Canada in technical recession ‘talk’ divides analysts; KPMG note says: No, but whatever you want to call, it is ...

Canada dips into technical recession? Pierre Poilievre slams Mark Carney, says no other G7 country is in this…

Canada reported two consecutive quarters of GDP contraction (-1% Q4 2025, -0.1% annualized Q1 2026), meeting the technical definition of recession, though economists debate the severity given April's +0.4% rebound. For business leaders, the signal is macro deterioration: the Bank of Canada has already cut its 2026 growth forecast to 1.2%, and continued uncertainty around tariffs and fiscal policy warrants reassessing capex plans and Canadian market exposure.