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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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Safely Viewing the Solar Eclipse with a Cereal Box: A Simple DIY Guide

 

The upcoming solar eclipse on April 8th promises to be a celestial spectacle, and witnessing it safely is essential. While specialized eclipse glasses are recommended, you can also create a simple and effective viewer using a cereal box and a few household items. Let’s dive into the steps:

Materials Needed:

  1. Empty Cereal Box: Grab an empty cereal box from your kitchen.
  2. White Paper or Cardboard: Cut a piece that fits snugly into the bottom of the cereal box.
  3. Tin Foil: You’ll need this to create a pinhole projector.
  4. Tape or Glue: To secure the paper and tin foil in place.

Step-by-Step Instructions:

  1. Trace and Cut: Trace the bottom of the cereal box onto the white paper or cardboard. Cut out the traced rectangle.
  2. Top Opening: Cut off the side tabs on the top of the box, leaving the center intact.
  3. Tin Foil Cover: Tape a piece of tin foil over one of the openings at the top of the cereal box.
  4. Viewing Position: Stand with your back to the sun and look into the larger hole cut into the top of the cereal box. The sun’s image will be projected through the hole in the aluminum foil onto the white paper at the bottom of the box. This allows you to safely view the eclipse without directly looking at the sun.

Remember, improper observation of the sun during an eclipse can lead to eclipse blindness or retinal burns. Use this cereal box viewer as a safe alternative to enjoy the cosmic event. Happy eclipse watching! 

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