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Avi Lewis Wins Federal NDP Leadership in First-Ballot Victory

Avi Lewis, who was proclaimed as the new leader of the NDP, speaks at the party convention in Winnipeg Sunday, March 29, 2026. Filmmaker and longtime activist Avi Lewis has been elected the new leader of the federal New Democratic Party , securing a decisive first‑ballot win with nearly 40,000 votes out of roughly 71,000 cast . His victory marks a significant shift for the party as grassroots members push for a more unapologetically left‑wing direction.  Lewis’s win signals renewed momentum for the NDP after a difficult federal election year. His campaign championed bold proposals—including expanding public ownership in key sectors—and emphasized rebuilding the party from the ground up. He inherits a party reduced to six seats in the House of Commons and facing internal tensions over energy policy, particularly from Alberta and Saskatchewan NDP leaders who warn his positions could harm workers in their provinces.  In his victory speech at the Winnipeg convention, Lewis call...
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S&P/TSX Composite Index Surges: Canadian Markets Rally Alongside U.S. Stocks

 

In a robust trading session, the S&P/TSX composite index soared by nearly 200 points on Wednesday, fueled by broad-based strength across various sectors. Simultaneously, U.S. markets also experienced gains, with the Dow Jones industrial average leading the charge.

Key Highlights:

  1. Canadian Surge: The S&P/TSX composite index closed up 194.56 points at 22,107.08, reflecting the bullish sentiment in the Canadian market. Notably, base metals and industrials played a pivotal role in driving this upward trajectory.

  2. U.S. Market Momentum: Across the border, U.S. markets followed suit. The Dow Jones industrial average surged by 477.75 points, reaching 39,760.08. Meanwhile, the S&P 500 index climbed 44.91 points to 5,248.49, and the Nasdaq composite gained 83.82 points, closing at 16,399.52.

  3. Currency and Commodities: The Canadian dollar traded at 73.60 cents U.S., slightly lower than the previous day. Crude oil prices dipped, with the May contract down 27 cents at US$81.35 per barrel. Natural gas also saw a decline, with the May contract down seven cents at US$1.72 per mmBTU. On the other hand, gold prices rose, with the June contract up US$13.50 at US$2,212.70 per ounce, while copper remained steady at US$4 per pound.

This bullish momentum reflects investor optimism and economic resilience, even amidst global uncertainties. As we move forward, market participants will closely monitor developments and continue to assess the impact of various factors on stock performance.


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