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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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Tensions Escalate as Israeli Forces Open Fire on Protestors in Southern Lebanon

In a tragic turn of events, Israeli forces opened fire on protestors in southern Lebanon on Sunday, resulting in the deaths of at least 11 individuals and injuring more than 80 others. The protestors, some carrying Hezbollah flags, were demanding the withdrawal of Israeli troops in accordance with a ceasefire agreement that had been in place since late November.

The Lebanese Health Ministry reported that the casualties included two women and a Lebanese army soldier. The protestors had breached roadblocks set up by the Israeli army, leading to the violent confrontation. The Lebanese army has stated that it cannot fully deploy to the area until Israeli forces withdraw, while Israel maintains that it needs to stay longer to ensure that Hezbollah does not reestablish a military presence.

Lebanese President Joseph Aoun addressed the people of southern Lebanon, emphasizing the importance of Lebanon's sovereignty and urging residents to exercise self-restraint and trust in the Lebanese Armed Forces. The situation remains tense as both sides navigate the complexities of the ceasefire agreement and the ongoing conflict.

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