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Canada's GDP Report Is Out Today — Here's What It Means for Your Wallet

Canada GDP Report June 2026 — MoneySavings.ca This morning, Statistics Canada releases its GDP by industry data for April 2026 — along with a flash estimate for May. The timing couldn't be more significant: Canada has technically entered a recession, and the Bank of Canada's next rate decision is just two weeks away on July 15 . Here's what today's report means for your mortgage, your job, and your savings — in plain English. What Is GDP and Why Does Today's Number Matter? GDP — Gross Domestic Product — is the broadest scorecard for how well Canada's economy is performing. It measures the total value of everything the country produces: goods, services, output across every industry. When GDP grows, businesses expand, hiring picks up, and incomes tend to rise. When it shrinks, the opposite happens. Today's release covers April 2026 data, plus Statistics Canada's advance estimate for May. The number that comes out this morning will either confirm that Cana...

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Gingerbread Cookies

Ingredients:

- 3 cups all-purpose flour

- 3/4 cup brown sugar

- 1/2 cup unsalted butter, softened

- 1/2 cup molasses

- 1 egg

- 1 teaspoon baking soda

- 1 teaspoon ground cinnamon

- 1 teaspoon ground ginger

- 1/2 teaspoon ground cloves

- 1/4 teaspoon salt


Instructions:

1. Mix Dry Ingredients: In a medium bowl, whisk together the flour, baking soda, cinnamon, ginger, cloves, and salt.

2. Cream Butter and Sugar: In a large bowl, beat the butter and brown sugar until light and fluffy. Then, add in the egg and molasses and mix well.

3. Combine: Gradually add the dry ingredients to the butter mixture, blending well after each addition.

4. Chill: Divide the dough in half, flatten into disks, wrap in plastic wrap, and refrigerate for at least 2 hours.

5. Roll and Cut: Preheat your oven to 350°F (175°C). Roll out the dough on a lightly floured surface to about 1/4 inch thickness. Cut into shapes using cookie cutters.

6. Bake: Place the cookies on a parchment-lined baking sheet. Bake for 8-10 minutes or until the edges are firm. Let them cool on the baking sheet for a few minutes before transferring to a wire rack to cool completely.

7. Decorate: Once cooled, you can decorate the cookies with icing and sprinkles as desired.


I hope you have fun baking these! 

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