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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.
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financialpost.com
Canada's economy shrinks for second quarter in a row, raising spectre of recession
Canada's GDP unexpectedly contracted in the first quarter of 2026, meeting the technical definition of a recession. Read more
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cryptobriefing.com
Canada enters technical recession as spending declines
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.
