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Holiday Turbulence: Flight Delays Hit Major Canadian Airports on Boxing Day

  Passengers wait in a check-in line at Vancouver International Airport after a snowstorm crippled operations during the holidays in 2022.   Travelers across Canada are facing a challenging Boxing Day as major airports report widespread delays and cancellations triggered by winter weather and heavy post‑holiday traffic. With thousands of passengers returning home or heading out for year‑end vacations, the timing couldn’t be more disruptive. Toronto Pearson, the country’s busiest airport, is experiencing the most significant impact. A mix of snow, freezing drizzle, and strong winds has slowed de‑icing operations and reduced runway capacity. Long lines at security and check‑in counters are adding to the congestion, with some travelers reporting wait times stretching beyond an hour. Ottawa, Montreal, and Vancouver airports are also dealing with delays, though to varying degrees. In Eastern Canada, Halifax is managing a combination of fog and residual holiday traffic, while air...
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Wall Street and Global Markets Take a Dip After Holiday Weekend

 

Wall Street and global markets started the week on a bearish note, with the S&P 500 and Dow Jones Industrial Average futures down 0.3% and 0.2%, respectively, before the bell. The Hong Kong benchmark index fell more than 2%, and investors were left without cues from overnight trading due to the holiday weekend.

Investors have been betting on the Federal Reserve cutting its main interest rate six or more times through 2024, a much more aggressive track than the Fed itself has hinted at. However, after a roaring start to the year, investors are growing a bit more cautious about how soon the Fed will begin cutting interest rates, how quickly, and by how much.

The first quarter of this year may be marked by the realization that it’s too early for the central banks to cut the interest rates unless something really bad hits the fan.

Microsoft rose about 0.7%, to $391.25 per share, before the bell Tuesday, vaulting past Apple to become the world’s most valuable publicly-traded company with a market capitalization of $2.89 trillion.


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