Canada enters technical recession as spending declines
Canada has entered a technical recession as the economy contracted in the first quarter of 2026. This decline is attributed to falling business and government spending, following a contraction in the previous quarter. The situation is compounded by job losses and uncertainty surrounding tariffs with the US.
- ▪The Canadian economy contracted slightly in the first quarter of 2026, marking two consecutive quarters of negative GDP growth.
- ▪Private non-residential investment has been declining due to uncertainties related to US tariffs, impacting business confidence.
- ▪Over 100,000 jobs were lost in January and February of 2026, raising the unemployment rate to approximately 6.7-6.8%.
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Canada enters technical recession as spending declines Weak business and government spending pushed the Canadian economy into contraction during the first quarter, adding to a string of troubling economic signals north of the border. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The Canadian economy contracted slightly in the first quarter, driven by falling business and…
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