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Toronto Digs Out: A City Slowed but Not Stopped by Record Snowfall

A person rides an electric scooter though downtown Toronto as a winter storm moves through the region, Sunday, Jan. 25, 2026. A powerful winter storm buried the Greater Toronto Area under towering drifts overnight, forcing widespread school closures and creating major travel disruptions across the region. Plows worked around the clock to clear key routes, but many neighbourhood streets remained difficult to navigate as residents woke to what some described as “the biggest snowfall in years.” School boards in Toronto, Peel, York, and Durham announced closures early in the morning, citing unsafe road conditions and limited bus service. Many parents scrambled to adjust their schedules, while students embraced an unexpected day off. Commuters faced equally tough conditions. Highways moved at a crawl, with visibility reduced by blowing snow and lanes narrowed by deep accumulation. Public transit saw delays as buses struggled through unplowed streets and some GO Transit routes operated on...
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TSX Futures Plunge Amid Global Market Sell-Off

 

Futures for Canada’s main stock index, the S&P/TSX, fell sharply on Friday as investors braced for crucial U.S. payrolls data amidst a global market downturn. The September futures on the S&P/TSX index were down 1.0% early in the morning.

The decline follows weaker-than-expected factory data from the U.S. on Thursday, which heightened fears of an economic slowdown and negatively impacted investor sentiment worldwide. Additionally, disappointing earnings reports from major tech companies like Intel and Amazon.com contributed to a sell-off in tech shares across markets.

Despite the overall downturn, an uptick in commodity prices helped limit the declines. Oil prices saw a slight increase, and gold was poised for its biggest weekly jump in four months.

Investors are keenly awaiting the U.S. non-farm payrolls data, expected to provide further insights into the state of the American economy. The Toronto Stock Exchange’s S&P/TSX composite index had ended 1.7% lower on Thursday, marking its biggest daily decline since February.

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