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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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US Employers Add 353,000 Jobs in January, Defying High Interest Rates and Inflation Pressures

 

The US economy has shown remarkable resilience in the face of the highest interest rates in two decades, with employers adding 353,000 jobs in January, according to a report by the Labor Department. This figure surpassed the 333,000 jobs added in December, which was itself revised upwards. The unemployment rate remained at 3.7%, just off a half-century low.

This latest report is a further sign of the economy’s continuing ability to shrug off the impact of high interest rates. It also highlights employers’ willingness to keep hiring to meet steady consumer spending. The gains far exceeded expectations and come as the intensifying presidential campaign is pivoting in no small part on views of President Joe Biden’s economic stewardship.

The Federal Reserve has taken note of the economy’s durability, with Chair Jerome Powell saying “the economy is performing well, the labor market remains strong”. The Fed made clear that while it’s nearing a long-awaited shift toward cutting interest rates, it’s in no hurry to do so.

The report is a welcome boost for the US economy, which has been facing headwinds from the pandemic and inflation. The latest gains showcase the strength of the US economy and its ability to weather the storm of high interest rates and inflation pressures.


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