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Carney Government Faces First Budget Confidence Test in Commons

                 Prime Minister Mark Carney's budget needs two opposition MPs to either support or abstain it to pass. The House of Commons is set to hold its first confidence vote tied to Prime Minister Mark Carney’s inaugural federal budget on Thursday evening. The vote will focus on a Conservative sub-amendment to a Bloc Québécois amendment, both of which challenge key elements of the government’s fiscal plan. The Liberal government has declared the votes to be matters of confidence , meaning defeat could trigger a federal election. While the stakes are high, the government is expected to survive this initial test thanks to support from the New Democratic Party (NDP) and the Bloc Québécois , who have both signaled they will vote against the Conservative motion. Interim NDP Leader Don Davies confirmed that his caucus of seven MPs will side with the Liberals, ensuring the defeat of the Conservative sub-amendment. However, Davies ...
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Wall Street Cheers Trump’s Treasury Pick, Stocks Rise

                                    

U.S. stocks saw a significant rise on Thursday as Wall Street reacted positively to President-elect Donald Trump's announcement of his Treasury Secretary pick, hedge fund manager Scott Bessent. The Dow Jones Industrial Average climbed by 461 points, or 1.1%, while the S&P 500 and Nasdaq Composite also posted gains.

Investors welcomed Bessent's nomination, viewing it as a sign of stability and a potential boost to economic policies. The market's optimism was further fueled by strong earnings reports from companies like Nvidia, which exceeded profit and revenue expectations.

As the market continues to react to Trump's cabinet selections, all eyes will be on upcoming retail earnings reports and other economic indicators to gauge the future direction of the stock market.



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