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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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Clash in West Bank Leaves One Palestinian Dead After Israeli Fire

 

A Palestinian argues with Israeli troops standing guard during a weekly settlers' tour in Hebron, in the Israeli-occupied West Bank.


Israeli forces shot and killed a Palestinian man in the West Bank after troops opened fire on individuals who were reportedly throwing stones at them near the village of Luban al‑Sharqiya.

According to the Israeli military, soldiers were operating along a main road when several people began hurling stones, prompting the troops to respond with live fire. Three individuals were struck.

Palestinian officials identified the man killed as 26‑year‑old Khattab Al Sarhan and reported that another person was wounded. Local authorities said the area had already been tense, with Israeli forces blocking the main entrance to the village and several surrounding roads the previous day.

The incident adds to the ongoing volatility in the West Bank, where frequent clashes between Israeli forces, settlers, and Palestinians have continued to escalate.

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