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Category 4 Hurricane Fiona to track near Bermuda before pummeling Atlantic Canada - fox29.com - Canada - county Atlantic - Bermuda
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Category 4 Hurricane Fiona to track near Bermuda before pummeling Atlantic Canada
slam into Atlantic Canada this weekend as a powerful post-tropical cyclone.Fiona remains a Category 4 hurricane in the western Atlantic with maximum sustained winds around 130 mph, an intensity it first achieved early Wednesday, which makes Fiona the Atlantic's strongest hurricane of the 2022 season so far.Any hurricane that is rated Category 3, 4 or 5 on the Saffir-Simpson Hurricane Wind Scale is classified as a major hurricane.As of early Thursday morning, Hurricane Fiona was centered less than 500 miles southwest of Bermuda and was moving north-northeastward at 13 mph, a track which will take the major hurricane near Bermuda and then into Atlantic Canada.HOW TO WATCH FOX WEATHER ON TVTracking Hurricane Fiona.(FOX Weather) Bermuda has been placed under a Hurricane Warning.A Hurricane Warning means sustained winds of 74 mph or higher are expected within the warning area and is typically issued 36 hours before the anticipated first occurrence of tropical-storm-force winds (39-plus mph). These high winds are likely to be accompanied by storm surge, coastal flooding and/or river flooding.According to the National Hurricane Center, Hurricane or Tropical Storm Watches will likely be required for portions of Atlantic Canada by later Thursday morning.WHAT TO DO WHEN HURRICANE OR TROPICAL STORM WATCHES AND WARNINGS ARE ISSUED FOR YOUR TOWNA Hurricane Warning is in effect for Bermuda.(FOX Weather) According to the FOX Forecast Center, the peak impacts in Bermuda are expected between Thursday night and Friday morning as the center of Hurricane Fiona passes to the west of the archipelago.Those impacts in Bermuda will include hurricane-force winds (74-plus mph) and 2 to 4 inches of rain, as well as large, pounding surf and storm
Canada’s rising prices becoming entrenched, recession may be needed: economists - globalnews.ca - Canada
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Canada’s rising prices becoming entrenched, recession may be needed: economists
inflation in Canada are likely to peak in the fourth quarter of this year, economists told Reuters, though most see signs fast rising prices are becoming entrenched and warn a recession may be needed to avoid a spiral.Canada’s inflation data for August will be released on Tuesday, with analysts forecasting the headline rate will edge down to 7.3 per cent, from 7.6 per cent in July and a four-decade high of 8.1 per cent in June.But all eyes will be on the three core measures of inflation – CPI Common, CPI Median and CPI Trim – which taken together are seen as a better indicator of underlying price pressures.The average of the three hit a record high of 5.3 per cent in July. Canada’s unemployment rate rose to 5.4% in August as interest rate hikes ‘bite’ Six of eight economists surveyed by Reuters see core inflation peaking in the fourth quarter as underlying domestic and global pressures start to ease, though the path back to the two per cent target will not be brisk.“Rapidly cooling growth, the pullback in housing prices, and less pressure on supply chains will help cap core inflation relatively soon,” said Doug Porter, chief economist at BMO Capital Markets.“However, we believe that it will be sticky, and will descend only slowly through 2023,” he added.The broadening of price increases, increased wage settlements, as well as rising consumer and business inflation expectations are signs that inflation is becoming more entrenched in the economy, economists told Reuters.
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