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What’s Happening Across Ontario

Heavy rainfall mixed with melting snow could cause flooding this weekend, warns Environment Canada. Summary Environment Canada is calling for significant rainfall across many regions of Ontario , with totals generally in the 15–40 mm range depending on location. Several areas also face flood risks due to melting snow and frozen ground that can’t absorb water.  Rainfall Amounts 15–40 mm expected from Friday evening to Saturday evening in regions including: Newmarket–Georgina–Northern York Region Barrie–Orillia–Midland Owen Sound–Blue Mountains Perth County Sault Ste. Marie, Elliot Lake, Temiskaming Shores, Manitoulin Similar totals (15–40 mm) forecast for: Greater Sudbury North Bay–West Nipissing Huntsville–Baysville Kitchener–Waterloo Flood Risk Factors Environment Canada and the Insurance Bureau of Canada warn that: Heavy rain + melting snow + frozen ground = high flood potential , especially in low‑lying areas and basements. Southwestern and south‑cen...
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Global Markets Tumble Amidst Inflation Fears and Central Bank Tightening

 

Wall Street followed global markets lower on Wednesday as investors awaited earnings reports and central bank moves. 

The S&P 500 and the Dow Jones Industrial Average both fell by 0.4% in early trading. The decline in the stock market was attributed to the fear of aggressive monetary policy tightening by central banks, following the U.S. inflation print.


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