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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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Trump Asserts No Cost Limit on Mass Deportation Plan

 

In a recent interview, President-elect Donald Trump reiterated his commitment to a large-scale deportation plan, emphasizing that there would be "no price tag" on the effort to remove millions of undocumented immigrants from the United States. Trump stated that his administration would prioritize making the U.S. border "strong and powerful," and that the cost of the deportations was secondary to the necessity of the action.

Trump's plan, which he described as the "largest deportation effort in American history," aims to target undocumented immigrants involved in criminal activities, including drug lords and murderers. He argued that the deportations are essential for national security and public safety, despite the significant logistical and financial challenges involved.

Critics have raised concerns about the humanitarian and economic impacts of such a sweeping deportation policy. They argue that the removal of millions of immigrants could disrupt industries reliant on undocumented labor and lead to significant economic instability. Additionally, immigrant rights groups are preparing to challenge the plan through legal battles.

As Trump prepares to take office, the debate over his immigration policies continues to intensify, with both supporters and opponents gearing up for what promises to be a contentious issue in the coming months

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