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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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Justice Department Orders Release of Epstein Files Amid Congressional Pressure

 

                                           US Attorney General Pam Bondi 
            


The U.S. Justice Department has announced it will release files related to its investigation into the late financier and convicted sex offender Jeffrey Epstein within the next 30 days. Attorney General Pam Bondi confirmed the move following a nearly unanimous vote in Congress that compelled President Donald Trump’s administration to make the documents public.

The files are expected to shed new light on Epstein’s activities, including his connections to prominent figures such as Trump and other elites prior to his 2008 conviction for soliciting a minor for prostitution. The scandal has remained politically charged, with critics accusing the administration of attempting to obscure details surrounding Epstein’s death in 2019, which was ruled a suicide by New York City’s medical examiner.

Bondi emphasized that the Justice Department would “follow the law and encourage maximum transparency,” though certain sensitive information—such as victim identities or material tied to ongoing investigations—may be withheld. The release comes after months of bipartisan pressure, culminating in the passage of the Epstein Files Transparency Act, which mandates disclosure of all unclassified federal materials tied to Epstein and his associates.

The forthcoming publication is expected to reignite public debate over Epstein’s ties to powerful individuals and the circumstances surrounding his death. For many, the files represent a long-awaited opportunity to uncover hidden details in one of the most controversial scandals of recent decades.

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