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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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U.S. Supreme Court Ruling on Presidential Immunity: Key Implications for Donald Trump

 

The recent U.S. Supreme Court ruling on immunity has significant implications for presidential power and accountability. Here are some key facts from the ruling:

  1. Presidential Immunity: The majority ruling states that presidents, including former President Donald Trump, have immunity from criminal prosecution when carrying out “official acts.” However, there is no immunity for unofficial acts. This decision is based on the constitutional separation of powers and the nature of presidential authority.

  2. Partisan Split: The ruling fell along partisan lines, with the six conservative justices voting in favor of immunity and the three liberal justices dissenting.

  3. Impact on Trump: In the short term, this ruling almost certainly helps Trump avoid further trials before the 2024 general election. The case has been sent back to the U.S. District Court for the District of Columbia to determine which elements of the indictment count as official and unofficial acts. Trump can use this opinion as a defense.

  4. Campaign Trail: Given the ongoing presidential campaign, this issue is likely to be a topic of discussion. Both political parties have raised concerns about perceived abuses of presidential power.

  5. Public Perception: By stating that presidents are not immune from prosecution for personal acts, the court emphasizes that the highest office in the land is subject to the same legal standards as everyone else.

In summary, the ruling creates a balance between immunity for official acts and accountability for personal conduct, impacting Trump’s pending criminal cases and shaping the public’s view of presidential power. 

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