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Liberal Ranks Grow as Michael Ma Joins Carney’s Team

                      Markham-Unionville MP Michael Ma crossed the floor to join the Liberals on Thursday. In a dramatic political shift on Parliament Hill, Michael Ma, the Member of Parliament for Markham–Unionville, announced on December 11, 2025, that he is leaving the Conservative caucus to sit with the Liberals . His decision follows weeks of consultation with constituents and family, and comes on the heels of Nova Scotia MP Chris d’Entremont’s defection last month. Ma explained that his move was motivated by a desire for “unity and decisive action for Canada’s future.” He praised Prime Minister Mark Carney’s leadership, describing it as a steady and practical approach to tackling pressing issues such as affordability, economic growth, community safety, and opportunities for young families. The floor-crossing is politically significant: the Liberals now hold 171 seats, just one short of a majority in the House of...
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S&P/TSX Composite Slips as U.S. Markets Surge

 

In a mixed start to the week, Canada’s main stock index, the S&P/TSX composite, dipped slightly, shedding 51.22 points to close at 21,587.88. Meanwhile, U.S. markets continued their ascent, with the Dow Jones industrial average gaining 188.94 points, reaching 38,778.10. The S&P 500 index also rose by 41.63 points to 5,473.23, and the Nasdaq composite climbed 168.14 points to 17,857.02.

Investors on both sides of the border are adjusting to recent interest rate decisions by the U.S. Federal Reserve and the Bank of Canada. While the TSX experienced some losses, optimism remains, buoyed by positive housing starts data in Montreal and Toronto.

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