Statistics Canada says economic growth stalled in the first quarter and real gross domestic product was slightly negative on an annualized basis.
Real GDP has now declined for two consecutive quarters – meeting the definition of a technical recession – though a close look at the data paints a mixed picture of the economy.
The agency mainly blames higher imports of gold and a weak month for Canada’s resource extraction industries in March for dragging down recent economic activity.
More to come
May 29, 2026
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