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5 Things to Know Today — June 21, 2026

  Whether you're starting your week or wrapping up your weekend, here are the five Canadian money stories shaping your financial picture right now. 1 Canada Is Technically in a Recession — And the Political Fight Is On Canada's GDP contracted 0.1% on an annualized basis in Q1 2026, following a 1% decline in Q4 2025 — two consecutive quarters of negative growth that meet the textbook definition of a technical recession. Prime Minister Mark Carney has called it a "settling-in period" tied to his government's restructuring of the economy in response to the U.S. trade war. Conservative Leader Pierre Poilievre has been relentless in his counter-offensive, pointing to rising insolvencies, job losses and food bank usage as proof that the downturn is real, not technical. Many economists, including BMO's chief economist Douglas Porter, have noted that a future revision to Statistics Canada's data could erase the slim 0.1% contraction — meaning this may not ultimate...

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How to Balance Work and Life and Avoid Burnout


Work-life balance is a term that refers to the ability to manage the demands and responsibilities of both your professional and personal life. Achieving work-life balance can help you reduce stress, improve your well-being, and enhance your productivity and performance.

However, finding the right balance is not always easy, especially in today's fast-paced and competitive world. Many people struggle with juggling multiple roles and expectations, such as being a good employee, a caring partner, a supportive parent, a loyal friend, and a healthy individual.

If you feel overwhelmed by the pressure of work and life, you may be at risk of burnout. Burnout is a state of physical, emotional, and mental exhaustion caused by chronic stress. It can lead to symptoms such as fatigue, insomnia, irritability, anxiety, depression, cynicism, detachment, and reduced performance.

Fortunately, there are some strategies that can help you prevent or overcome burnout and achieve a better work-life balance. Here are some tips to get you started:

- Set clear and realistic goals. Identify your priorities and focus on what matters most to you. Avoid taking on more than you can handle and learn to say no to unnecessary or unreasonable requests. Delegate or outsource tasks that are not essential or enjoyable.

- Manage your time effectively. Plan your schedule ahead and allocate sufficient time for each activity. Use tools such as calendars, reminders, timers, and apps to keep track of your deadlines and appointments. Avoid procrastination and distractions that waste your time and energy.

- Establish boundaries. Communicate your expectations and needs to your employer, colleagues, family, and friends. Let them know when you are available and when you need some privacy or downtime. Respect the boundaries of others as well. Turn off your phone, email, and social media notifications when you are not working or during your personal time.

- Take care of yourself. Your health and well-being are the foundation of your work-life balance. Make sure you get enough sleep, eat well, exercise regularly, and drink plenty of water. Engage in activities that relax and recharge you, such as meditation, yoga, reading, music, hobbies, or spending time with nature.

- Seek support. You don't have to do everything on your own. Reach out to your family, friends, co-workers, or professionals for help when you need it. Join a support group or a community of people who share your interests or challenges. Learn from others who have achieved work-life balance and follow their advice.

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