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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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Stocks Open on a Positive Note as Earnings Season Kicks Off

 

The stock market opened on a positive note today, with stocks edging up as the earnings season kicks off. The Dow Jones Industrial Average rose by 0.2%, or about 75 points, while the benchmark S&P 500 gained 0.4% and the tech-heavy Nasdaq Composite advanced about 0.3%. 

The earnings season is seen as a crucial chance for stocks to shake off the losses built in the year so far. JPMorgan Chase, Bank of America, and Wells Fargo all posted decent results on Friday, but the latter two saw shares fall as they failed to settle nerves about potential pain ahead.

Oil prices jumped more than 2% after the US and its allies launched airstrikes against Houthi rebels in Yemen, drawing threats of reprisals from the Iran-backed group behind Red Sea attacks on shipping. Meanwhile, investors are looking for more insight into price pressures after the consumer CPI reading came in hotter than expected on Thursday. 

On Friday, the producer price index showed an unexpected fall in prices last month, boosting hopes that inflation will continue to cool in the months ahead.



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