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Myanmar Earthquake: Death Toll Climbs to 3,145 Amid Ongoing Rescue Efforts

The devastating earthquake that struck Myanmar nearly a week ago has claimed at least 3,145 lives, with search and rescue teams continuing to recover bodies from the rubble. The 7.7 magnitude quake, which had its epicenter near Mandalay, Myanmar's second-largest city, caused widespread destruction, including collapsed buildings, damaged roads, and destroyed bridges.  Humanitarian aid groups are working tirelessly to provide survivors with medical care and shelter, as thousands remain homeless and vulnerable to disease outbreaks. The United Nations estimates that over 17 million people have been affected by the disaster, with more than 9 million severely impacted.  In response to the crisis, Myanmar's military government has declared a temporary ceasefire to facilitate relief efforts. However, ongoing challenges, including communication blackouts and difficult-to-reach areas, have hindered the full assessment of the disaster's impact.  The coming days will be critical in d...
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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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