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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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Population growth outpaces job creation in Canada

 


Canada’s labour market is facing a challenge as the number of people looking for work is growing faster than the number of jobs available. According to Statistics Canada, employment increased by 25,000 in November, but the unemployment rate rose to 5.8 per cent from 5.7 per cent in October. This is because the population aged 15 and over grew by 870,000, or 2.7 per cent, since the beginning of the year, while the net job gain was only 430,000.

The Bank of Canada has been raising interest rates to curb inflation, but this has also slowed down the economy and the demand for labour. Some economists expect the central bank to start cutting rates in the second quarter of next year to stimulate growth and stabilize the labour market.

The job gains in November were concentrated in the private sector, full-time work, manufacturing and construction. However, some industries, such as wholesale and retail trade, finance, insurance and real estate, saw job losses. Younger workers (15 to 24) also faced higher unemployment than other age groups.

Average hourly wages rose 4.8 per cent year over year in November, matching the increase in October. The Bank of Canada is monitoring wage growth for signs of inflationary pressure. Total hours worked across the economy fell 0.7 per cent in November, indicating a weak performance of gross domestic product that month.


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