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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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Crispy Fried Chicken Sandwiches

 

Ingredients:

  • Chicken: 4 boneless, skinless chicken thighs or breasts.
  • Marinade: 1 cup buttermilk, 1 teaspoon garlic powder, 1 teaspoon onion powder, 1 teaspoon paprika, and salt/pepper to taste.
  • Breading: 1 cup all-purpose flour, ½ cup cornstarch, 1 teaspoon garlic powder, 1 teaspoon paprika, and a pinch of cayenne (optional for heat).
  • Oil: Enough for deep-frying (vegetable or peanut oil works well).
  • Sandwich components: Burger buns, lettuce, pickles, and your favorite condiments (mayo, spicy sauce, etc.).

Instructions:

1. Marinate the Chicken: Mix buttermilk and spices, then submerge the chicken in the marinade. Cover and refrigerate for at least 1 hour (overnight for best flavor).

2. Prepare the Breading: In another bowl, mix the flour, cornstarch, and spices.

3. Coat the Chicken: Take the marinated chicken and coat it thoroughly in the flour mixture. For extra crispiness, dip it back in the buttermilk and re-coat in the flour.

4. Fry to Perfection: Heat oil in a deep pan to 350°F (175°C). Fry the chicken for 5-7 minutes, turning occasionally, until golden brown and cooked through. Drain on paper towels.

5. Assemble the Sandwich: Toast the burger buns lightly. Add lettuce, pickles, and the fried chicken. Top with your choice of condiments and enjoy!


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