Skip to main content

Featured

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 ...
Post a Comment
Read more

article

Labels

Trump and Netanyahu Plan White House Meeting Amid Gaza Talks

                                            sraeli Prime Minister Benjamin Netanyahu

US President Donald Trump has extended an invitation to Israeli Prime Minister Benjamin Netanyahu to visit the White House “in the near future,” according to a statement from Netanyahu’s office. The announcement followed a phone call between the two leaders on Monday, during which they discussed regional security and ongoing efforts to stabilize Gaza.

During the conversation, Trump and Netanyahu emphasized the importance of dismantling Hamas’s military capabilities and demilitarizing the Gaza Strip, while also highlighting the need to expand existing peace agreements across the region. The invitation marks Netanyahu’s fifth trip to Washington since Trump returned to office in January 2025, underscoring the close—though sometimes strained—relationship between the two leaders.

The timing of the invitation comes shortly after Trump publicly urged Israel to maintain a “strong and true dialogue” with Syria, cautioning against actions that could destabilize the country’s fragile new leadership. Trump has also been pushing a broader peace plan in Gaza, which has seen a ceasefire in place since October, though tensions remain with reports of truce violations.

Netanyahu’s upcoming visit is expected to focus on regional peace initiatives, Gaza’s future, and Israel’s relations with neighboring states. While both leaders have projected unity, reports suggest Trump has occasionally expressed frustration with Netanyahu, adding a layer of complexity to their alliance.

This meeting could serve as a pivotal moment in shaping US-Israel cooperation on Middle East security, particularly as both sides navigate the challenges of Gaza and Syria.


Labels:

Comments

Post a Comment