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Storm Goretti Slams Northern Europe, Leaving Thousands Without Power

                                                         Storm Goretti hits Walsall, UK Storm Goretti swept across northern Europe on Friday, unleashing destructive winds, heavy snowfall, and bitter cold that caused widespread power outages and brought major transport routes to a halt. The storm carved a path from the UK across France and into Germany, prompting top‑tier weather warnings and large‑scale emergency responses. In France, hundreds of thousands of homes were left without electricity as hurricane‑force gusts battered coastal regions. Britain faced similar turmoil, with tens of thousands of households still in the dark and rail services suspended in the southwest under the highest wind alert issued by national forecasters. Air travel was heavily disrupted, with dozens of flights cancelled at major airports ...
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S&P/TSX Composite Closes Lower Amid Broader Losses

Canada’s main stock index, the S&P/TSX composite, closed lower on Friday, echoing the trend in U.S. markets. Despite earlier gains, the S&P/TSX composite index ended down 66.37 points at 21,875.79. The decline was driven by weakness in energy and industrials sectors.

Statistics Canada reported that real gross domestic product (GDP) grew 0.3% in April, but the early read for May showed growth slowing to 0.1% for the month. Consumers in Canada appear to be pulling back, impacted by higher interest rates over the past two years. Portfolio manager Hadiza Djataou noted that consumption is taking a hit, influencing stock performance.

In New York, the Dow Jones industrial average was down 45.20 points at 39,118.86, the S&P 500 index dropped 22.39 points to 5,460.48, and the Nasdaq composite fell 126.08 points to 17,732.60. The U.S. Federal Reserve’s preferred inflation gauge indicated a 2.6% rise in consumer prices for May, easing from April’s 2.7% reading.

The Canadian dollar traded at 73.06 cents US, and while Canada’s GDP data didn’t significantly impact interest rate expectations, Djataou anticipates further pressure on the loonie due to diverging economic trajectories between Canada and the U.S.


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