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Market Turmoil: S&P 500 Enters Correction Amid Escalating Trade War

                                                                 The stock market faced a sharp downturn on Thursday, with the S&P 500 officially entering correction territory. The index fell 1.4%, marking a 10% decline from its recent high. The Dow Jones Industrial Average dropped 1.3%, while the tech-heavy Nasdaq plummeted nearly 2%. This market turbulence comes as trade tensions escalate. The European Union's retaliatory tariffs on U.S. goods, including a 50% tax on American whiskey, prompted the U.S. administration to threaten a 200% tariff on European wines and spirits. These developments have left investors on edge, fearing the economic repercussions of a prolonged trade war. Adding to the uncertainty, debates over a stop-gap spending bill to prevent a government shutdown have further ...
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Ontario Braces for Record Cold Before Snowstorm Hit

Ontario is currently experiencing an Arctic chill with wind chill values plunging into the -30s and -40s, prompting widespread extreme cold warnings. The frigid temperatures have already led to road and school closures in some areas. 

However, relief is on the horizon as a weak clipper system is expected to move across the region Wednesday night and Thursday, bringing a few centimetres of snow to the Greater Toronto Area (GTA). Between 5-10+ cm of snow could fall locally, especially in areas experiencing lake enhancement.

While the deep freeze is expected to break by the weekend, bringing more comfortable weather, drivers are urged to plan ahead and brace for slower commute times due to slick conditions. 




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