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Canada slipped into technical recession on annualized basis
Posted
May 29, 2026
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24,059
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May 29, 2026
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1:22Now PlayingCanada's economy contracted in the first quarter of the year on an annualized basis by a slim margin, Statistics Canada data showed.
That makes two consecutive quarters of annualized decline, which some call a technical recession. While this doesn’t constitute a full recession according to every definition, the data points to stalling growth.
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