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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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Inflation data boosts stock market confidence


The stock market surged on Tuesday, as investors welcomed the latest data on consumer prices that showed a lower-than-expected increase in inflation. 

The Dow Jones Industrial Average jumped 1.4%, while the S&P 500 and the Nasdaq Composite gained 1.1% and 0.9%, respectively. The Consumer Price Index (CPI) rose 0.4% in October, below the consensus estimate of 0.5%. 

The core CPI, which excludes food and energy, also increased 0.4%, matching expectations. The annual inflation rate eased slightly to 6.2% from 6.8% in September, but remained at the highest level since 1990. The core inflation rate dipped to 4.6% from 4.9%.

The inflation report eased some of the fears that the Federal Reserve might have to tighten its monetary policy sooner and more aggressively than anticipated to combat rising prices. 

The Fed has maintained that inflation is largely transitory and will subside as the economy recovers from the pandemic-induced disruptions. However, some analysts warned that inflation pressures could persist for longer than expected, as supply chain bottlenecks, labor shortages, and strong consumer demand continue to drive up costs.


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