Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
– A major snowstorm hit eastern Ontario and western Quebec overnight, leaving thousands without power and closing schools in both provinces. Environment and Climate Change Canada reported that 14.5 millimetres of rain and 10.8 centimetres of snow fell at the Ottawa Airport weather station Wednesday evening and Thursday morning. A snowfall warning remains in effect for the city and surrounding areas. In Quebec, more than 280,000 residents were left without power after the storm. Heavy snow combined with winds gusting to 70 kilometres per hour caused tree branches to snap and fall on power lines. Montreal is expected to see 15 to 20 centimetres of snow on Thursday, with more snow expected in parts of eastern Quebec.
Read Also
Global Markets: PM, premiers to meet for summit
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –…
– Russia used drones to attack residential buildings and a thermal power plant in the Ukrainian city of Kharkiv on Thursday, killing four people and cutting power to 350,000 residents. Three of the deaths were rescue workers and 12 more people were injured, according to the region’s governor. The Ukrainian military said that it had shot down 11 out of 20 Russian drones.
– Electric vehicle production at the Ford Motor Company plan in Oakville, Ont. will be delayed two more years to 2027, the company said on Thursday. Ford announced last year the facility will be converted to assemble EVs and battery packs at a cost of C$1.8 billion. Work to transform the plant will start as planned in the current financial quarter.
