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Winter Storm Near Miss: Southern Ontario Could Still See Heavy Snow

  A major winter storm developing across the central United States is expected to track close enough to southern Ontario this weekend to bring the risk of significant snowfall. While the core of the system is projected to remain south of the border, its northern edge may still sweep across regions from Windsor to the Greater Toronto Area. Forecasters say the exact path remains uncertain, but current projections suggest that areas along and south of Highway 401 could see notable accumulations if the storm shifts even slightly north. Some models indicate the potential for 10–20 centimetres of snow, with locally higher amounts possible if lake‑enhanced bands develop. The storm threat comes as southern Ontario braces for a surge of bitter cold. Wind chills dipping into the minus twenties may precede the system, creating conditions that could intensify snowfall rates and make travel more difficult. Meteorologists continue to monitor the storm’s trajectory closely. Residents are enco...
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US Futures Rise After Strong February Jobs Report

 


In a positive turn of events, US stock futures remained steady after the release of the February jobs report. The report revealed that the US economy added 275,000 jobs, surpassing Wall Street expectations once again. However, there was a slight increase in the unemployment rate, ticking up to 3.9%, marking its first rise in four months.

Key Takeaways:

  • Job Growth: The economy demonstrated robust job growth, reflecting resilience despite recent challenges.
  • Federal Reserve Implications: The slowdown in job additions could prompt the Federal Reserve to consider interest rate cuts as a preventive measure against rising unemployment.
  • Investor Sentiment: Investors are closely monitoring the data, anticipating the Fed’s response and its impact on the markets.

Market Outlook:

  • S&P 500 and Nasdaq 100: Futures for these indices edged up shortly after 5 a.m. ET, signaling a positive start to the trading day.
  • Dow Jones Industrial Average: Despite some initial weakness, the Dow was poised to shed about 40 points.
  • London’s FTSE 100: The blue-chip index experienced a 0.4% decline in morning trading.
  • Chipmakers: AI darling Nvidia continued its winning streak, rising 3% in premarket trading in New York.

Investors will closely watch the non-farm payrolls report, which tracks the number of jobs added last month. Economists predict a slowdown from 353,000 to 200,000 jobs, potentially influencing the Fed’s decision on interest rates2. Fed Chair Jerome Powell emphasized the need for more data and a sustained cooling of inflation before any rate adjustments.

As the markets open, all eyes are on the employment data, shaping the trajectory of financial decisions in the coming days. Stay tuned for further updates!


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