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Ontario Braces for a Sloppy Winter Mix as Boxing Day Storm Rolls In

A pedestrian make their way through Toronto's downtown core as a winter storm starts to hit the city. Ontario is facing a messy blend of winter weather today as a sprawling storm system sweeps across the province, bringing snow, ice pellets, and hazardous travel conditions during one of the busiest shopping days of the year. The Greater Toronto Area is expected to see light snow develop through the afternoon before transitioning to ice pellets and freezing drizzle in the evening. While accumulations in the GTA may stay modest, the mix of precipitation is creating slick roads and reduced visibility, prompting caution for drivers heading to Boxing Day sales or returning from holiday gatherings. Further north, communities across Central and Northern Ontario are dealing with heavier snowfall, with totals ranging from 5 to 20 centimetres depending on the region. Environment Canada has issued multiple weather advisories, warning of rapidly changing conditions and the potential for dif...
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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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