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 hit a 3-year high at 3.8% YoY with the saving rate at the lowest in nearly 4 years; S&P 500 and Nasdaq closed at records on Snowflake's 36.5% surge and Micron crossing $1T market cap.

USA and Canada finance brief: headline PCE inflation hits 3.8% (highest since 2023) while soft monthly core offers easing hope, Q1 GDP is revised down to 1.6%, the Bank of Canada…

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