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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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Israel Detains Director of Northern Gaza's Last Operating Hospital Amid Ongoing Conflict

In a dramatic escalation of the ongoing conflict, Israeli forces detained Dr. Hussam Abu Safiya, the director of Kamal Adwan Hospital, one of the last functioning medical facilities in northern Gaza. The arrest comes amid a series of overnight strikes that killed nine people, including children.

According to Gaza's Health Ministry, Israeli troops stormed the hospital on Friday, forcing staff and patients to evacuate in harsh winter conditions. Reports indicate that Dr. Abu Safiya and dozens of other hospital staff were taken to an interrogation center. The Israeli army has not responded to questions regarding the detention.

The hospital, which has been repeatedly targeted over the past three months, has seen its infrastructure severely damaged. The Health Ministry reported that a recent strike killed five medical personnel, further crippling the already strained healthcare system in Gaza.

The World Health Organization has condemned the raid, stating that it has put the last major health facility in northern Gaza out of service. The organization has called for an immediate ceasefire and the protection of healthcare facilities and personnel.

The conflict continues to escalate, with both sides suffering significant casualties. The international community has expressed growing concern over the humanitarian crisis unfolding in Gaza.



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