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Carney Government Secures Crucial Budget Victory

Prime Minister Mark Carney and Minister of Finance and National Revenue Francois-Philippe Champagne applaud following a vote on the federal budget on Parliament Hill in Ottawa, Monday, Nov. 17, 2025. The Carney government has successfully survived a confidence vote on its federal budget, ensuring the administration remains in power and its fiscal plan moves forward. The vote, seen as a critical test of the government’s stability, passed after tense debate in Parliament, with opposition parties pressing hard against key spending measures. By winning the confidence motion, Prime Minister Carney’s team has reinforced its mandate to implement economic policies aimed at growth and fiscal responsibility. Analysts suggest the outcome will provide short-term stability, though challenges remain as the government faces scrutiny over rising costs and long-term debt management. The victory signals that, for now, the Carney government retains enough parliamentary support to continue governing, w...
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Stock Market Update: Record Highs Driven by Nvidia’s Earnings Surge

 

The stock market witnessed a whirlwind week, fueled by the remarkable performance of AI chipmaker Nvidia (NVDA). As the week drew to a close, both the S&P 500 and the Dow Jones Industrial Average achieved fresh record highs.

  • S&P 500: The broad market index inched higher, closing at 5,088.80, surpassing the 5,100 mark for the first time.
  • Dow Jones Industrial Average: The Dow added 62.42 points, reaching an all-time high of 39,131.53.
  • Nasdaq Composite: Although the Nasdaq Composite retreated slightly, closing down 0.3%, it had already notched a fresh 52-week high earlier in the session.

Nvidia’s blowout earnings sent shockwaves through the market, adding approximately $277 billion to the company’s market value. This surge marked the largest single-day gain in Wall Street history. The chipmaker’s shares continued their ascent, bringing the company tantalizingly close to a $2 trillion valuation.

Amidst the AI frenzy, investors are also contemplating the possibility of a US interest rate cut. Federal Reserve officials have hinted at impending cuts, although the timing remains uncertain.

As the solid fourth-quarter earnings season winds down, several companies have impressed Wall Street:

  • Block (SQ): An upbeat earnings forecast from Square led to a 16% jump in the fintech company’s shares.
  • Carvana (CVNA): Investors welcomed the used-car seller’s first annual profit, resulting in a 30% surge in Carvana’s stock.

In summary, Wall Street’s record-breaking week was driven by Nvidia’s stellar performance, and investors are keeping a close eye on interest rate developments. As the market continues to evolve, stay tuned for further updates.


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