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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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Stock Market Update: Mixed Finish as Yields Rise in Q2 2024


The stock market kicked off the second quarter of 2024 with a mixed performance, as US treasury yields climbed. Here are the key highlights:

  1. S&P 500 ( ^GSPC): The S&P 500 index closed down 0.2%, reflecting the cautious sentiment among investors.

  2. Dow Jones Industrial Average ( ^DJI): The Dow Jones fell 0.6%, adding to the uncertainty in the market.

  3. Nasdaq Composite ( ^IXIC): The tech-heavy Nasdaq Composite managed to close slightly higher, although it retreated from its earlier session highs.

  4. Bond Yields: The benchmark 10-year Treasury yield (^TNX) rose by 12 basis points to 4.32%, approaching its highest level of the year. This surge in yields raised questions about the economy’s acceleration and its potential impact on the Federal Reserve’s interest rate decisions.

  5. Manufacturing Sector Expansion: Data released on Monday revealed that the US manufacturing sector is in its strongest position since 2022. The Institute for Supply Management’s manufacturing PMI indicated expansion for the first time since September 2022. Additionally, S&P Global reported that production hit a 22-month high last month, signaling continued economic strength.

  6. First Quarter Performance: Equities have started 2024 on a positive note. The S&P 500 has set 22 fresh closing records so far this year, marking its best first quarter since 2019. All three major averages have risen for five consecutive months.

  7. Upcoming Jobs Report: The highlight of the first week of Q2 is Friday’s jobs report, which will provide further insights into the economy’s health and serve as a crucial signal for the Federal Reserve.

In summary, while mixed market performance persists, investors remain watchful of economic indicators and central bank actions. Stay tuned for further updates as the quarter unfolds.


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