Skip to main content

Featured

Canada Is In a Recession — What It Means for Your Money

It's official. Canada has entered a technical recession for the first time since 2020 — and it happened faster than almost any economist predicted. Statistics Canada confirmed Friday that the economy shrank for a second consecutive quarter, with Q1 2026 posting a 0.1% annualized contraction, following a 1.0% drop in Q4 2025. Forecasters had been expecting 1.5% growth . The surprise is significant. So what does this actually mean for everyday Canadians? Your job, your mortgage, your savings, your debt — we break it all down. −0.1% Q1 2026 GDP (annualized) −1.0% Q4 2025 GDP (revised down) 2.25% Bank of Canada overnight rate 2.8% Canada inflation rate (April) "Most businesses are basically in a holding pattern, treading water, hoping for brighter days." — Dan Kelly, President, Canadian Federation of Independent Business 📉 Wait — Is This Really a Recession? The term "technical recession" means two consecutive quarters of negative GDP growth on an annualized basi...
Post a Comment
Read more

article

Labels

Wall Street braces for inflation data amid Fed uncertainty

Wall Street is set to open lower on Monday as investors await the latest inflation data and the Federal Reserve’s next move on interest rates.

The S&P 500 futures fell 0.5% and the Dow Jones Industrial Average futures dropped 0.4% ahead of the opening bell.

The main focus this week will be the government’s consumer prices report, due on Tuesday, which will show how much inflation has eased or worsened in February. Inflation has been a major concern for the markets, as it erodes the value of future earnings and could prompt the Fed to tighten monetary policy faster than expected.

The Fed has raised interest rates 11 times since March 2022, bringing its benchmark rate to a 23-year high of about 5.4%. The central bank has said it expects to cut rates three times in 2024, but has not given any clear signal on the timing of the first cut.

Fed Chair Jerome Powell testified to Congress last week, but did not offer any new insights into the Fed’s outlook or plans. Powell said the Fed would continue to monitor the economic data and act as appropriate to support the recovery.

Investors will also pay attention to other economic indicators this week, such as the producer prices index, the retail sales report, and the consumer sentiment survey.

Meanwhile, the earnings season is winding down, with a few notable companies left to report their results. Oracle, Kohl’s, Dollar Tree, and Dollar General are among the companies scheduled to release their quarterly numbers this week.

Labels:

Comments

Post a Comment