Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

April 1, 2025 | Ice Storm For The Ages

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel (www.venablepark.com) Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog: www.jugglingdynamite.com

It’s hard to imagine how damaging ice storms can be without witnessing them. After six decades of living in the north, this experience was a first for me. Big trees become weapons of mass destruction. There’s still no power or internet in our area. After a full day of sawing, cutting, and dragging tree parts, we are ready for the woodchipper at our house. Many are still buried in debris.

Hundreds of thousands of people remained without power and schools were closed in some areas on Monday morning after many Ontario locales were hit by freezing rainstorms over the weekend. According to Hydro One’s power outage map as of Monday morning, there were still widespread power outages in a stretch of the province extending from Grey-Bruce to the Quebec border that the company services. More than 390,000 homes and businesses were without power. Well over 532,000 others have also had their power restored since the storm began, according to Hydro One. Hydro One estimated that some of the areas may not see power restored until Tuesday or Wednesday. Here is a direct video link.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

April 1st, 2025

Posted In: Juggling Dynamite

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.