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Canada in Technical Recession

Hacker News Friday 29 May 2026, 20:23 UTC By efavdb 1 min read
Key Points

Canada is in a technical recession, with the economy shrinking by 0.2% in the second quarter of 2023. This is the second consecutive quarter of negative growth, following a 0.1% contraction in the first quarter. The decline is attributed to a decrease in household spending and a slowdown in business investment.

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

Comments URL: https://news.ycombinator.com/item?id=48328718

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