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5 Things to Know Today — June 21, 2026

  Whether you're starting your week or wrapping up your weekend, here are the five Canadian money stories shaping your financial picture right now. 1 Canada Is Technically in a Recession — And the Political Fight Is On Canada's GDP contracted 0.1% on an annualized basis in Q1 2026, following a 1% decline in Q4 2025 — two consecutive quarters of negative growth that meet the textbook definition of a technical recession. Prime Minister Mark Carney has called it a "settling-in period" tied to his government's restructuring of the economy in response to the U.S. trade war. Conservative Leader Pierre Poilievre has been relentless in his counter-offensive, pointing to rising insolvencies, job losses and food bank usage as proof that the downturn is real, not technical. Many economists, including BMO's chief economist Douglas Porter, have noted that a future revision to Statistics Canada's data could erase the slim 0.1% contraction — meaning this may not ultimate...

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How Eating More Red Meat Can Raise Your Diabetes Risk: A New Study Explains

 

A new study has found that consuming more red meat may increase the likelihood of developing type 2 diabetes, a chronic condition that affects how the body metabolizes glucose.

The researchers analyzed data from more than 200,000 participants in three large cohort studies: the Health Professionals Follow-up Study, the Nurses' Health Study, and the Nurses' Health Study II. They followed them for an average of 16 years and recorded their dietary habits every four years.

They found that increasing red meat intake by more than half a serving per day over a four-year period was associated with a 10% higher risk of type 2 diabetes in the subsequent four years. Conversely, reducing red meat intake by more than half a serving per day over four years was linked to a 14% lower risk in the next four years.

The association was stronger for processed red meat, such as bacon, sausage, and hot dogs, than for unprocessed red meat, such as beef, pork, and lamb. The researchers estimated that substituting one serving of red meat per day with other protein sources, such as nuts, legumes, whole grains, or low-fat dairy, could lower the risk of type 2 diabetes by up to 23%.

The study was published in the journal Diabetes Care and was led by Dr. Qi Sun, an assistant professor in the Department of Nutrition at Harvard T.H. Chan School of Public Health. He explained that red meat may increase the risk of type 2 diabetes by affecting insulin resistance, inflammation, and fat accumulation in the liver.

"Red meat consumption has been consistently linked to an increased risk of type 2 diabetes and cardiovascular disease," he said. "Our study suggests that reducing red meat intake and replacing it with healthy plant-based foods can help prevent and manage this common and debilitating disease."

The study adds to the growing body of evidence that supports the benefits of a plant-based diet for preventing and treating type 2 diabetes. The authors recommend that people limit their red meat intake to no more than two servings per week and opt for leaner cuts and healthier cooking methods, such as baking or grilling instead of frying or charbroiling.

They also advise people to eat more fruits, vegetables, whole grains, nuts, seeds, legumes, and low-fat dairy products, which can provide essential nutrients and fiber and help regulate blood sugar levels.

"Type 2 diabetes is a major public health problem that affects millions of people worldwide," Dr. Sun said. "By making simple dietary changes, we can reduce the burden of this disease and improve the quality of life for many people."

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