China’s central bank maintained major benchmark lending rates unchanged, with the 1-year loan prime rate at 3.1% and the 5-year LPR at 3.6%, as they assess the impact of recent stimulus measures. Market watchers expected the rates to remain steady this month, with analysts suggesting that a policy rate cut before the end of the year is unlikely, but interest rate cuts may occur in 2025 to support the economy. Despite lackluster economic data in October, such as slower industrial production growth, retail sales beat expectations, indicating that recent stimulus measures are starting to have an effect.
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Liberal candidate invited head of suspected secret Chinese police station to campaign event
MONTREAL — Liberal candidate Alexandra Mendès invited Xixi Li, head of two organizations under investigation by the RCMP for allegedly operating a secret Chinese police station, to a campaign event, causing concern within the Liberal party. Li, who leads the Service à la Famille Chinoise du Grand Montréal and the Centre Sino-Québec de la Rive-Sud, has denied the allegations and filed a defamation lawsuit against the RCMP, which is investigating claims of foreign state-supported intimidation...
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