Canada’s Economy Slumps Again

Canada’s economy just hit a major red flag — real GDP shrank in the first quarter of 2026, marking the second straight quarter of contraction. What looked promising in April turned sour when soaring imports, especially gold, dragged growth into negative territory. This is the first time since 2020 — the pandemic’s early days — that Canada’s economy has faced back-to-back quarters of decline. While Statistics Canada hasn’t officially labeled it a recession, technically, two consecutive quarters of contraction equals one. Watch this space — the economy’s complex, and these shifts could ripple far beyond. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/46a9460eec760504