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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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Alberta Health Services Board Dismissed Amid Investigation Controversy


In a dramatic turn of events, the Alberta Health Services (AHS) Board was dismissed on the same day a critical investigation report was due. The report, which was set to delve into allegations of political interference and questionable procurement practices, has sparked widespread speculation about the timing of the board's removal.

Former AHS CEO Athana Mentzelopoulos had initiated the investigation, raising concerns about conflicts of interest in surgical contracts and medical supply procurement. Her dismissal earlier this year, followed by the board's removal, has led to accusations of attempts to suppress findings that could implicate high-level officials.

The Auditor General of Alberta is now probing the matter, while the controversy continues to unfold, leaving many questioning the transparency and accountability within Alberta's healthcare system.

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