Borrowers, whether they’re the government or individuals, should focus less on potential returns and more on risk management, writes Allison Schrager. "As long as the world is uncertain, there is no such thing as good debt or bad debt. There is only good risk management and bad risk management. It’s a crucial concept to understand as the US continues to add to its public debt, which has tripled in the last two decades to almost $36 trillion."

Here is some of what analysts say you can expect from the stock market in the year ahead.

Your RRSP contribution headroom grows to $32,490 in 2025 while the ‘inflation adjustment factor’ has plummeted to 2.7 per cent from from 4.7 per cent in 2024.

To help start the year strong, here’s a roadmap to organize your finances and set yourself up for a prosperous year.