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Stocks Rally on Softer Inflation and Strong Earning

                                      U.S. stocks surged in premarket trading today following softer-than-expected inflation data and upbeat fourth-quarter earnings reports from major companies. The Bureau of Labor Statistics reported that core inflation, which excludes food and energy prices, rose by 3.2% in December, below forecasts for a 3.3% annual increase. This news has raised hopes for a potential second rate cut by the Federal Reserve this year. Investors were also buoyed by strong earnings reports from leading financial institutions. JPMorgan Chase reported its highest annual profit on record, while BlackRock and Goldman Sachs posted impressive quarterly results. The positive sentiment was reflected in the stock market, with U.S. stock index futures soaring by 1.5-1.7%. The dollar fell by 0.5% against a basket of major currencies, and U.S. Treasury yields dropped 8.6 basis points to 4...
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Mark Carney to Announce Liberal Leadership Bid in Edmonton

 

Mark Carney, the former governor of the Bank of Canada and the Bank of England, is set to officially launch his campaign for the leadership of Canada's Liberal Party on Thursday in Edmonton. This announcement comes after Carney's recent appearance on The Daily Show with Jon Stewart, where he hinted at his intentions.

Carney's candidacy is expected to bring a fresh perspective to the Liberal Party, drawing on his extensive experience in both national and international finance. Despite Alberta being a Conservative stronghold, Carney's decision to launch his campaign in Edmonton highlights his roots in the province, where he grew up and attended high school.

The Liberal Party will choose their next leader on March 9, with candidates required to declare their candidacy by January 23. Carney's entry into the race is anticipated to shake up the competition, as he is seen as a strong contender to succeed Prime Minister Justin Trudeau.

Carney's campaign will focus on addressing global challenges and economic opportunities, leveraging his background in finance to propose solutions for Canada's future. His commitment to country, community, faith, and family is expected to resonate with voters across the nation.

As the leadership race unfolds, Carney's financial expertise and strategic positioning could prove pivotal in contesting Conservative Party leader Pierre Poilievre, who has consistently led polls over Trudeau’s Liberals.



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