Ernesto projected to miss Halifax, brush past Newfoundland

In what is appearing to look like a near-miss, Hurricane Ernesto’s track is bending to curve southeast of Halifax late tomorrow and brush past the south-facing coasts of Newfoundland and Labrador late Sunday. “We expect that the track of Ernesto’s…The post Ernesto projected to miss Halifax, brush past Newfoundland appeared first on Canadian Underwriter.

‘Wall of water’ in Montreal after underground pipe breaks, floods streets and homes

MONTREAL – A break in a major underground water main near Montreal’s Jacques Cartier Bridge sent water gushing down streets and inside homes on Friday morning, forcing the evacuation of nearby buildings and leading to a boil-water advisory for about…The post ‘Wall of water’ in Montreal after underground pipe breaks, floods streets and homes appeared first on Canadian Underwriter.

Friday’s Must-Read Stock News: Retail Stocks Soared

This morning, watch for retail stocks to follow through from Thursday’s rally. Buyers snapped up Walmart (WMT) and Costco (COST) stock after the Commerce Department posted strong consumer spending levels.In July, advanced retail sales increased by 1% on the month. This is up from a 0.2% decline in June and well above the 0.3% expected rate. When the data excludes auto-related items, sales grew by 0.4%. Expect consumers to continue to shun automotive products. Dealerships at Ford (F) and Stellantis (STLA) are trying to sell high-end vehicles. Yet consumers do not have the money to buy them….