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TSX Surges to New Heights, Extending Winning Streak to Nine Days

The Toronto Stock Exchange (TSX) continues its impressive rally, closing at yet another record high as its winning streak stretches to nine consecutive trading days. The benchmark S&P/TSX Composite Index  rose 0.3% , adding 74.4 points  to settle at 25,971.9 .  This latest surge marks a 2.4% weekly gain , reinforcing investor optimism amid strong performances across multiple sectors. Healthcare led the charge with a 1.2% increase , while Basic Materials saw a slight dip of 0.2% .  Market analysts attribute the sustained momentum to robust corporate earnings, stable commodity prices, and easing trade tensions . With 74% of TSX-listed stocks closing higher , the bullish sentiment remains strong, fueling expectations for continued growth in the coming weeks.  Investors will be watching closely to see if the TSX can maintain its upward trajectory and extend its streak into double digits.
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Liberal Caucus Faces Crucial Meeting Amid Calls for Trudeau's Resignation

The Liberal caucus is set to convene on Wednesday, January 8, 2025, as pressure mounts for Prime Minister Justin Trudeau to step down. This meeting, called by Liberal national caucus chair Brenda Shanahan, comes in response to growing discontent within the party.

The calls for Trudeau's resignation have intensified following the abrupt resignation of Chrystia Freeland as deputy prime minister and finance minister last month. Liberal MPs from various regions, including Ontario, Quebec, and the Atlantic provinces, have publicly urged Trudeau to resign. Winnipeg South Centre MP Ben Carr recently joined the chorus, citing conversations with constituents and colleagues as the basis for his decision.

The upcoming caucus meeting will be a hybrid event, allowing MPs to participate virtually under strict confidentiality conditions. The meeting aims to address the leadership crisis and determine the party's future direction as opposition parties prepare to introduce a non-confidence motion in the House of Commons.

The outcome of this meeting could significantly impact the Liberal Party's strategy and leadership as they navigate the challenges of 2025 and beyond.

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