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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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Tragedy Strikes: Deadly Stampede in India Due to Overcrowding and Lack of Exits

In a heart-wrenching incident at a religious festival in Northern India, a deadly stampede claimed the lives of at least 121 people. The tragedy unfolded due to a combination of factors, including massive overcrowding, insufficient exits, and treacherous, slippery mud.

Thousands of people had gathered at the event, and as they rushed to leave a makeshift tent, chaos ensued. The lack of proper exits exacerbated the situation, leading to panic and a fatal crush. Emergency responders worked tirelessly to rescue victims and provide medical aid, but the toll was devastating.

Local official Manish Chaudhry confirmed that five more people lost their lives on Wednesday morning, and 28 others remained hospitalized. The scene was one of grief, with family members mourning their loved ones who fell victim to this preventable disaster.

As authorities investigate the incident, questions arise about safety protocols, crowd management, and infrastructure planning. The loss of so many lives underscores the urgent need for better precautions during large gatherings, ensuring that tragedy does not strike again.


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