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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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Wall Street Sees Slight Decline Following Recent Rally

 


In the wake of a robust rally last week, Wall Street experienced a modest downturn. Amidst this financial ebb and flow, Boeing has announced a significant change in its leadership, with the CEO set to depart at the year’s end.

The financial landscape remains ever-dynamic, with investors closely monitoring the Federal Reserve’s potential interest rate cuts. The market’s pulse is also influenced by global events, such as the Bank of Japan’s recent interest rate hike—the first in 17 years—signaling a cautious yet pivotal shift in economic policy.

As the market navigates through these fluctuations, the departure of Boeing’s CEO marks a notable corporate transition, reflecting the intricate dance between executive movements and market reactions.

Investors and analysts alike are keeping a keen eye on these developments, understanding that today’s ripples can turn into tomorrow’s waves, shaping the future of the financial world.

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