China’s factory activity unexpectedly contracted in January, with the official purchasing managers’ index falling to 49.1, below expectations. The slow season ahead of the Lunar New Year contributed to this decline, as migrant workers returned home. However, industrial profits jumped 11% in December, showing signs of recovery after months of decline, while the full-year industrial profits for 2024 fell 3.3% from the previous year.
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Kelly McParland: Monday's election was a wake-up call for the Conservatives
Conservative Leader Pierre Poilievre's failure to secure victory in the recent election is attributed to his rigid campaign strategies and inability to adapt to changing circumstances, particularly with the rise of Liberal Leader Mark Carney. Despite strong support in Alberta, Poilievre's disconnect with Progressive Conservative premiers, like Doug Ford and Tim Houston, alienated crucial conservative factions. The election results indicated that voters preferred a leader who could resonate with a broader audience, contrasting Poilievre's self-assured...
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