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Liberal Candidate Paul Chiang Steps Down Amid Controversy

Paul Chiang, a Liberal candidate in the Markham-Unionville riding, has announced his resignation following backlash over comments he made regarding a Conservative opponent, Joe Tay. Chiang suggested that individuals could claim a bounty offered by Hong Kong authorities by turning Tay over to the Chinese consulate. This statement, made during a press conference in January, sparked widespread criticism and raised concerns about foreign interference in Canadian politics. The Royal Canadian Mounted Police (RCMP) has since launched an investigation into the matter, citing potential threats to Canada's democratic processes. Chiang issued an apology, calling his remarks a "deplorable lapse in judgment," but the controversy persisted. Conservative leader Pierre Poilievre condemned the comments, stating that they endangered Tay's safety and sent a chilling message to the community. Chiang's resignation comes as Liberal leader Mark Carney faces mounting pressure to address ...
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Global Markets Surge on Fed Rate Cut Signals



Markets around the world have rallied in response to indications from the Federal Reserve that interest rate cuts may be on the horizon for next year. This optimistic outlook has been fueled by a series of positive sessions, with stocks in Asia joining the upward trend.

Key Highlights:

  • Stock Rally: A global stock index has risen for six consecutive sessions, with notable gains in Australian and South Korean markets. The S&P 500 reached its highest point in nearly two years, and Apple Inc’s shares hit a new high.
  • Fed’s Dovish Stance: The Federal Reserve maintained current rates but hinted at a potential 75 basis point reduction in 2024, as suggested by its "dot plot."
  • Bond Market Gains: Following the Fed’s announcement, the bond market saw a significant uptick, with 10-year Treasury yields dropping below 4% for the first time since August.
  • Inflation Easing: Reports indicate a slowdown in producer-price increases and a decrease in the annual inflation rate, aligning with the Fed’s target.

Investors are now anticipating a “risk-on” rally, expecting strong performance across all markets as the Fed’s dovish stance suggests a more aggressive easing cycle than previously projected.

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