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Carney Government Faces First Budget Confidence Test in Commons

                 Prime Minister Mark Carney's budget needs two opposition MPs to either support or abstain it to pass. The House of Commons is set to hold its first confidence vote tied to Prime Minister Mark Carney’s inaugural federal budget on Thursday evening. The vote will focus on a Conservative sub-amendment to a Bloc Québécois amendment, both of which challenge key elements of the government’s fiscal plan. The Liberal government has declared the votes to be matters of confidence , meaning defeat could trigger a federal election. While the stakes are high, the government is expected to survive this initial test thanks to support from the New Democratic Party (NDP) and the Bloc Québécois , who have both signaled they will vote against the Conservative motion. Interim NDP Leader Don Davies confirmed that his caucus of seven MPs will side with the Liberals, ensuring the defeat of the Conservative sub-amendment. However, Davies ...
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Wall Street Ends a Volatile Week Almost Where It Started

 

After a tumultuous week that saw sharp swings and market uncertainty, Wall Street managed to claw back some losses and finish almost where it began. Here are the key takeaways:

  1. Steady Recovery: The S&P 500 index showed resilience, gaining 0.3% on Friday. This followed its best day since 2022, and it’s now close to erasing the brutal losses suffered earlier in the week.

  2. Mixed Performance: The Dow Jones Industrial Average also edged up by 25 points (0.1%), while the Nasdaq composite rose 0.2%. Both indexes are still on track for slight weekly losses.

  3. Market Factors: The Japanese yen’s sudden strengthening caused turbulence as traders scrambled out of a popular trade. Additionally, concerns about a slowing U.S. economy weighed on investor sentiment.

  4. Upcoming Reports: Next week, investors will closely watch updates on consumer spending at U.S. retailers. These reports could drive further market swings.

In summary, Wall Street weathered a stormy week, and while uncertainties remain, it’s poised for stability as we head into the next trading days. 


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