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5 Things to Know Today: Canada Enters Recession, Oil Slips on Iran Ceasefire Talk

Saturday, May 30, 2026 — Your quick-hit Canadian financial briefing for the day. 1.Canada Officially Meets the Definition of a Technical Recession Statistics Canada confirmed Friday that real GDP contracted 0.1% on an annualized basis in Q1 2026 — following a revised 1.0% drop in Q4 2025 . That's two straight quarters of negative growth, which meets the technical definition of a recession. The miss was a big one: economists had forecast growth of 1.5% . The main culprits were a surge in imports (up 2.9%, largely gold), declining business capital investment (down 0.7% — its fifth consecutive quarterly drop ), and weakness in resource extraction and construction. On a per-capita basis, GDP actually edged up 0.2% as Canada's population shrank for the second quarter in a row. Not everyone is ready to call it a full recession: some economists note that three of the four weak months were isolated, and early April data points to a sharp 0.4% rebound . Still, the numbers ...

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Thomas Matthew Crooks: What we know about the Trump attacker

 

Thomas Matthew Crooks is the man who shot at former US President Donald Trump during a campaign rally. Here’s what we know about him:

  1. Identity and Background:

    • Crooks, a 20-year-old nursing-home employee from Pittsburgh, Pennsylvania, was identified as the attacker.
    • He allegedly opened fire while Trump was addressing a crowd in Butler, Pennsylvania, leaving one audience member dead and two others critically wounded.
    • Crooks was shot dead at the scene by a Secret Service sniper.
    • Neighbors in his quiet hometown of Bethel Park are in shock, struggling to understand how a seemingly quiet young man could be involved in the shooting.
  2. Education and Political Affiliation:

    • Crooks graduated from Bethel Park High School in 2022, where he received a $500 prize for math and science.
    • State voter records show that he was a registered Republican.
    • He also donated $15 to the liberal campaign group ActBlue in 2021.
    • Crooks had not been carrying ID, so investigators used DNA to identify him.
  3. Weapon and Motive:

    • The weapon used to shoot at Trump was believed to have been purchased by Crooks’ father.
    • Suspicious devices were found in Crooks’ vehicle after the shooting.
    • Investigators are still probing his motive.

The incident shattered the nation’s illusion of security, and authorities continue to investigate the details surrounding the attack.

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