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This Weekend's GTHA Storms Are a Preview of Your Next Insurance Bill

  Monday August 3, 2026 A tornado warning near Niagara, up to 50 mm of rain across the GTHA, and flood watches from Peel to Durham. It's a rough long weekend — and a live example of why your home insurance renewal keeps climbing. What Happened This Weekend Environment Canada issued a special weather statement for most of the GTHA on Sunday, warning of localized rainfall exceeding 50 mm. A tornado warning was briefly issued for the St. Catharines–Niagara Falls area before being lifted. Toronto and Region Conservation Authority and Credit Valley Conservation both issued flood outlook statements, warning that rivers and creeks could rise well above normal levels with a "higher potential for flooding." If this feels familiar, it's because it is. Canada's 2026 severe weather season started earlier and harder than usual — and insurers have already been telling shareholders about it for months. The storm soaking your basement window well this weekend is the same category...
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US Futures Rise as Dow Eyes Fresh Record Amid Bets on Trump

 

US stock futures climbed on Monday as investors weighed the market impact of a shooting attack on presidential candidate Donald Trump. The incident overshadowed the return of earnings season, but optimism remained high.

  • Dow Jones Industrial Average (YM=F) rose 0.5%: The blue-chip gauge ended last week just a few points away from an all-time high.
  • S&P 500 (ES=F) added 0.4%: Stocks poised to build on Friday’s gains as JPMorgan Chase and Wells Fargo ushered in earnings season.
  • Nasdaq 100 (NQ=F) gained 0.5%: Tech-heavy stocks also contributed to the rally.

Investors focused on the potential fallout from the assassination attempt on Trump at a rally on Saturday. Bets ramped up on a win in November’s presidential election for the Republican front-runner, seen as likely to cut taxes, raise trade tariffs, and ease up on regulation.

Other notable points:

  • 10-year Treasury yield (^TNX) rose over 2 basis points to trade around 4.21%.
  • 30-year yield (^TYX) also gained, steepening the yield curve.
  • Dollar (DX=F) edged up, and bitcoin (BTC-USD) surged to a two-week high above $62,830 amid speculation around former President Trump.
  • Trump Media & Technology (DJT) stock soared over 50% in pre-market trading.

In corporate news:

  • Alphabet (GOOG, GOOGL) is reportedly in talks for a $23 billion deal to buy cybersecurity start-up Wiz.

Later today, investors will closely listen to Jerome Powell’s comments for hints on the Federal Reserve chair’s view of the latest data.


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