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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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Israel Strikes Hezbollah Weapons Smuggling Sites in Syria Amid Ceasefire Tensions


Israeli aircraft struck Hezbollah weapons smuggling sites along Syria's border with Lebanon on Saturday, November 30, 2024, testing a fragile ceasefire that took effect earlier this week. The Israeli military stated that the sites were used to smuggle weapons from Syria to Lebanon, which it deemed a violation of the ceasefire terms.

The ceasefire, brokered by the United States and France, calls for an initial two-month truce, during which Hezbollah militants are to withdraw north of Lebanon's Litani River, and Israeli forces are to return to their side of the border. Despite the ceasefire, sporadic violence has continued, reflecting the uneasy nature of the agreement.

There was no immediate comment from Syrian authorities or Hezbollah. The Israeli military has accused Hezbollah of violating the ceasefire multiple times since it began on November 27, 2024. Lebanon has also accused Israel of ceasefire violations.

The situation remains tense as displaced residents return to their homes amid warnings from both the Israeli and Lebanese militaries to stay away from certain areas.


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