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.

Canada's GDP unexpectedly contracted in the first quarter of 2026, meeting the technical definition of a recession. Read more

Canada's economy contracted 0.6% annualized in Q4 2025, making it the only G7 nation to shrink. Early 2026 data hints at a narrow recovery.

Le PIB réel a reculé pendant deux trimestres consécutifs, malgré un portrait global plus contrasté de l’économie.

Canada's economy contracted in the first quarter of the year on an annualized basis by a slim margin, Statistics Canada data showed on Friday, making it two consecutive quarters…

OTTAWA - Conservative Leader Pierre Poilievre says Prime Minister Mark Carney's policies are to blame for Canada entering recession territory.

Canada entered into what many experts would call a technical recession after it reported two consecutive quarters of contraction in economic growth. Statistics Canada said real…

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…

GDP contracted for the second consecutive time, triggering talk of recession, but economists it's too early to use the 'R' word yet. Read on

El producto interno bruto disminuyó a una tasa anualizada del 0.1% en el primer trimestre, informó Statistics Canadá.

USA & Canada Intelligence Brief for Friday: Statistics Canada confirmed Canada has slipped into technical recession after Q1 GDP stalled following a Q4 2025 decline; US April PCE…

The Canadian economy unexpectedly contracted in the first quarter of the year, marking two consecutive quarters of annualized decline and triggering debate among economists over…

Canada has officially entered what many economists describe as a technical recession after recording two consecutive quarters of economic contraction. The economic downturn has…

GDP has shrunk for two quarters in a row, but GDP per person is rising after years of decline. Read more

OTTAWA - Conservative Leader Pierre Poilievre accused Prime Minister Mark Carney on Monday of avoiding accountability after recent data showed the Canadian economy contracted…