Quote from: Oliver the Second on May 29, 2026, 12:18:25 PMCanada 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.

Quote from: Shen Li on Today at 12:14:11 AMCanada is now in a recession. And Mark Carney is now the only leader of a G7 country presiding over one.

Canada has been in a technical recession for eleven years. It is why our living standards have fallen from top five in 2013 to around twenty five under the anti growth economic environment the Liberals have put this country in. It is being hidden by reckless immigration numbers.

According to the IMF we will be the worst economic performer in the G20 until 2060.

Quote from: Shen Li on Today at 12:14:11 AMCanada is now in a recession. And Mark Carney is now the only leader of a G7 country presiding over one.

Ya'd think Canada would be doing well with high oil and lng prices Shen.

Alberta must be busy these days trying to keep up with the demand.

Ontario and Quebec driving it down.

QuoteProvincial Real GDP Growth Forecasts (2026)Alberta: +2.3% to +2.7% (Led by energy infrastructure and solid population gains)Saskatchewan: +2.1% (Boosted by agriculture and natural gas production)British Columbia: +1.2% (Slowing from previous years due to tariff impacts and cooling demographics)Manitoba: +1.3% (Constrained by manufacturing and trade headwinds)Ontario: +1.0% to +1.1% (Heavily exposed to U.S. trade tariffs on auto and steel)Quebec: +1.1% (Slowing alongside tariff impacts and immigration caps)Atlantic Provinces: Mixed performance, with Newfoundland & Labrador seeing constrained growth due to a construction slowdown.

Canada is now in a recession. And Mark Carney is now the only leader of a G7 country presiding over one.

Quote from: Oliver the Second on May 29, 2026, 12:18:25 PMCanada 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/

Canada is not growing. Their GDP numbers are masked by excessive immigration.

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/

Quote from: Oliver the Second on May 29, 2026, 10:26:32 AMCurry Crunch!

https://x.com/audicy519/status/2060076896201699384

That is now the number one breakfast cereal in Canada.

Curry Crunch!

https://x.com/audicy519/status/2060076896201699384

So there was a business case for natural gas exports to Germany after all.

Of course, we never thought otherwise. But back in August 2022, with Europe freezing and scrambling after Russia invaded Ukraine, German Chancellor Olaf Scholz came to Canada hat in hand looking for reliable LNG supplies. Prime Minister Justin Trudeau looked him in the eye and delivered his classic line, that there was "never a strong business case" for Canadian LNG exports to Europe. Too expensive, too far, Europe was going green anyway, etc.

Germany shrugged, turned around, and signed a fat long-term deal with Qatar instead.

Quote from: Lokmar on May 28, 2026, 07:33:47 PMCucknadians got what they voted for.

Most of Canada wants to become some third world commie dictatorship. Alberta and Saskatchewan do not.

Quote from: Herman on May 28, 2026, 07:13:04 PM

Cucknadians got what they voted for.

Quote from: Herman on May 20, 2026, 06:30:46 PMTheir plan is managed decline. It is working.

We know.

Quote from: Brent on May 20, 2026, 12:56:11 PMEven trudeau and carney voters know life has gotten worse for the working class on the watch of those two evil globalists.

Their plan is managed decline. It is working.

Quote from: Herman on May 19, 2026, 06:36:33 PM

Even trudeau and carney voters know life has gotten worse for the working class on the watch of those two evil globalists.