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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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Starmer Urges Reversal of Ban on Israeli Fans at Aston Villa Clash

    PAOK v Maccabi Tel Aviv - Toumba Stadium, Thessaloniki, Greece - Maccabi Tel Aviv fans inside the stadium

British Prime Minister Keir Starmer has condemned the decision to bar supporters of Israeli club Maccabi Tel Aviv from attending their Europa League match against Aston Villa in Birmingham on November 6. The ban was imposed after West Midlands Police raised security concerns, citing the risk of protests and referencing violent clashes involving Maccabi fans in Amsterdam last year.

Starmer described the move as “the wrong decision,” stressing that the role of the police should be to ensure all fans can enjoy the game without fear of violence or intimidation. He added that the UK “will not tolerate antisemitism on our streets.”

The decision has drawn criticism from Israeli officials, with Foreign Minister Gideon Saar calling it “shameful.” Culture Secretary Lisa Nandy is expected to meet with officials in an effort to find a solution 

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