U.S. stocks edged lower as investors navigated a mix of rising oil prices, corporate earnings signals, and shifting expectations around Federal Reserve policy. The Dow, S&P 500, and Nasdaq all turned down after early gains, reflecting a market grappling with geopolitical tensions and inflation concerns. Indexes Pull Back All three major indexes slipped roughly between 0.3% and 0.6%, giving back some of the previous session’s momentum. The downturn followed renewed volatility in energy markets and cautious sentiment around consumer spending. Oil Prices Add Fresh Pressure Crude prices extended their sharp rally, driven by heightened worries over a potential U.S.–Iran conflict. Brent crude climbed above $71 per barrel, while West Texas Intermediate hovered near $66 — its biggest daily jump since October. Rising energy costs revived inflation concerns and weighed on equities. Walmart Earnings in Focus Walmart posted stronger‑than‑expected results, but its cautious pro...
"Ontario Braces for Massive Snow Squalls: Up to a Metre of Snow Expected"
Ontario is currently experiencing intense snow squalls, with some areas expected to receive up to a metre of snow by the end of the weekend. The multi-day lake-effect snow event began late Thursday and is predicted to continue through Sunday.
Meteorologists have issued snow squall warnings for several regions, including Cottage Country from Kincardine to Dundalk, Parry Sound to Barrie, and Sault Ste. Marie. The coldest air of the season is stirring up the lake-effect snow machine, leading to peak snowfall rates of 5-10 centimetres per hour.
Travel is expected to be hazardous due to sudden changes in weather, near-zero visibility, and possible road closures. Drivers are urged to plan ahead and be prepared for deteriorating conditions.
While the snowfall is great news for Ontario's ski resorts, it poses significant challenges for commuters and residents in affected areas.
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