Nightmare On Bay Street 2025

It was a dark and stormy night…

Uncertainty and danger lurked around every corner as an eerie orange glow lingered over the street. While elbows were up, they could only remain so for so long, and one misstep could spell disaster.

Tariffs were being levied like a scythe through the weeds, cutting profits in one fell swoop. Condolences to the ones brave enough to peek above the weeds in hopes of avoiding the gaze of the orange glow.

Fortunately for Bay Street, the markets have prevailed, but unlike the breakout sector, all that glitters is not gold. The TSX sits at all-time highs and historical highs on valuation, balancing on the tightrope between skyscrapers as economic headwinds begin to blow.

Meanwhile, a new ghoul has floated into the street with a low robotic hum that can be heard in every town, sector, and business. It is hard to see, but its presence is obvious. It will not stop, nor will it be stopped until it has turned over every rock and garbage bin to find you…and your job.

It has a siren song that draws you in with the allure of productivity but slowly turns you into one of its robotic zombies, no longer thinking for yourself but thinking for “the hive”, absorbing your thoughts and then eventually absorbing…YOU.

Its army slowly grows in far-off data centres where it learns, plans, and EXECUTES its strategy of global domination. The ghoul goes by many names, but its intelligence has become far from artificial as it bridges the gap from software to robots and consumes vast energy resources as its sustenance and lifeblood.

Some have managed to use its own tools against it, many have failed, and much remains to be seen on how the ghoul continues its long, slow stride down Bay Street.

But for now, there are closer dangers at hand. The orange glow continues to linger, and inflationary monsters from the past, while beaten back, continue to bide their time as they gain strength.

While things might seem bleak on this dark night, we have tools at our disposal. The creaky lever of interest rates could be pulled to allow the sun to shine and beat back the effects of the orange glow. And while the ghouls' intentions remain unclear, it is a power that can be put to good use in the right set of hands.

All is not lost.

Tomorrow is a new day…as long as you can make it through the night.

Happy Halloween!