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Beijing’s Show of Force: China Launches Major Drills Around Taiwan

  A ship fires a weapon during drills east of Taiwan in this screenshot from a video released by the Eastern Theater Command of China's People's Liberation Army (PLA) on Dec. 29, 2025. China has initiated large‑scale military exercises around Taiwan, framing the operation as a direct warning to what it calls separatist forces and foreign supporters. The drills, conducted by the Eastern Theatre Command, involve naval vessels, fighter jets, and missile units operating across multiple zones encircling the island. According to Chinese military statements, the exercises are designed to test joint combat readiness and simulate scenarios such as blockades and precision strikes. The move follows heightened tensions over international engagement with Taiwan, including recent arms sales and diplomatic exchanges that Beijing views as challenges to its sovereignty claims. Taiwan’s defense ministry denounced the drills as coercive and destabilizing, placing its military on alert and trac...
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Economic Headwinds: Canada Braces for a Challenging Year Ahead

 

As the world cautiously emerges from an aggressive cycle of interest rate hikes, a sense of optimism has begun to permeate global markets. The United States, in particular, has exceeded economic growth expectations. However, this newfound hope may not extend to Canada, where economists warn of tougher times ahead.

High Recession Risks: Canada faces a unique set of challenges, including high household debt and a housing market that’s cooling more rapidly than anticipated. Economists from Toronto Dominion and Bank of Montreal predict a “bumpier landing” for Canada, with growth expected to decelerate sharply in the coming year.

Consumer Spending Slowdown: The tightening of consumer belts is anticipated to peak soon, significantly slowing spending and contributing to an economic slowdown. Business investments are also expected to retract, further dampening growth prospects.

Potential Rate Cuts: In response to stalling growth, the Bank of Canada may initiate interest rate cuts as early as spring. While the exact timing and extent of these cuts remain uncertain, they represent a glimmer of hope for an economy on the brink of recession.

In conclusion, while the global economy shows signs of recovery, Canada must navigate a precarious path, balancing the need for fiscal prudence with measures to stimulate growth and mitigate the risk of a recession.

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