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Jeneroux’s Defection Pushes Carney Closer to Majority

                                                      MP Matt Jeneroux Prime Minister Mark Carney’s Liberal government has moved one seat nearer to a majority after Edmonton MP Matt Jeneroux crossed the floor from the Conservatives to join the governing caucus. Jeneroux, who had previously announced plans to resign, instead opted to align himself with Carney’s agenda, becoming the latest in a string of Conservative MPs to defect. Carney welcomed Jeneroux publicly, highlighting his experience and announcing that the Alberta MP will serve as a special adviser on economic and security partnerships. The move spares the government a byelection in Edmonton and adds further momentum to the Liberals’ recent gains, which have included multiple high‑profile floor crossings.  Jeneroux’s decision underscores shifting political dynami...
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Markets Surge on Positive U.S. Retail Data


The stock markets opened with a bang today as both the TSX and the S&P 500 reached record highs, buoyed by encouraging U.S. retail data.

The S&P 500 climbed by 1.2%, closing at 5,308.15, while the TSX Composite Index rose by 41.42 points to settle at 22,284.76. This surge was driven by strong performances in the technology and utility sectors, reflecting investor optimism following a favorable U.S. retail sales report.

The U.S. retail data showed a robust increase in consumer spending, which has been a key indicator of economic health. This positive sentiment was further bolstered by lower-than-expected inflation figures, providing a double dose of good news for the markets.

Kathrin Forrest, an equity investment specialist at Capital Group, noted, "It’s been a really constructive day for equities, certainly in North America. The technology sector, in particular, ended the week with a strong rally, led by semiconductor companies".

As investors continue to digest these positive economic indicators, the outlook for the markets remains optimistic. The combination of strong retail sales and manageable inflation suggests a resilient economy, which is likely to keep the markets buoyant in the near term.


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