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Winter’s Arrival: Toronto Prepares for Sunday Snowfall

                                                      T oronto snow. Toronto is under a special weather statement as forecasters predict 2 to 10 cm of snow across the Greater Toronto Area beginning Sunday morning and continuing into the evening. The system is expected to bring a mix of rain and snow, with temperatures hovering near freezing, raising the possibility of slippery roads and transit delays. The Toronto Transit Commission (TTC) has already begun winter preparations, including salting platforms and readying snow-clearing equipment. Commuters are advised to plan ahead, as the first snowfall often leads to slower service and longer travel times. Poor driving conditions are likely, especially for those who have not yet switched to winter tires. Motorists are urged to adjust travel plans and allow extra time on the roads...
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Market Resilience Amid Rising Yields and Positive Earnings

 

In a display of resilience, the S&P 500 closed marginally higher after a session marked by volatility, as investors navigated the dual forces of climbing Treasury yields and encouraging corporate earnings, particularly from tech behemoths.

  • Treasury Yields Climb: An auction of $70 billion in five-year U.S. Treasury notes drove yields higher, influencing equity markets. The 10-year Treasury note rose to 4.6459%.
  • Tech Giants’ Earnings: Investors’ attention was captured by earnings reports from major technology companies. Meta Platforms saw a dip in after-hours trading, while Microsoft and Alphabet are poised to report later in the week.
  • Tesla’s Surge: Tesla’s stock leapt by 12% as plans to increase production and introduce more affordable models outweighed its weaker quarterly results.
  • Economic Indicators Awaited: Markets are now looking ahead to the first quarter GDP data and March’s personal consumption expenditures, which could signal the Fed’s interest rate trajectory.

Investors remain cautious yet optimistic as they parse through the latest financial data, seeking signs of stability in a fluctuating economic landscape.

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