Canada's economy posted a surprise contraction in the first quarter versus the year before, making it two straight quarters of annualized decline - which some economists call a technical recession - as the country struggles with U.S. tariff uncertainty. Gross domestic product declined at an annualized rate of 0.1% in the first quarter, Statistics Canada said on Friday, compared with a downwardly revised contraction of 1% in the fourth quarter of last year. Show more Show less
Canada's economy STUMBLES! OFFICIALLY enters into recession; Carney's 'political honeymoon' over?
Canada's economy posted a surprise contraction in the first quarter versus the year before, making it two straight quarters of annualized decline - which some economists call a technical recession - as the country struggles with U.S. tariff uncertainty. Gross domestic product declined at an annualized rate of 0.1% in the first quarter, Statistics Canada said on Friday, compared with a downwardly revised contraction of 1% in the fourth quarter of last year.










