Canada's economy shrinks in Q1 but recession label murky

Economy May 29, 2026 11:03 PM

Statistics Canada says economic growth stalled in the first quarter, leading to a second consecutive decline in real gross domestic product. That meets some definitions for a technical recession, though not all economists weighing in on StatCan's report were convinced the label was necessary. Canadian Press reporter Craig Lord has more details. (May 29, 2026)

Canada's economy shrinks in Q1 but recession label murky

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