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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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The Holiday Job Market Blues: A Seasonal Slump

 

The holiday season is upon us, but the job market is not as jolly as it used to be. According to a report by Indeed, Canadian postings for seasonal holiday jobs are down 30% from last year, amid a softening economy and cooling labour market1. The slowdown in holiday job openings is likely related to industry-specific trends like e-commerce and remote work.

This year’s holiday job market is hitting the skids, and it’s not looking good for job seekers. With fewer job openings, it’s becoming increasingly difficult to find seasonal work. However, job seekers are still searching for holiday work, which suggests that it may be easier for employers to find seasonal work this year.

In light of these developments, it’s important to stay positive and keep your options open. Consider exploring alternative job opportunities that align with your interests and skills. You never know, you might find something that you enjoy more than seasonal work.


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