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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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Navigating Social Media Safely: Tips for Parents and Kids

 

Social media has become an integral part of teenagers’ lives, but it also raises concerns for parents. Here are some essential guidelines to help protect your kids online:

  1. Age Considerations: While there’s no magical age, experts recommend waiting until at least 13 before allowing kids on social media platforms. However, consider individual maturity levels and readiness.

  2. Privacy Awareness: Teach your child to protect their privacy by:

    • Avoiding friend requests from strangers.
    • Keeping account passwords secure and changing them regularly.
    • Not sharing passwords, even with friends.
  3. Monitor and Discuss: Regularly check your child’s social media activity. Engage in open conversations about their experiences online.

  4. Model Healthy Use: Be a positive role model by demonstrating responsible social media behavior.

  5. Social Media Literacy: Educate your child about recognizing fake news, cyberbullying, and the impact of their online presence.

Remember, staying informed and maintaining open communication are key to ensuring a safe digital environment for your family. 

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