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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 500 Surges to Record High, Dow Soars Over 475 Points

 

After several days of red closings, US stocks rebounded today, with the S&P 500 reaching a fresh record and the Dow Jones Industrial Average surging more than 475 points. Here are the key highlights:

  1. S&P 500 Hits New High: The S&P 500 (symbol: ^GSPC) closed at an all-time high of 5,248.50, marking a remarkable 0.8% increase. This benchmark index has set a new record closing high over 20 times this year, signaling its resilience and potential for further gains.

  2. Dow Jones Rises: The blue-chip Dow Jones Industrial Average (symbol: ^DJI) rose approximately 1.2%, reaching 37,863.80. Investors welcomed this surge after a three-day losing streak for the S&P 500.

  3. Nasdaq Composite Gains: The tech-heavy Nasdaq Composite (symbol: ^IXIC) also participated in the rally, gaining 0.5%.

  4. Monthly Momentum: The S&P 500 is on track for its fifth-straight monthly gain, suggesting a positive outlook for the market. Investors eagerly await the release of the Personal Consumption Expenditures (PCE) price index, which includes the Federal Reserve’s preferred inflation measure.

  5. Meme Stocks Return: Reddit-fueled stocks are back in focus. Reddit (symbol: RDDT) experienced a surge, while Trump Media and Technology (symbol: DJT), founded by presumptive Republican presidential nominee Donald Trump, gained momentum. However, GameStop (symbol: GME), an OG meme stock, faced a 15% plunge due to an “unsustainable” sales decline and job cuts.

  6. Sector Performance: Utilities (symbol: XLU) and Real Estate (symbol: XLRE) led the trade, rising more than 2% each. The Russell 2000 Index (symbol: ^RUT) also outperformed, rising over 1.7%.

  7. Notable Tickers: Carnival Corporation (symbol: CCL) reported booking volumes, while Merck (symbol: MRK) gained after FDA approval for a drug treating a rare lung condition. Robinhood (symbol: HOOD) announced the launch of its first credit card.

As the stock market continues its dynamic journey, investors remain vigilant, balancing optimism with caution. The world watches as indices break records, hoping for stability and prosperity in these uncertain times.


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