TSX Wall Street slump on hawkish Yellen and disappointing Draghi

TORONTO — Fresh moves by the European Central Bank on its stimulus plans left traders feeling underwhelmed and helped pull down North American stock markets.Toronto’s S&P/TSX index closed the session down 139.15 points at 13,324.67.The ECB announced a cut in one of its key interest rates as part of an attempt to stimulate lending, but the decision appeared to be widely received as disappointing.The announcement caused the euro to jump three per cent against the dollar — a large move.On Wall Street, the Dow Jones plunged 252.01 points at 17,477.67, the broader S&P 500 index declined 29.89 points to 2,049.62 and the Nasdaq lost 85.70 points to 5,037.53.In commodities, the February gold contract rose $7.40 to US$1,061.20 an ounce, the January crude contract was up $1.14 at US$41.08 per barrel and the January contract for natural gas was ahead 1.6 cents at US$2.18.The Canadian dollar was up 0.06 of a cent at 74.97 cents U.S. read more

Weather warning Very intense rain thundery downpours spot flooding

first_imgIF YOU LIKE rain, you’re in luck.There’ll be reams of the stuff around today.Met Éireann have issued one of their weather warnings, meaning we’re in for pretty damp time of it between now and around 9pm tonight.The ‘yellow alert’ is for “heavy thundery downpours” leading to “local spot flooding”.There’ll also be “very intense” rainfall throughout the day (sounds interesting, maybe head for a walk on the beach with your partner?).Looking ahead to the rest of the week… well, it’s best not to, really. More rain, essentially — a mix of “heavy showers”, “thundery showers”, “local downpours” and “torrential rain” (not all at the same time, though).The worst of it will be on Thursday.Read: Howlin: Ex-NAMA homes part of our plan to tackle housing “emergency crisis”last_img read more