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Mark Carney to Announce Liberal Leadership Bid in Edmonton

  Mark Carney, the former governor of the Bank of Canada and the Bank of England, is set to officially launch his campaign for the leadership of Canada's Liberal Party on Thursday in Edmonton. This announcement comes after Carney's recent appearance on The Daily Show with Jon Stewart, where he hinted at his intentions. Carney's candidacy is expected to bring a fresh perspective to the Liberal Party, drawing on his extensive experience in both national and international finance. Despite Alberta being a Conservative stronghold, Carney's decision to launch his campaign in Edmonton highlights his roots in the province, where he grew up and attended high school. The Liberal Party will choose their next leader on March 9, with candidates required to declare their candidacy by January 23. Carney's entry into the race is anticipated to shake up the competition, as he is seen as a strong contender to succeed Prime Minister Justin Trudeau. Carney's campaign will focus on ...
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U.S. stocks open mixed and turn lower after inflation report as Fed decision looms


  • Inflation data: The U.S. cost of living increased 0.1% month over month and 3.1% year over year in November, slightly higher than expected. Core inflation was in line with estimates at 0.3% month over month and 2.3% year over year.
  • Market reaction: U.S. stocks opened mixed and turned lower after the inflation report, as investors weighed the implications for interest rates and the Fed’s policy outlook. The Dow Jones Industrial Average fell 0.43%, the S&P 500 slid 0.39%, and the Nasdaq Composite dropped 0.2% on Tuesday.
  • Fed decision: The Federal Reserve is set to announce its interest rate decision on Wednesday, with no change expected in the current range of 5.25% to 5.50%. The Fed is also expected to provide an update on its balance sheet reduction plan and its economic projections for 2024 and beyond.
  • Market outlook: The S&P 500 index is near its record high, having gained 20.4% year to date, partly on hopes of slowing inflation and rate cuts in the future. However, some analysts warn that the inflation trend is still above the Fed’s 2% target and that the central bank may have to tighten monetary policy more than expected to keep inflation under control.
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