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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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From Montreal to Washington: Kamala Harris’s Canadian Roots

 

Kamala Harris, the first female Vice President of the United States, has a unique and diverse background that includes a significant chapter in Canada. Born in Oakland, California, Harris moved to Montreal, Quebec, at the age of 12 after her parents divorced. Her mother, Shyamala Gopalan Harris, a renowned breast cancer researcher, accepted a position at McGill University and the Jewish General Hospital, prompting the family’s relocation.

In Montreal, Harris attended Westmount High School, where she graduated in 1981. This period in Canada was formative for Harris, exposing her to a different culture and educational system. Despite the challenges of adapting to a new environment, she thrived academically and socially. Harris has often reflected on her time in Montreal, recalling how it shaped her perspective and resilience.

After high school, Harris returned to the United States to attend Howard University in Washington, D.C., and later earned her law degree from the University of California, Hastings. Her Canadian adolescence, however, remains a notable part of her journey, contributing to her multifaceted identity and global outlook.

Harris’s story is a testament to the impact of diverse experiences and the importance of embracing different cultures. Her time in Canada not only broadened her horizons but also prepared her for the challenges and opportunities that lay ahead in her remarkable career.


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