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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 Futures Struggle Ahead of Key Economic Data

US stock futures showed mixed signals on Tuesday as investors weighed delayed economic reports on retail sales and inflation against hopes for a Federal Reserve rate cut next month. Dow Jones futures edged 0.1% higher, S&P 500 futures slipped 0.1%, and Nasdaq 100 futures fell 0.2% following Monday’s strong rebound in technology stocks.

The market’s cautious tone reflects uncertainty over consumer spending and price pressures, with the producer price index (PPI) and retail sales data expected to provide fresh insight into the economy. These reports will be among the last inflation readings before the Fed’s December policy meeting, where traders are still pricing in a high probability of a rate cut.

Monday’s rally, led by tech megacaps, gave the Nasdaq Composite its best single-day performance since May. However, major indexes remain on track for monthly losses, as investors reassess lofty valuations in AI and growth stocks. Nvidia shares came under pressure after reports suggested Meta may spend billions on Google’s AI chips, signaling intensifying competition in the sector.

Retail earnings are also in focus, with companies like Best Buy and Kohl’s reporting results. These updates, combined with inflation data, could set the tone for markets heading into December. Analysts caution that while optimism about rate cuts has buoyed sentiment, volatility remains high, and any surprises in economic data could quickly reverse momentum.

In summary, Wall Street futures are wobbling as investors balance short-term optimism about Fed policy with lingering concerns over inflation and consumer demand. The coming data releases will likely determine whether the recent tech-led rebound can sustain itself or if markets will retreat once again.


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