Stock markets around the world are taking another beating today following yesterday’s dramatic sell-off on Wall Street. Losses in Asia this morning have triggered concerns that a potentially healthy pullback from recent highs could turn into a protracted bear market. The selling, which gathered pace yesterday when the Dow Jones posted its biggest percentage decline since August 2011, has been sparked by fears the U-S Federal Reserve will raise interest rates faster than many were predicting. U-S Vice President Mike Pence is characterizing the stock market’s plunge as “simply the ebb and flow of our stock market.” He urges people to focus on the fundamentals of the U-S economy — job growth, wage growth and low unemployment — which he says continue to be strong.
Police say they were called to the Augusta Township home of an off-duty officer two weeks ago for what they say was an alleged `domestic incident.” The 44-year-old man now faces charges that include assault with a weapon. The unnamed officer, who has been with the O-P-P for 13 years, has been put on administrative duties.
Police have now identified a Nepean couple in a murder-suicide after receiving a 911 call reporting gunshots early Sunday morning. Police say 54-year-old Touni Marina shot and killed his wife, Safaa Marina, 53, before turning the gun on himself. The major crime unit is continuing to investigate.
The Ottawa Humane Society says a dog that was found abandoned after being shot is facing more medical issues. Officials say the beagle named Sadie Mae has a tumour on her spleen and a minor heart issue. The Humane Society says the dog had six pellets from a pellet gun in her skull and needed reconstructive surgery after being found in November. The dog has been recovering at a foster home but is now being transferred to a specialized clinic outside of Ottawa to have her spleen removed.