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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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Trump's Six Words: "I'm Going to Stop the Wars"


In a recent speech, President-elect Donald Trump uttered six enigmatic words that have sent ripples across the globe: "I'm going to stop the wars." This statement has left many nations, particularly Ukraine and Israel, on edge as they try to decipher the implications of his promise.

For Ukraine, Trump's words have sparked concerns about the future of U.S. support in their ongoing conflict with Russia. Ukrainian officials are wary of any potential shifts in American foreign policy that could affect their defense strategies and overall security.

In Israel, the reaction has been mixed. While some see Trump's statement as a potential end to ongoing conflicts, others worry about the broader implications for regional stability. Israeli leaders are particularly interested in how this promise might influence U.S. involvement in the Middle East and its support for Israel's security measures.

As the world watches closely, the true meaning behind Trump's words remains to be seen. Will his administration bring about a new era of peace, or will these six words lead to unforeseen consequences on the global stage?

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