Canada slipped into technical recession on annualized basis
May 29, 2026
24,059
311
1.29%
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1:22Now PlayingCanada slipped into technical recession on annualized basis
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as posted by the channelCanada'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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