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Canada Is In a Recession — What It Means for Your Money

It's official. Canada has entered a technical recession for the first time since 2020 — and it happened faster than almost any economist predicted. Statistics Canada confirmed Friday that the economy shrank for a second consecutive quarter, with Q1 2026 posting a 0.1% annualized contraction, following a 1.0% drop in Q4 2025. Forecasters had been expecting 1.5% growth . The surprise is significant. So what does this actually mean for everyday Canadians? Your job, your mortgage, your savings, your debt — we break it all down. −0.1% Q1 2026 GDP (annualized) −1.0% Q4 2025 GDP (revised down) 2.25% Bank of Canada overnight rate 2.8% Canada inflation rate (April) "Most businesses are basically in a holding pattern, treading water, hoping for brighter days." — Dan Kelly, President, Canadian Federation of Independent Business 📉 Wait — Is This Really a Recession? The term "technical recession" means two consecutive quarters of negative GDP growth on an annualized basi...
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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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