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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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Stock Market Today: Record Highs as Fed Signals Delay in Rate Cuts



Investors rejoiced today as Wall Street surged to new heights, building upon a record-setting rally. The Federal Reserve’s recent signals of delaying but not slowing down rate cuts fueled the market’s optimism.

Key Highlights:

  1. Fed’s Decision: The Federal Reserve announced its decision to keep interest rates steady, but with a twist. It expects to cut rates three times this year, providing a boost to investor confidence.

  2. Reddit’s IPO: Social media giant Reddit (RDDT) made its public debut on the New York Stock Exchange (NYSE) today. Priced at $34 per share, the company is now valued at nearly $6.5 billion.

  3. Market Rally: All three major indices – the Dow Jones Industrial Average (DJI), Nasdaq Composite (IXIC), and S&P 500 (GSPC) – closed at new highs. The S&P 500 surpassed the 5,200 level, while the tech-heavy Nasdaq Composite moved up 0.9%.

  4. Inflation Concerns: Despite sticky inflation data, the Fed maintained its outlook for three rate cuts in 2024. Policymakers remain committed to their easing strategy.

  5. Gold Soars: Gold prices (GC=F) jumped to a record above $2,200 an ounce, reflecting investors’ confidence in the Fed’s approach.

  6. AI Growth and Beyond: While AI growth continues to boost tech stocks, other market drivers are likely to come into focus in the coming weeks.

  7. Swiss National Bank’s Move: The Swiss National Bank surprised markets by lowering interest rates, signaling confidence that tightening has peaked in leading economies.

With the next Fed policy meeting scheduled for May, investors will closely monitor economic indicators and corporate developments. As Reddit joins the NYSE, and Micron (MU) shares surge, the market remains dynamic and full of opportunities.

Stay tuned for more updates as the stock market continues its upward trajectory.


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