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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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Trudeau Unveils Renter-Focused Reforms in Anticipation of 2024 Budget

 

Canadian Prime Minister Justin Trudeau has announced a series of measures aimed at supporting renters in the country. These initiatives, set to be part of the upcoming 2024 budget, address critical issues faced by tenants and aim to create a fairer rental landscape.

Key Measures:

  1. Tenant Protection Fund: The government will allocate $15 million to establish a tenant protection fund. This fund will empower provincial legal aid organizations to better safeguard renters against unfair rent increases, renovictions, and problematic landlords.

  2. Canadian Renters’ Bill of Rights: Ottawa pledges to collaborate with provinces and territories to develop a comprehensive renters’ bill of rights. This legislation will require landlords to provide a transparent history of apartment pricing and establish a standardized nationwide lease agreement.

  3. Inclusion of Rental History in Credit Assessment: The Canadian Mortgage Charter will be amended to incorporate rental history when assessing creditworthiness. Landlords, banks, credit bureaus, and fintech companies will be encouraged to consider tenants’ on-time rent payments.

Targeting Young Canadians:

The government’s rhetoric emphasizes appealing to younger generations, specifically millennials and Gen Z. Prime Minister Trudeau and Deputy Prime Minister Chrystia Freeland recognize the urgency of addressing housing affordability and protecting renters.

Strategic Communication:

In a departure from past practices, the government is strategically releasing budget details ahead of time. By doing so, they hope to generate more focused attention on individual measures rather than having them buried in the broader budget announcement. This approach contrasts with the days when budget contents were closely guarded secrets, even leading to criminal charges for reporting on leaks.

As the Liberal government balances competing pressures to spend and exercise fiscal restraint, the 2024 budget aims to keep the deficit below $40.1 billion while addressing critical social and economic challenges.

Stay tuned for further announcements as the government continues to unveil specific elements of the April 16 budget. Renters across Canada eagerly await these reforms, hoping for a fairer and more secure housing market.


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