Under the new U.S. framework, all countries face a 10% baseline tariff, with significant variations above that depending on country-specific trade policies

In 2025, the U.S. equity market is once again showing signs of imbalance. While the S&P 500 continues to post gains, the rally is being powered by a familiar engine; a handful of mega-cap tech names. Beneath the surface, however, lies a vulnerability that investors shouldn’t ignore—concentration risk.

Inflation affects all aspects of the economy, from consumer spending, business investment and employment rates to government programs, tax policies, and interest rates.

Young families are being driven from Ontario’s biggest cities, with misguided policies and conversions to rental units limiting the supply of affordable homes with three bedrooms or more, according to the University of Ottawa’s Missing Middle Initiative.