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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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Biden vows to respond after Iranian-backed drone strike kills 3 US troops in Jordan

 


President Joe Biden has vowed to respond after three American troops were killed and dozens more were injured in an overnight drone strike in northeast Jordan near the Syrian border. 

The President blamed Iran-backed militias for the first U.S. fatalities after months of strikes by such groups against American forces across the Middle East amid the Israel-Hamas war. Biden, who was traveling in South Carolina, asked for a moment of silence during an appearance at a Baptist church’s banquet hall. “We had a tough day last night in the Middle East. We lost three brave souls in an attack on one of our bases," he said. After the moment of silence, Biden added, “and we shall respond.” With an increasing risk of military escalation in the region, 

U.S. officials were working to conclusively identify the precise group responsible for the attack, but they have assessed that one of several Iranian-backed groups was behind it. Biden said in a written statement that the United States “will hold all those responsible to account at a time and in a manner (of) our choosing.” Defense Secretary Lloyd Austin said "we will take all necessary actions to defend the United States, our troops, and our interests.”


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