Dollar soars almost a percent to close at 91.15, highest close since December 2005

Grand Rapids, MI, finishes 2014 with a total temperature anomaly of -30.3 degrees F

December was 2.7 degrees F above normal and nearly snowless with just one inch, most of which came on December 31st, a welcome respite from the all-time record snows of November at 31 inches, accompanied as those were by below normal temperatures totaling 5.8 degrees F.

The temperature deficit from normal through November of 33 degrees F was thus reduced to 30.3 degrees F total for 2014, for a monthly average deficit of 2.525 degrees F.

Collapsing oil prices will blow a $1.4 billion hole in Canada's tax revenues, wiping out the projected surplus

So says Garth Turner, here, at The Greater Fool:

Fully 30% of the pump price is federal and provincial tax, of which 12% goes to Ottawa. It’s now clear that with buck-a-litre gasoline that Canadians will spend about $12 billion less filling up in 2015 than last year. There alone is $1.4 billion Joe Owe won’t have to play around with – and he was forecasting [a] surplus of less than a billion.

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Nice nuts on the truck, Garth.