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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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Greek Farmers Drive Tractors to Parliament Demanding Financial Aid

 

 Scores of bright-colored tractors were parked outside Greece’s parliament on Tuesday, horns blaring, as thousands of farmers expressed their frustration over soaring production costs. The Mediterranean country’s cost of living has spiked, leaving farmers struggling to make ends meet.

The slow-moving convoy, consisting of approximately 200 tractors, journeyed from the central Greek town of Kastro, covering 120 kilometers northwest of Athens. Greek flags, black flags, and protest banners adorned the tractors, with one powerful message: “Without us, you don’t eat.”

In a poignant display, some farmers carried mock coffins and funeral garlands, symbolizing the dire situation they face. They parked their tractors in front of the parliament building in the capital, an area typically frequented by tourists observing the changing of the guard ceremony. Amid flares and chants of “Don’t bow your heads,” the farmers made their voices heard.

These Greek farmers, whose demands mirror those of their counterparts across Europe, have spent weeks staging sporadic blockades along highways and in rural towns. Their plight is compounded by the aftermath of major floods that devastated central parts of the country last fall.

Greek Prime Minister Kyriakos Mitsotakis addressed the situation in a television interview, expressing his government’s willingness to continue discussions with the protesters. While he ruled out additional tax breaks and concessions, he emphasized the need for dialogue.

Police were deployed to help divert highway traffic during the protest, as the farmers sought financial relief from the government. As the cost of living continues to rise, their tractors became a powerful symbol of their struggle, reminding everyone that without their hard work, sustenance would be at risk.


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