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Winter Storm Near Miss: Southern Ontario Could Still See Heavy Snow

  A major winter storm developing across the central United States is expected to track close enough to southern Ontario this weekend to bring the risk of significant snowfall. While the core of the system is projected to remain south of the border, its northern edge may still sweep across regions from Windsor to the Greater Toronto Area. Forecasters say the exact path remains uncertain, but current projections suggest that areas along and south of Highway 401 could see notable accumulations if the storm shifts even slightly north. Some models indicate the potential for 10–20 centimetres of snow, with locally higher amounts possible if lake‑enhanced bands develop. The storm threat comes as southern Ontario braces for a surge of bitter cold. Wind chills dipping into the minus twenties may precede the system, creating conditions that could intensify snowfall rates and make travel more difficult. Meteorologists continue to monitor the storm’s trajectory closely. Residents are enco...
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Fed Holds Steady on Interest Rates Amid Economic Uncertainty

The Federal Reserve has decided to keep its key interest rate unchanged, signaling concerns over rising inflation and potential increases in unemployment. This marks the third consecutive meeting where the central bank has opted to maintain the rate at 4.3%, despite growing pressure from the White House to lower borrowing costs.

The Fed's decision comes amid heightened uncertainty surrounding the impact of sweeping tariffs imposed by President Donald Trump. Economists warn that these tariffs could simultaneously drive up consumer prices while forcing businesses to cut jobs, creating a challenging economic environment. Historically, the Fed has adjusted rates to either curb inflation or stimulate employment, but the current situation presents a rare dilemma where both risks are rising simultaneously.

Federal Reserve Chair Jerome Powell emphasized the need for patience, stating that the central bank is closely monitoring economic indicators before making any adjustments. While financial markets anticipate potential rate cuts later in the year, the Fed remains cautious, balancing its dual mandate of maintaining price stability and maximizing employment.

As the economy navigates these uncertainties, all eyes will be on the Fed’s next moves and how they will shape the financial landscape in the months ahead.

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