10:07:01 EST Mon 29 Dec 2025
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Globe says for TSX, 2025 was an improbably stellar year

2025-12-29 06:01 ET - In the News

The Globe and Mail in its Saturday edition says remember back in February, when Bombardier punched Tesla in the face, and then Royal Bank of Canada passed the puck to the high slot, where Shopify one-timed it over Microsoft's shoulder to win the 4 Nations Stock Face-Off? The Globe's Tim Shufet admits he might be mixing things up, but the whole year is a blur of Canadian patriotism and anti-American anger. The important thing is, in the stock market, as in hockey, we beat the Yanks. It was an improbably stellar year for Canadian stocks, one of the best on record, in fact. By now we all know the stock market and the real economy are two very different beasts. Never has that been more apparent than in 2025, when Canadian prosperity came under attack and the future of the economy put in grave danger. Most of the gains in domestic equities came from the run-up in gold prices and the performance of the big banks, but it is best not to dissect moral victories. Mr. Shufelt writes that we should hope there is another one coming on the ice in February at the Olympics in Milan, Italy. Canada's elbows may be down on the tariff front, but we can bloody well get them up in the corners.

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