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 Severe Weather: Blizzard Warnings and Damaging Winds
A powerful cold front is sweeping across Ontario, bringing with it damaging winds and blizzard conditions that have prompted widespread warnings. Environment and Climate Change Canada (ECCC) has issued blizzard warnings, wind warnings, and special weather statements for much of the province.
The hazardous mix of heavy snowfall and strong winds is expected to create dangerous driving conditions and reduce visibility. The eastern shores of Lake Superior and Georgian Bay, including communities like Wawa, Batchawana Bay, and Parry Sound, are likely to experience whiteout conditions and lake-enhanced snowfall.
In southern Ontario, including the Greater Toronto Area (GTA), wind gusts of up to 70-90 km/h are anticipated, with the potential for localized power outages. Motorists are advised to postpone non-essential travel and ensure their devices are fully charged if they must travel.
As temperatures drop overnight, residents can expect frigid conditions with wind chills making it feel even colder. Environment Canada urges everyone to stay informed about the latest weather alerts and to exercise caution when commuting.
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