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Less than half a month away from closing out a year that featured historic falls and surges in stocks, the market finds itself limping towards the finish line as investors become increasingly negative, and the existence of an AI bubble goes from debated narrative to accepted consensus. In our annual look ahead publication, we examine these worries in detail, and look at the economic set-up going forward as well (with a specific focus on Canada and the U.S.)

All the best this holiday season and wishing everyone a wonderful 2026!

Originally published: December 17, 2025