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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 Administration Expands Expedited Deportations Nationwide

The Trump administration has announced a significant expansion of the "expedited removal" policy, which allows for the swift deportation of undocumented immigrants who cannot prove they have lived in the U.S. continuously for two years or more. Previously limited to areas near the southern border, this policy can now be applied anywhere in the country.

The Department of Homeland Security (DHS) stated that this change aims to enhance national security and public safety while reducing government costs. The policy, which took effect on January 21, 2025, is part of a broader crackdown on immigration initiated by President Trump.

Critics argue that the expanded policy could lead to wrongful deportations and legal challenges. Until now, undocumented immigrants detained in the U.S. were given a notice to appear in immigration court, where they could present their case for asylum. The new policy bypasses this process, allowing for immediate deportation if the individual cannot prove their continuous residence in the U.S. for the required period.

The Trump administration has also rescinded guidelines that prevented immigration officers from making arrests in sensitive areas such as schools and churches. This move has raised concerns among immigrant communities and advocacy groups, who fear increased enforcement actions and potential abuses of power.

As the policy takes effect, it remains to be seen how it will impact the lives of undocumented immigrants and the broader immigration landscape in the United States.

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