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Maddeaux suspends nomination campaign citing election corruption

The Conservative Party of Canada suddenly has a major problem on its hands. The party is facing allegations of a lack of elections integrity for the nomination of a member for the Aurora-Oak Ridges-Richmond Hill riding in Ontario.

Sabrina Maddeaux, a former columnist for the National Post, has suspended her candidacy for the riding stating she no longer has faith in the elections integrity.

“Despite raising concerns to the Conservative Party nearly two weeks ago –– despite submitting clear evidence of a corrupted process and potential illegal actions taken by another campaign –– nothing has been done. There has been no evidence that a promised internal investigation is actually underway,” Maddeaux commented on Twitter, in both a video she published as well as a related thread she posted.

You can read more on the matter here.

What’s going on?

• No More Public Drug Use: BC Amends Drug Decriminalization Policy, Effective Immediately (theDeepDive)

• Biden’s Threat to Freeze Some Weapons Deliveries Raises Alarm in Israel (WSJ)

• Tesla's Largest Retail Shareholder Says Elon Musk Is a ‘Magician’ Who’s Only in it ‘for Money and Power’ (theDeepDive)

• Bailey Signals BOE May Cut Rates More Quickly Than Expected (Bloomberg)

• This Flirting App Is Making $190K A Month from Repackaging ChatGPT (theDeepDive)

• NYC sued for denying gay employees in vitro fertilization coverage (Reuters)

• Israel Appears To Lose Support Of Biden As Weapons Withheld Over Rafah (theDeepDive)

• Boeing cargo plane lands without front nose gear in Istanbul; investigation launched (CNBC)

• TikTok Accidentally Made The Case For US National Security Concern, Admits Chinese Gov’t Won’t Allow Divestment (theDeepDive)

• Bank of Canada says households can cope with higher rates (BNN)

• Rent Outpaces Wage Growth In Most Major US Cities (theDeepDive)

What’s the latest?

• Immigration Shortcomings: Canada’s recruitment strategy appears to be broken for international students. Between 2018 and 2023, 27% of study permits were granted for business-related programs, significantly outnumbering permits for health sciences, medicine, and biomedical sciences, which made up only 6% of the total. This distribution suggests that recruitment strategies may not be effectively targeted towards sectors where there is a critical demand for workers.

• BoC Isn’t Worried: The Bank of Canada's annual review suggests that Canadian households are adapting well to higher interest rates, leveraging higher wages and savings to manage increased borrowing costs effectively. The financial system is described as resilient, but the Bank remains cautious about the potential risks from overvalued financial assets and the rising business insolvencies.

• Argentina Strikes: In Argentina a major general strike has significantly disrupted daily operations across various sectors due to widespread opposition to President Javier Milei's austerity measures. The strike, participated in by most major unions, has led to the shutdown of public transport, the grains crushing sector, supermarkets, airports, and banks for 24 hours.

• US Jobless Claims: The number of Americans filing for unemployment benefits rose to 231,000 for the week ending May 4, marking the highest level in more than eight months and the largest increase in nearly four months. This uptick in jobless claims, along with recent data showing a slowdown in job additions and a drop in job openings, suggests a cooling labor market.

• TikTok AI Labeling: TikTok has announced plans to label images and videos on its platform that were generated using artificial intelligence. This initiative extends to AI-generated content created outside of TikTok, enhancing existing measures that label internally created AI content.

Gold rally is just beginning

The stock market and stuff

• AstraZeneca COVID-19 Vaccine to Be Pulled from Markets Worldwide (theDeepDive)

• Canada fines Binance $4.38 mln for money laundering violations (Reuters)

• Norfolk Southern Chief Survives Activist’s Push to Oust Him (WSJ)

In the juniors

• Montage Gold Obtains Environmental Permit For Kone Project (theDeepDive)

• Cabral Gold Extends Drilling Program at Cuiú Cuiú Gold District, Brazil (JMN)

• Basin Uranium Reports Maiden Resource Of 2.75 Million Pounds U3O8 At Chord (theDeepDive)

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