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[-] DupaCycki@lemmy.world -1 points 3 weeks ago

And how is that working out for Canada - one of the few countries to currently be in recession?

[-] SaveTheTuaHawk@lemmy.ca 2 points 3 weeks ago

Canada has had economic slowdown due to US trade policies, but is not in recession. Have fun if you want to make shit up.

[-] DupaCycki@lemmy.world 1 points 3 weeks ago

Statistics Canada said real gross domestic product fell 0.1 per cent on an annualized basis in the first three months of this year. That comes after a downwardly revised contraction of one per cent in the fourth quarter of 2025.

Two consecutive quarters of contraction in economic growth is termed a technical recession.

https://www.cbc.ca/news/business/recession-gdp-may-2026-statscan-9.7216352

this post was submitted on 23 Jun 2026
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