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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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Pakistan Outlaws TLP After Violent Protests Leave Five Dead

Trucks and containers block Ravi Bridge as supporters of Tehreek-e-Labbaik Pakistan (TLP) supporters march during a solidarity march for Gaza in Lahore, Pakistan, October 10, 2025.

Pakistan has once again banned the far-right Islamist party Tehreek-e-Labbaik Pakistan (TLP) under the country’s anti-terrorism laws, following deadly clashes with police during recent protests near Lahore.

The unrest erupted during a TLP-led march in support of Palestinians, which turned violent as demonstrators attempted to push toward Islamabad. At least five people, including a police officer, were killed, and more than 100 others were injured in the confrontations.

Prime Minister Shehbaz Sharif’s cabinet approved the ban after a recommendation from the Punjab provincial government, accusing the group of “terrorist and violent activities.” This marks the second time the TLP has been outlawed; a previous ban in 2021 was lifted after the party pledged to renounce violence.

The TLP, known for mobilizing large street protests, has repeatedly challenged the state with its hardline stance on religious issues. Analysts warn that while the ban may temporarily curb unrest, it underscores Pakistan’s ongoing struggle to contain extremist groups without sparking wider instability.


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