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Canada posts 0.1% GDP contraction in first quarter (opens in new tab)

Canada’s real gross domestic product edged down at a 0.1% annualized rate in the first quarter of 2026, after a revised 1.0% contraction in the fourth quarter of 2025, Statistics Canada said Friday. The back-to-back quarterly declines meet a common definition of a technical recession and mark the first such sequence since the first quarter of 2020. The first-quarter result missed expectations from economists and the Bank of Canada, which had forecast 1.5% growth. Statistics Canada data showed...

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