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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 Stocks Stall as Fed Decision Day Arrives

                                             

Wall Street is on edge today as the Federal Reserve prepares to announce its next interest rate decision at 2 p.m. ET. Investors and Main Street alike are closely watching Chair Jerome Powell’s press conference following the decision. The stakes are high, and caution prevails as the market awaits any potential shifts in the Fed’s stance. Here are the current points

  • The S&P 500 opened flat, fresh off an all-time closing high.
  • The Dow Jones Industrial Average dipped 0.2%.
  • The tech-heavy Nasdaq Composite gained 0.2%.

While no change in interest rates is expected this afternoon, all eyes are on the “dot plot.” Analysts suspect that recent hotter-than-expected inflation readings and signs of strength in the US economy could prompt policymakers to forecast rate cuts in 2024, up from the previous three. This uncertainty could weigh on stocks and impact the recent rally.

Bonds are also in focus. Yields on the 10-year Treasury were slightly lower at around 4.28%, after rising over 20 basis points in the past two weeks. The Fed’s statement could further influence bond yields.

On the corporate front, luxury group Kering (KER.PA) (PPRUY) issued a warning that sales at its biggest brand, Gucci, fell 20% in the first quarter, causing shares to slump as much as 15% in Paris.

As the Fed’s decision looms, investors are treading carefully. The market awaits clarity on the central bank’s outlook for the months ahead. Buckle up for a potentially bumpy ride as the dot plot takes center stage! 

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