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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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Jennifer Lopez Joins Harris Rally in Vegas, Trump Courts Latino Voters in Nevada

 


As the U.S. presidential election approaches, Vice President Kamala Harris and former President Donald Trump are making their final appeals to voters in Nevada. Jennifer Lopez, the pop icon, will join Harris at a rally in Las Vegas, where she will speak on the importance of voting and endorse Harris's campaign. The rally will also feature a performance by the Mexican rock band Maná.

Meanwhile, Trump is focusing on courting Latino voters in Nevada, a crucial battleground state where Hispanics make up about 30% of the population. Trump will hold a rally in Henderson, Nevada, aiming to gain support from the diverse Latino community. Despite recent controversies, including offensive remarks made by a comedian at a Trump rally, the former president continues to emphasize his stance on immigration and appeal to religious voters.

With early voting numbers reaching unprecedented levels, both candidates are working tirelessly to secure votes in the final days leading up to the election. The outcome in Nevada could play a decisive role in determining the next president of the United States.


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