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5 Things to Know Today: Canada Enters Recession, Oil Slips on Iran Ceasefire Talk

Saturday, May 30, 2026 — Your quick-hit Canadian financial briefing for the day. 1.Canada Officially Meets the Definition of a Technical Recession Statistics Canada confirmed Friday that real GDP contracted 0.1% on an annualized basis in Q1 2026 — following a revised 1.0% drop in Q4 2025 . That's two straight quarters of negative growth, which meets the technical definition of a recession. The miss was a big one: economists had forecast growth of 1.5% . The main culprits were a surge in imports (up 2.9%, largely gold), declining business capital investment (down 0.7% — its fifth consecutive quarterly drop ), and weakness in resource extraction and construction. On a per-capita basis, GDP actually edged up 0.2% as Canada's population shrank for the second quarter in a row. Not everyone is ready to call it a full recession: some economists note that three of the four weak months were isolated, and early April data points to a sharp 0.4% rebound . Still, the numbers ...
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Shrimp Orzo with Feta


  • Ingredients:

    • Orzo pasta
    • Olive oil
    • Garlic
    • Tomatoes
    • Lemon juice
    • Shrimp
    • Cilantro
    • Pepper
    • Feta cheese

  • Instructions:

    1. Cook orzo as per package directions.
    2. In a skillet, heat oil and cook garlic for 1 minute.
    3. Add tomatoes and lemon juice, bring to a boil.
    4. Add shrimp and simmer until pink (4-5 minutes).
    5. Drain orzo and mix with shrimp, cilantro, and pepper.
    6. Heat through and sprinkle with feta cheese.
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