Beyond the Recession – Inside Canada's Economic Decay

Technical recession label like ‘crying wolf,’ but Canada’s economy going through ‘pretty sluggish growth,’ say economists

Canada is 'just not really anywhere near a typical recession,' according to Robert Kavcic, senior economist and director of economics at BMO Capital Markets.

Beyond the Recession – Inside Canada's Economic Decay

Canada recently slipped into a technical recession, but the powers that be won't acknowledge it.

Political Drama Over Technical Recession Not Justified

Canada’s economy has been growing very slowly for the last year, since Donald Trump launched his trade war against Canada’s exports. The side-effects of Trump’s attacks against Iran (including high oil prices and accelerating inflation) have further undermined growth in Canada.Recent Statistics Canada data indicate that real GDP in Canada (adjusted for inflation) declined very slightly (by 0.036%) in the first quarter of 2026. Coming on the heel…

Is Canada in recession? Bank of Canada says GDP data shows weakness, not broad decline - Commonwealth Union

Bank of Canada (BoC)’s Governor Tiff Macklem acknowledged on Wednesday, 10 June ’26 that the Canadian economy is weak, adding that it was not clearly in recession. This was after the central bank sustained interest rates unchanged at 2.25%. This is the 5th consecutive rate hold by BoC since it last cut borrowing rates 8 months ago in October ’25. It comes in the wake of a recent GDP report that hinted at a technical recession. Macklem said that …