Statistics Canada said real gross domestic product fell 0.1 per cent on an annualized basis in the first three months of this year. That comes after a downwardly revised contraction of one per cent in the fourth quarter of 2025.

Two consecutive quarters of contraction in economic growth is termed a technical recession.

https://www.cbc.ca/news/business/recession-gdp-may-2026-statscan-9.7216352