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Urgent Evacuations Underway as Hurricane Milton Nears Florida

  As Hurricane Milton, a catastrophic Category 5 storm, barrels towards Florida, time is running out for residents to evacuate. The National Hurricane Center has confirmed that Milton will make landfall later today or early tomorrow, bringing with it life-threatening winds and storm surges. Florida officials have issued mandatory evacuation orders for millions of residents, particularly in the Tampa Bay area, where the storm is expected to hit hardest. Highways are jammed as people flee to safer locations, and gas stations are experiencing shortages. Governor Ron DeSantis has urged everyone in the storm’s path to leave immediately, emphasizing the potential for unprecedented destruction. Emergency services are on high alert, and preparations are being made to deal with the aftermath of what could be one of the most devastating hurricanes in recent history. Stay safe and heed all evacuation orders to protect yourself and your loved ones.

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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