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Strategic Alliances in a Shifting Global Landscape

In a world marked by geopolitical tensions and shifting alliances, Russian President Vladimir Putin and Chinese President Xi Jinping have positioned themselves as defenders of a new world order. Their recent meeting in Moscow, coinciding with the 80th anniversary of the end of World War II, underscored their commitment to countering Western influence and promoting a multipolar global system. During the talks, Putin and Xi emphasized their shared vision of international stability, rejecting what they described as "unilateralism and bullying"—a veiled reference to the United States. Xi reaffirmed China's support for Russia, highlighting their strategic partnership and mutual interests in shaping global governance. The leaders also pledged to safeguard the authority of the United Nations and advocate for the rights of developing nations. This alliance comes at a critical time, as both nations face economic and political challenges. Russia continues to navigate Western sancti...
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US Stocks Hit Record Highs as Canada Lags Behind


The US stock markets continued their upward momentum on Friday, reaching new record highs amid a strong jobs report and a rally in tech giants. The S&P 500 index rose 1.3% to close at 4,937.96, while the Nasdaq composite surged 1.9% to end at 15,536.25. Meta Platforms and Amazon were among the biggest gainers, as the former announced a surge in profits and the latter beat earnings expectations.

The US economy added 304,000 jobs in January, beating forecasts and signaling a robust recovery from the pandemic. The unemployment rate fell to 3.6%, the lowest since March 2020. The solid labor data boosted investor confidence and reduced the odds of a rate cut by the Federal Reserve in the near future.

Meanwhile, Canada’s main stock index posted a small loss on Friday, weighed down by losses in the base metal, telecommunications and utility sectors. The S&P/TSX composite index fell 0.3% to finish at 21,052.57. The Canadian dollar traded for 74.32 cents US, down from 74.60 cents US on Thursday.

The Canadian economy shed 71,000 jobs in January, missing expectations and reversing some of the gains made in December. The unemployment rate rose to 6.4%, the highest since June 2020. The disappointing jobs report added to the concerns over the impact of the Omicron variant and the high inflation on the Canadian economy.

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