StatCan reports Canadian economy stalls in Q1, slips into ‘technical recession’

VIDEO: Canada’s economy has officially slipped into what economists call a “technical recession.” New numbers from statistics Canada show the country’s GDP contracted for a second straight quarter, after the economy stalled in the first three months this year. The slowdown is being tied to weaker business investment, slowing construction and unsurprisingly ongoing uncertainty around U.S. trade policy and tariffs, but economists say Canadians shouldn’t be too worried. Experts seem to be split on the whether this is a brief slowdown or something to be more concerned over. Friday’s release of fiscal data came as a bit of a surprise to some who were expecting to see a positive result for the quarter. The last time Canada faced a technical recession was during the start of the pandemic in 2020.