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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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US Markets Slip as Earnings Pour In Ahead of Fed Rate Decision

 

Wall Street limped early Tuesday with corporate earnings rolling in and the Federal Reserve’s next interest rate decision imminent. 

Futures for the S&P 500 and futures for the Dow Jones industrials each slipped less than 0.2% before the bell. UPS tumbled more than 7% after the package delivery company unexpectedly dialed back expectations for the year. General Motors climbed nearly 8% as the automaker’s profit and sales rose by double-digit percentages last year. Microsoft, Google and Starbucks report their latest financial results after the bell Tuesday. Also Tuesday, the US reports on job openings for November and the Conference Board releases consumer confidence data for January. 

On Wednesday, the Federal Reserve will make its next decision on what to do with interest rates. Most expect the Fed will no make any changes, but there is hope that it may cut rates in March. That would be the first downward move since the Fed began dramatically raising interest rates two years ago to get inflation under control. 

There is a lot of evidence suggesting that the Fed may be able to pull off a so-called economic “soft landing” after a period of accelerated inflation. The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship. On Friday, the U.S. government will release its monthly jobs report. Economists expect continued growth in hiring, but at a cooler pace. That’s exactly what the Fed wants to see after surging U.S. growth contributed to rising prices.


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