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Northeast Winter Storm Disrupts Holiday Travel, Thousands of Flights Affected

  A powerful mix of snow and ice sweeping across the U.S. Northeast has caused major travel disruptions, leading to thousands of flight delays and cancellations across the region. The storm, which hit early Saturday, prompted states of emergency in New York and New Jersey and forced officials to warn residents to stay off treacherous roads. Airports in the New York metropolitan area—including JFK, LaGuardia, and Newark Liberty —were among the hardest hit, with airlines struggling to manage the post‑holiday travel surge. According to flight‑tracking data, more than 5,580 flights were delayed and at least 860 were canceled as of Saturday afternoon. Snowfall totals ranged from 15 to 25 centimeters across parts of New York, Connecticut, and Long Island, with New York City recording 2 to 4 inches in Central Park. Crews worked through the morning to de‑ice aircraft and clear runways as passengers faced long waits and rebooking challenges. New York Governor Kathy Hochul emphasized...
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The Perils of Cash Hoarding: Why Canadians Should Invest Now

 


In recent years, Canadians have amassed a staggering $400-billion in excess savings, a figure that represents 13 per cent of the nation’s GDP. This phenomenon, largely a result of the pandemic savings boom and economic uncertainty, has led to a culture of cash hoarding. However, experts warn that the reluctance to invest this cash could be a costly mistake.

The Opportunity Cost of Cash: While the security of a large cash buffer is comforting, especially in tumultuous times, it comes with an opportunity cost. Money sitting in bank accounts or term deposits like GICs is money not growing through investment. With the Dow Jones and S&P/TSX Composite Index showing strong performance, and bond yields moving favorably, the potential for wealth growth through investing is significant.

Investment Strategies: Lump Sum vs. Dollar-Cost Averaging When faced with the decision of how to invest excess savings, research suggests that investing a lump sum immediately is often the best strategy. This approach typically outperforms alternatives such as dollar-cost averaging or waiting for market dips, which can result in missed opportunities and lower returns.

Embracing the Market’s Growth Potential Despite the fear of investing at market highs, history shows that the stock market is a robust engine for growth. Delaying investment in hopes of a better entry point is likely to hinder long-term financial gains. Canadians are encouraged to overcome the psychological barriers of cash hoarding and tap into the market’s proven potential.

In conclusion, while the instinct to hoard cash during uncertain times is understandable, Canadians must recognize the importance of putting their excess savings to work. Investing now, rather than waiting, is a strategic move that aligns with historical data and the principles of wealth building.

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