Mawer Investment Management Q3 2025 Quarterly Update

Urupong/iStock via Getty Images Market Overview The third quarter of 2025 was marked by strong corporate earnings, resilient economic growth, and falling interest rates—fuel for stock markets across many regions. In the U.S., the S&P 500 Index notched 23 record closes and wrapped up its best September in 15 years buoyed by investor optimism from strong earnings, AI enthusiasm, and a friendlier policy backdrop. Canadian equities joined the rally, outpacing many global peers as metal and mining companies  ...