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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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Wall Street Soars: S&P 500 Sets New Record in Market Surge

         

                               S&P 500

In a remarkable display of market resilience, the S&P 500 has soared to new heights, closing at a record high and signaling a robust phase for the U.S. economy. The index, a bellwether for American equities, has been buoyed by a surge in technology stocks and investor optimism ahead of key economic data releases.

The latest rally comes on the heels of Federal Reserve Chair Jerome Powell’s testimony, which hinted at a potential easing of interest rates later in the year. This prospect has fueled investor confidence, propelling the S&P 500 to its 16th record close for the year.

Market analysts are closely watching the upcoming jobs data, which could provide further clues on the trajectory of the economy and the Fed’s policy decisions. Meanwhile, corporate news has also influenced trading patterns, with shares of New York Community Bancorp jumping after the announcement of a dividend cut.

As Wall Street celebrates this milestone, investors remain cautiously optimistic, aware that the path ahead is paved with both opportunities and challenges. The focus now shifts to the jobs report, which will likely play a pivotal role in shaping market sentiment in the coming weeks.


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