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Winter’s Arrival: Toronto Prepares for Sunday Snowfall

                                                      T oronto snow. Toronto is under a special weather statement as forecasters predict 2 to 10 cm of snow across the Greater Toronto Area beginning Sunday morning and continuing into the evening. The system is expected to bring a mix of rain and snow, with temperatures hovering near freezing, raising the possibility of slippery roads and transit delays. The Toronto Transit Commission (TTC) has already begun winter preparations, including salting platforms and readying snow-clearing equipment. Commuters are advised to plan ahead, as the first snowfall often leads to slower service and longer travel times. Poor driving conditions are likely, especially for those who have not yet switched to winter tires. Motorists are urged to adjust travel plans and allow extra time on the roads...
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US Stock Futures Retreat After Intel’s Gloomy Outlook

 

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US stock futures retreated on Friday after Intel’s first-quarter outlook fell well short of Wall Street expectations, somewhat denting the AI-fueled hopes that have helped lift stocks to record highs. 

Intel shares fell over 10% in premarket trading, with peers AMD and Nvidia also taking a slight knock. The S&P 500 futures dropped 0.2% after a winning Thursday saw the benchmark close at another record high. Dow Jones Industrial Average futures also lost around 0.2%, while those on the tech-heavy Nasdaq 100 sank nearly 0.5%. Techs led the way lower after a gloomy outlook from Intel, as investors awaited a key inflation reading seen as influential in the timing of an interest rate cut.

The release of the PCE index for December painted a rosy inflation picture for investors, however. “Core” PCE, the inflation gauge commonly known as the Fed’s preferred measure, fell below 3% on an annual basis, the slowest rate of growth since March 2021. That number, combined with a hotter-than-expected early estimate on fourth quarter US GDP, could further the notion that the US economy is headed for a “soft landing.”

The Personal Consumption Expenditures Price Index (PCE) is a measure of the prices that people living in the United States pay for goods and services. It is released each month in the Personal Income and Outlays report and is used to calculate the GDP and inflation . The PCE index is known for capturing inflation (or deflation) across a wide range of consumer expenses and reflecting changes in consumer behavior. The latest release of the PCE index for December 2023 shows that the “core” PCE, the inflation gauge commonly known as the Fed’s preferred measure, fell below 3% on an annual basis, the slowest rate of growth since March 2021.


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