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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...
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FBI Investigates Assassination Attempt at Trump Rally

                                         

The FBI is actively investigating the shooting at a Saturday night rally for former President Donald Trump as an assassination attempt. The suspect involved has been identified as 20-year-old Thomas Matthew Crooks from Bethel Park, Pennsylvania. 

The attack occurred during the rally in Butler, Pennsylvania, leaving one attendee dead and critically injuring two others. Trump himself reported being “shot with a bullet that pierced the upper part of my right ear,” and photos and videos showed Secret Service agents swiftly whisking him away, his face bloodied and fist raised. The suspected shooter, who was killed, used an AR-15-style semiautomatic rifle for the attack. 

After being evaluated at a medical facility in Pennsylvania, Trump flew to New Jersey, where he was seen exiting a plane at Newark Liberty International Airport around midnight. 

President Biden condemned the violence, stating, "It cannot be like this. We cannot condone this". The investigation remains ongoing, and authorities have not yet disclosed a motive for the attack.

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