Skip to main content

Featured

Daily Markets Update: TSX Rebounds, Europe Hits a Record, Nvidia Shock Rattles Asia (Nov. 12)

  CANADIAN MONEY BRIEF · DAILY MARKETS UPDATE Thursday, November 12, 2026 · Covers Wednesday’s close and Thursday’s Asian session Markets got their AI swagger back on Wednesday — and then Nvidia took some of it away overnight. A strong CoreWeave report lifted tech, pushed the S&P/TSX Composite higher and sent Europe to a record close, but reports that Nvidia’s board is weighing whether to remove CEO Jensen Huang rattled Asian chip stocks on Thursday and pointed U.S. futures lower. AT A GLANCE TSX: +0.67% to 36,411.72, recovering part of Tuesday’s hot-inflation drop. Wall Street: S&P 500 +1.31%, Nasdaq +1.60%, Dow +0.49% as CoreWeave revived the AI trade. Europe: STOXX 600 and Germany’s DAX both closed at records. Asia (Thursday): Taiex -2.63%, Nikkei -0.70% on Nvidia leadership worries. Gold slipped under US$4,000 on a firmer U.S. dollar; oil rebounded from two-month lows. Canada: TSX Claws Back Tuesday’s Loss The S&P/TSX Composite rose 241.27 points, or 0.67%, to...

article

Storm Éowyn: Ireland Faces Record Winds and Widespread Disruptions

 

Ireland was recently battered by the powerful and destructive Storm Éowyn, which brought record-breaking winds surpassing 180 km/h. The storm, named by weather authorities, caused widespread damage and disruptions across the country.

Record-breaking Winds and Damage

On January 24, 2025, Ireland experienced wind gusts of up to 183 km/h (114 mph) in County Galway, breaking an 80-year-old record. The storm caused unprecedented damage to the power network, leaving over 715,000 homes and businesses without electricity. Schools, public transportation, and hundreds of flights were canceled as authorities issued a rare "red" weather warning, indicating danger to life.

Impact on Daily Life

The severe weather forced people to stay indoors, with streets left deserted during the typical morning rush hour. The storm also brought waves up to 12 meters high, posing a risk of coastal flooding in low-lying areas. The Irish Electricity Supply Board described the damage as "unprecedented, widespread, and extensive," with many areas still without power.

Climate Change and Future Storms

Scientists have noted that while it is challenging to pinpoint the exact influence of climate change on individual storms, the increasing intensity of such weather events is consistent with a warming atmosphere. As the climate continues to warm, storms like Éowyn are expected to become even more intense, leading to greater damages.

Conclusion

Storm Éowyn has left a significant mark on Ireland, highlighting the need for preparedness and resilience in the face of increasingly severe weather events. As the country begins to recover, the focus will be on restoring power and ensuring the safety of all residents.



Comments