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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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Federal Officials Ignored Auditor’s Call to Report Suspicious $160-Million Contract to RCMP


Federal officials have reportedly ignored calls from an auditor to refer a suspicious $160-million contract to the RCMP for investigation. The auditor, who was involved in a federal program prioritizing Indigenous companies, produced a report alleging that a large nurse staffing agency exploited its Indigenous partner and submitted fraudulent documents. Despite the auditor's substantial evidence and recommendation to involve the RCMP, federal officials chose not to act, citing concerns about potential troubles.

The contract in question was an eight-year agreement to deliver nursing services in remote Indigenous communities. The auditor's findings led to the removal of the joint venture from the Indigenous Business Directory managed by Indigenous Services Canada.

This case highlights ongoing issues within federal procurement practices and raises questions about accountability and transparency in handling allegations of fraud.



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