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Futures Slip as Geopolitical Tensions Overshadow Strong Bank Earnings

  US stock futures edged lower as investors balanced upbeat bank earnings against rising geopolitical unease tied to escalating tensions involving Iran. Contracts tied to the Dow, S&P 500, and Nasdaq all traded in the red, signaling a cautious start to the trading day. Major banks delivered solid quarterly results, with strong trading revenue and resilient consumer activity helping lift sentiment in the financial sector. Yet the optimism was tempered by concerns that potential US responses to developments in Iran could inject fresh volatility into global markets. Energy prices climbed as traders braced for possible disruptions. The pullback comes at a moment when investors are already navigating a crowded landscape of economic data, inflation readings, and policy uncertainty. With markets on edge, even strong corporate performance wasn’t enough to counter the broader risk-off mood.
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Winter Set to Redeem Itself After Record-Breaking Warmth

 

After experiencing the warmest winter on record last year, Canada is bracing for a colder season this year, according to The Weather Network's chief meteorologist, Chris Scott. Scott predicts that this winter will attempt to "salvage its reputation" with generally colder temperatures and more impactful weather compared to last year.

The forecast indicates that Western Canada will see near- or above-normal snow totals, while Ontario and Quebec can expect significant winter weather in December. However, Scott warns that the overall winter will still not be a "blockbuster" for any region.

"It's coming east in a hurry, and it will pack a real punch," Scott said, noting that there will be a "mad scramble for winter tires and salt" in Ontario and Quebec.

The Weather Network's seasonal forecast suggests that while January and February may be milder in Quebec and Ontario, Manitoba and Saskatchewan will experience a more typical winter. The forecast also brings good news for drought-weary prairie farmers, who rely on snowmelt to boost soil moisture in the spring.




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