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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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Court Agrees to Pause Collection of Trump’s Massive Civil Fraud Judgment

 



In a significant legal development, a New York appeals court has granted former President Donald Trump a temporary reprieve from the collection of his staggering civil fraud judgment. The condition? Trump must post a hefty $175 million bond within the next 10 days. If he complies, the clock on collection will stop, preventing the state from seizing his assets while he appeals.

The civil fraud case stems from allegations that Trump inflated his net worth over the years, unjustly enriching himself, his family, and his organization. The court’s ruling not only buys Trump time but also reverses certain restrictions that had barred him and his sons from corporate leadership roles.

Trump’s legal team had argued that securing an underwriter for such a colossal bond was nearly impossible. Initially proposing a $100 million bond, they faced rejection from an appellate judge. Now, with the reduced amount, Trump aims to protect his real estate empire and fend off foreclosure threats.

While the judgment still stands, the pause in collection provides Trump with a lifeline. New York Attorney General Letitia James remains steadfast, emphasizing that Trump is still accountable for his alleged fraud. As the legal battle unfolds, the eyes of the nation remain fixed on this high-stakes drama.


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