Canada is on the verge of losing it's status as a prosperous successful and free country

[Brent]

Canada enters technical recession as spending declines



The Canadian economy contracted slightly in the first quarter, driven by falling business and government spending. That pullback, combined with a contraction in the fourth quarter of 2025, places Canada in what economists define as a technical recession: two consecutive quarters of negative GDP growth.

For a country that managed to grow its real GDP by 1.7% in 2025, the slowest pace since 2020, the slide into contraction territory marks a meaningful shift. Canada shed more than 100,000 jobs in January and February of 2026 alone, pushing the unemployment rate to roughly 6.7-6.8%.

The Canadian Federation of Independent Business projects GDP growth of approximately 1.1-1.6% for 2026 overall, with first-quarter estimates around 1.6%. But those forecasts were built on the assumption of a modest recovery in the first half of the year, a recovery that now looks increasingly unlikely given the contraction data.

Business investment for 2026 is projected to grow by a mere 0.6% according to some analysts.

https://cryptobriefing.com/canada-technical-recession-spending-declines/

There is not much hope going forward.