Quick top Global Business stories of the morning. Mario draghi said he wants to raise inflation as fast as he can. It looks like he has some serious work to do. Here he is at a News Conference in frankfurt. Latest projections indicate lower inflation. Accompanied by weaker geo do to do the growth and subdued economics. The ecb cut his forecast for both inflation and gdp growth through 2016. Draghi says the central bank will gauge the need for further stimulus at the start of next year. Russias president Vladimir Putin took aim at the u. S. And European Union today in his annual state of the nation address he says both impose economic sanctions on russia anyway no matter what happened in ukraine. He said their goal is simply to hurt the russian economy. They may have to change the old , posting its 10th straight quarterly loss thanks to falling sales. Sears lost 548 million in the third quarter. The ceo eddie lambert, hedge funds are you near, has been selling and spinning off assets to
Environment Canada is calling for upwards of 50 millimetres of rain, along with high winds, through Saturday. Temperatures are expected to drop by Sunday, creating icy conditions across the province.
Cape Breton Regional Municipality has started the monumental task of clearing sidewalks after more than 150 centimetres of snow fell over a week ago, forcing many pedestrians to walk on roadways, inches from passing traffic.
Sidewalks and secondary roads remain under piles of snow, which means transit service in the CBRM cannot operate. Officials say they plan to work through the weekend so buses can once again run on Monday.
Some Nova Scotians remain stranded in their homes as northeastern parts of the province and Cape Breton continue to slowly dig themselves out of a historic multi-day snow storm.