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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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A Solemn Reflection of Humility: The “Washing of the Feet” Ceremony in Jerusalem

 


In the heart of Jerusalem, a profound tradition unfolds as Orthodox Christians congregate to observe the “Washing of the Feet” ceremony. This sacred event, held outside the Church of Holy Sepulchre, is a testament to the enduring rituals that have been passed down through generations.

The ceremony, which took place on Thursday, saw the faithful gather in reverence and piety. The ritual is deeply symbolic, echoing the humility and service exemplified by Jesus Christ during the Last Supper, as he washed the feet of his disciples. It’s a poignant reminder of the virtues of servitude and humility that lie at the core of Christian teachings.

The Church of Holy Sepulchre, a site venerated by Christians worldwide, provides a fitting backdrop for this solemn observance. The ancient stones of the church have witnessed countless acts of devotion, and the “Washing of the Feet” is a continuation of this rich spiritual legacy.

As the world watches, the Orthodox Christian community in Jerusalem carries forward a message of humility and service, resonating with the teachings that have shaped their faith. This ceremony is not just a ritual; it is a living expression of a faith that values the act of giving over receiving, and the strength found in kneeling to serve others.

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