Also: Alberta’s first reported vaping illness; Australia coastal evacuations from fires
as the U.S. killing of a top Iranian commander in an air strike in Iraq ratcheted up tensions between the two powers. Traders were clearly spooked. Europe’s stock markets fell 0.5% in early trading as hopes for a lengthy New Year rally vanished. Safe havens gained, with Japan’s yen rising half a percent to the dollar to a two-month high and the Swiss franc hitting its highest against the euro since September.
“The federal government must demonstrate the political courage to make such a choice, and accept the potential monetary cost as the price of safeguarding Canadians’ privacy and our country’s security." Lombardi is a fellow with the Canadian Global Affairs Institute, focused on the impact of emerging technologies on trade and foreign affairs.“There is no guarantee that strong international signals would deter Beijing if China ran out of patience, but the consequences should clearly be put on the table.”
Welch is the university research chair and a professor of political science at the Balsillie School of International Affairs, University of Waterloo.
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