The Globe and Mail reports in its Saturday edition that in 2025, despite the impacts of Donald Trump's trade war, the Canadian economy showed resilience. Globe columnist John Rapley writes that the positive outlook stems from a strong performance in global stock markets in 2025, leaving investors feeling wealthy and companies with ample cash. It looks like good news all round. But when sentiment is as unanimous as it is now, contrarians worry that is just the sort of sign a top has been reached, and the downward slide is about to begin. Forecasters predict continued growth for the American economy as they expect government stimulus ahead of the midterm elections. However, several potential pitfalls could disrupt this outlook. Expectations for an artificial intelligence breakthrough are high, but if it does not happen this year, the AI bubble could burst. With cryptocurrencies in a downtrend for 2025, the risk of a crash is growing. Inflation could rebound, driving up interest rates. That would in turn sink markets and weaken the economy. There is a lot to look out for in the new year. Given the relative fragility of the Canadian economy at the moment, 2026 will probably be an anxious year for economy-watchers.