The following is a glance at the news moving markets in Canada and globally.
– Tropical Storm Debby made a second landfall in South Carolina early Thursday morning and is expected to travel north as well as bring heavy amounts of rain and possible flooding along the United States East Coast. Debby first made landfall in Florida on Monday as a Category 1 hurricane and has since been downgraded to a tropical storm. The system could bring 100 millimetres of rain and sustained winds of 85 kilometres per hour. Debby has already killed six people in Florida and Georgia.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
– A 7.1-magnitude earthquake was detected off of Japan’s southern coast on Thursday, triggering a tsunami advisory. The earthquake most strongly shook the southern Japanese island of Kyushu. A seismology department official said aftershocks could last for a week. All 12 nuclear reactors on Kyushu and the neighbouring island of Shikoku remained safe.
– The incursion of Ukrainian troops into southwest Russia’s Kursk region entered its third day on Thursday. The Institute for The Study of War, a think tank based in Washington, D.C., believes the incursion has advanced 10 kilometres into Russian territory. However, the acting deputy governor of the Kursk region maintains that Ukrainian forces are “retreating”. The operation could be designed to weaken Russian forces in the Donetsk region, but also risks stretching the front line of Ukrainian troops, which is already 1,000 km long.
