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5 Things to Know Today — June 4, 2026

  What every Canadian should have on their radar this Wednesday morning. ①  RECESSION REALITY CHECK Canada Is Officially in a Technical Recession Statistics Canada confirmed last week what many economists had feared: Canada's economy contracted for a second consecutive quarter, meeting the standard definition of a technical recession — the first since the pandemic. Real GDP fell 0.1% on an annualized basis in Q1 2026, following a revised 1.0% drop in Q4 2025. That's three negative quarters out of the last four. The miss was striking — analysts had forecast growth of around 1.5%. Weakness in resource extraction, construction, and resale housing all dragged on the numbers, while business capital investment fell for a fifth consecutive quarter. The silver lining: per-capita GDP actually edged up 0.2% as Canada's population declined slightly. Some economists believe the worst may already be behind us, with April GDP tracking a modest rebound. ②  BANK OF CANADA Rate Decision C...
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Tragedy Strikes Mannheim: Car Rams Into Crowd, Leaving One Dead and Several Injured


In a shocking incident in Mannheim, Germany, a driver rammed a car into a crowd in the city's Paradeplatz area on Monday. The attack claimed the life of one individual and left several others injured. Authorities have described the situation as "life-threatening" and have urged residents to avoid the downtown area.

The suspect has been apprehended, but police have not yet disclosed whether there were additional perpetrators involved. Emergency services swiftly responded to the scene, and the Mannheim University Hospital activated its disaster and emergency plan to handle the influx of casualties. Trauma teams have been mobilized, and intensive care units have increased their capacity to accommodate the injured.

The motive behind the incident remains unclear, and investigations are ongoing. Residents have been advised to stay indoors as law enforcement continues its operations in the area.

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