reported dozens of calls for rescues as rising waters inundated homes, blocked roads, and stranded residents in several regions. Transportation networks were hit hard, with flights delayed, ferry routes suspended, and major highways temporarily closed due to dangerous conditions.

Authorities have urged residents to avoid unnecessary travel and remain alert as meteorologists warn that more heavy rainfall could follow. Local officials are already assessing damage to infrastructure, while cleanup crews work to clear debris and restore essential services.

Events like this are becoming increasingly common across southern Europe, where extreme weather patterns continue to test emergency preparedness and resilience.


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