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5 Things to Know Today: Canada Enters Recession, Oil Slips on Iran Ceasefire Talk

Saturday, May 30, 2026 — Your quick-hit Canadian financial briefing for the day. 1.Canada Officially Meets the Definition of a Technical Recession Statistics Canada confirmed Friday that real GDP contracted 0.1% on an annualized basis in Q1 2026 — following a revised 1.0% drop in Q4 2025 . That's two straight quarters of negative growth, which meets the technical definition of a recession. The miss was a big one: economists had forecast growth of 1.5% . The main culprits were a surge in imports (up 2.9%, largely gold), declining business capital investment (down 0.7% — its fifth consecutive quarterly drop ), and weakness in resource extraction and construction. On a per-capita basis, GDP actually edged up 0.2% as Canada's population shrank for the second quarter in a row. Not everyone is ready to call it a full recession: some economists note that three of the four weak months were isolated, and early April data points to a sharp 0.4% rebound . Still, the numbers ...
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IVF Mix-Up: Australian Woman Gives Birth to Stranger's Baby

In a rare and distressing incident, an Australian woman gave birth to a child conceived from another couple's embryo due to a mix-up at a fertility clinic. The error occurred at Monash IVF's Brisbane clinic, one of Australia's leading fertility providers, and was attributed to "human error" during the embryo transfer process.

The mistake was discovered months after the birth when the parents requested to transfer their remaining embryos to another clinic. An investigation revealed that an additional embryo in storage belonged to another patient, confirming the mix-up. Monash IVF has since issued an apology and pledged to support the affected families through this challenging time.

This incident has sparked discussions about the need for stricter regulations and protocols in IVF clinics to prevent such errors in the future. While rare, similar cases have been reported globally, highlighting the importance of transparency and accountability in fertility treatments.



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