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5 Things to Know Today: The Money News Shaping Your Week 1. Canada’s Economy Grew Faster Than Expected Canada’s economy expanded at an annualized 2.6% in Q4, driven by stronger household spending, exports, and business investment. 2. Manitoba Fast‑Tracks Major Infrastructure Projects A new federal‑provincial agreement introduces a “one project, one review” system to accelerate ports, highways, and energy corridors. 3. Job Market Shows a Small but Positive Uptick Canada added 14,000 jobs in March, with wages rising 4.7% — a key factor ahead of the Bank of Canada’s April 29 rate decision. 4. Oil Markets Remain Volatile After Hormuz Reopening Iran has reopened the Strait of Hormuz, but analysts warn global oil markets may take time to stabilize. 5. Canadians Face Rising Affordability Pressures More Canadians are turning to budgeting tools as inflation, energy costs, and housing pressures persist.

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South Korea Considers Supplying Arms to Ukraine After Russia-North Korea Pact

 

In a significant policy shift, South Korea has expressed its willingness to consider sending arms to Ukraine. This decision comes after Russia and North Korea signed a defense pact, pledging mutual aid in the event of war. The agreement, which observers believe marks a strong connection between Moscow and Pyongyang since the Cold War’s end, has raised concerns in the region and beyond.

The pact, signed during a summit in Pyongyang, outlines that if either country faces invasion and is pushed into a state of war, the other must provide “military and other assistance” without delay. However, this assistance must align with both countries’ laws and Article 51 of the United Nations Charter, recognizing a member state’s right to self-defense.

South Korea’s presidential office swiftly condemned the agreement, calling it a threat to its security and a violation of U.N. Security Council resolutions. The office warned that this development could strain Seoul’s relations with Moscow. National security adviser Chang Ho-jin stated that Seoul would reconsider providing arms to Ukraine to counter Russia’s invasion.

This situation highlights the delicate balance between regional security concerns and geopolitical dynamics, as South Korea navigates its response to the Russia-North Korea pac. The world watches closely as tensions escalate and alliances shift in the face of global challenges.


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