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5 Things to Know Today: The Money News Shaping Your Week

5 Things to Know Today: The Money News Shaping Your Week 1. Canada’s Economy Grew Faster Than Expected Canada’s economy expanded at an annualized 2.6% in Q4, driven by stronger household spending, exports, and business investment. 2. Manitoba Fast‑Tracks Major Infrastructure Projects A new federal‑provincial agreement introduces a “one project, one review” system to accelerate ports, highways, and energy corridors. 3. Job Market Shows a Small but Positive Uptick Canada added 14,000 jobs in March, with wages rising 4.7% — a key factor ahead of the Bank of Canada’s April 29 rate decision. 4. Oil Markets Remain Volatile After Hormuz Reopening Iran has reopened the Strait of Hormuz, but analysts warn global oil markets may take time to stabilize. 5. Canadians Face Rising Affordability Pressures More Canadians are turning to budgeting tools as inflation, energy costs, and housing pressures persist.
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Southern U.S. Paralyzed by Record Snowfall: Thousands of Flights Cancelled

 

Thousands of flights were cancelled and travel was severely disrupted across the southern United States as a major winter storm brought the region's largest snowfall in almost four years.

The storm, which began on Thursday, drew Arctic air from the north and a surge of Gulf moisture from the south, creating a potent low-pressure system that blanketed states from Texas to the Carolinas with heavy snow. 

In Arkansas, the small town of Mena reported the highest snowfall total with 36 cm of snow, while Little Rock saw 20 cm, doubling its average annual snowfall. The historic snowfall also ended a 1,076-day snowless streak in Charlotte, North Carolina.

Air travel was heavily impacted, with nearly half of all flights into and out of Atlanta cancelled on Friday.The storm also caused significant highway delays and power outages in northeastern Texas and southwestern Arkansas.

As the storm continues to move through the southeast and Mid-Atlantic states, more disruptions are expected, with a swath of 5-15 cm of snow forecasted across the western Carolinas and southern Virginia.




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