Canada slips into recession as economy stalls

[CdnFox]

Canada slips into technical recession as economy stalls in Q1: StatCan

Q1 GDP report: Canada slips into technical recession, economy stalls

We were told by Carney there woudn't be a recession. 

Many economists have said we were in a de facto recession for quite some time. Our GDP per capita has been nosediving and many other indicators would certainly suggest a recessionary economy.

The concern is that this came as a surprise. Economists and Carney had predicted a poor quarter but not recessionary. Now all of a sudden we have slipped into recession and to be honest there's very little hope for the prospects of the economy substantially improving.

If this continues, Where we are bouncing just above or just below the recessionary numbers, we are going to be in real trouble if we continue to borrow at the levels we have been

I have a feeling that this time next year we're going to be seeing similar numbers, either just above or just below recessionary levels with bleak prospects.

At least I hope we're "just below" and not diving deep into recession. 

[Goddess]

And it's going to get worse.  Why?

Because Mark Carney is the only leader in the G7 to plunge his economy into a recession.

While other countries manage global challenges, Carney hikes industrial carbon taxes, tariffs fertilizer, keeps anti-development laws, doubles the deficit, and flirts with border carbon taxes.

Statistics Canada reported this week that farm operating costs in 2025 increased in every province surging to an all-time high of $83 billion, net farm income has fallen two years in a row and we're now finding out that the historic farm income loss in 2024 was $1 billion worse than previously reported.

You can't tax farmers and saddle producers with the highest expenses in history and not expect farm families to be at a breaking point.

[CdnFox]

36 minutes ago, Goddess said:

And it's going to get worse.  Why?

Because Mark Carney is the only leader in the G7 to plunge his economy into a recession.

While other countries manage global challenges, Carney hikes industrial carbon taxes, tariffs fertilizer, keeps anti-development laws, doubles the deficit, and flirts with border carbon taxes.

Statistics Canada reported this week that farm operating costs in 2025 increased in every province surging to an all-time high of $83 billion, net farm income has fallen two years in a row and we're now finding out that the historic farm income loss in 2024 was $1 billion worse than previously reported.

You can't tax farmers and saddle producers with the highest expenses in history and not expect farm families to be at a breaking point.

It is absolutely a problem but it's compounded when you think about investment. If other countries are doing better economically that's where investment money will go. Likewise if Canada is doing very poorly nobody is going to invest here right now regardless.

It's like Canada is uphill of investment while the other countries are downhill. Obviously the investment is going to roll in the easiest direction

And it becomes a vicious spiral. No investment means lower growth, lower growth means lower investment, and pretty soon we're Argentina in the 1930s

[Goddess]

38 minutes ago, CdnFox said:

And it becomes a vicious spiral. No investment means lower growth, lower growth means lower investment, and pretty soon we're Argentina in the 1930s

Business, industry and investment communities have been telling the Liberals for 11 years now that the policy environment in Canada is chasing it all away, but somehow the Libs have convinced enough Canadians that it's all Trump's fault or Poilievre's fault. 🤪

[CdnFox]

When we look at Real gdp per capita we see the same sort of pictures

And obviously we've been in a serious economic downturn for some time

 

Which is why the libs have to borrow so heavily now, we just don't have the gdp per capita to raise the funds necessary to provide services to the population. And it's getting worse. 

[paxamericana]

6 minutes ago, CdnFox said:

we just don't have the gdp per capita to raise the funds necessary to provide services to the population. And it's getting worse. 

Ready to say uncle yet? Uncle Sam that is!

[CdnFox]

5 minutes ago, paxamericana said:

Ready to say uncle yet? Uncle Sam that is!

You mean uncle Santiago? I hear he likes Tacos.... 

[paxamericana]

3 minutes ago, CdnFox said:

You mean uncle Santiago? I hear he likes Tacos.... 

they’re next, you’re 51st.

[Legato]

[Army Guy]

Sory but there is no liberal view on this subject yet....in all fairness i'll provide something....

What this can not be, Carney is a esteemed bank, his resume is never ending , he has done everything twice, he was the man we voted for to handle trump.....he is the master of Canada's destiny....must all be conservative propaganda.....how could you Bastards even print this stuff....we need to print more money, give more away to foreign countries, spend , spend , spend....

[CdnFox]

3 hours ago, paxamericana said:

they’re next, you’re 51st.

Sorry, but trump Always Chickens out.   That's why he hates our poultry supply management    

1 hour ago, Army Guy said:

Sory but there is no liberal view on this subject yet....in all fairness i'll provide something....

What this can not be, Carney is a esteemed bank, his resume is never ending , he has done everything twice, he was the man we voted for to handle trump.....he is the master of Canada's destiny....must all be conservative propaganda.....how could you Bastards even print this stuff....we need to print more money, give more away to foreign countries, spend , spend , spend....

Gone full maple maga today too, said Canada can help 'Make america great again".  When he's in europe it's all about 'rupture' but in new york he's a full on maga   

[BeaverFever]

7 hours ago, Goddess said:

While other countries manage global challenges, Carney hikes industrial carbon taxes, tariffs fertilizer, keeps anti-development laws, doubles the deficit, and flirts with border carbon taxes.

Thats Opposite of reality fake news, you kool-aid drinker. 

Economists pour cold water on recession talk after Canada’s economy stalls in Q1
 

Canada’s economy is still struggling to grow but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession.

StatCan reported Friday that the economy stalled in the first quarter of the year.

While real GDP by expenditure was flat on a quarter-by-quarter basis, converting that to an annualized rate — the figure most economists pay close attention to — magnifies the quarterly changes and results in a decline of 0.1 per cent for the first quarter.

That follows a real GDP drop of one per cent in the fourth quarter of 2025, a figure StatCan revised lower on Friday.

Three of the last four quarters in Canada have now posted negative real GDP growth. Two quarterly contractions in a row meets some definitions for a technical recession, though not all economists weighing in Friday were convinced.

“Don’t get me wrong, the economy has struggled to gain any meaningful traction over the last year ... but for now, we wouldn’t necessarily call it a technical recession,” said TD Bank economist Marc Ercolao.

He said the decline in real GDP last quarter was still basically zero, and could easily be revised up in future StatCan reports.

….

https://www.bnnbloomberg.ca/business/economics/2026/05/29/canada-slips-into-technical-recession-as-economy-stalls-in-q1-statcan/

[BeaverFever]

9 hours ago, CdnFox said:

We were told by Carney there woudn't be a recession. 

That’s a lie. From the very beginning of Trump’s trade war we have been told the economy is at risk. Every expected the recession to start a year ago and the economy has been remarkably resilient 

 

9 hours ago, CdnFox said:

Many economists have said we were in a de facto recession for quite some time. Our GDP per capita has been nosediving and many other indicators would certainly suggest a recessionary economy.

The concern is that this came as a surprise. Economists and Carney had predicted a poor quarter but not recessionary. Now all of a sudden we have slipped into recession and to be honest there's very little hope for the prospects of the economy substantially improving.

Did you even the article you linked?  Right at the top it says: “but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession.”  
 

And:

 

 “Don’t get me wrong, the economy has struggled to gain any meaningful traction over the last year ... but for now, we wouldn’t necessarily call it a technical recession,” said TD Bank economist Marc Ercolao.

He said the decline in real GDP last quarter was still basically zero, and could easily be revised up in future StatCan reports.”

 

And

”BMO chief economist Doug Porter said in a note to clients that there was “no sense sugar-coating this sour result, as the economy has clearly been struggling to grow since the start of the trade war.”

 

And 

“While there will be plenty of debate over whether this constitutes a recession (we would say ‘no, not really’), there is little debate that the economy has struggled to make any headway over the past year amid the ongoing trade conflict,” Porter said.

 

And

 

Higher imports of gold dragged down activity in the first quarter, and exports were mildly negative. Weak resale activity in the housing market also hurt the first-quarter figures.

Business capital investment meanwhile fell for a fifth consecutive quarter, which Ercolao largely chalked up to uncertainty surrounding U.S. tariffs. It’s hard for many firms to draw up spending plans without clarity on what that trade relationship will look like in the foreseeable future, he said.

Drags on output in the last quarter were offset by a ramp-up in businesses accumulating inventory and higher household spending.

Many economists also gauge the breadth and depth of a downturn before declaring a formal recession.
 

And

 

On a per-capita basis, real GDP rose 0.2 per cent in the first three months of the year as Canada’s population shrank for a second quarter in a row.
 

And 

The last two quarterly contractions are mostly due to real GDP declines in October and March. Growth was either flat or modestly positive for the four months in between.
 

And

Bradley Saunders, North America economist at Capital Economics, said in a note that the “trade-induced” technical recession was likely already over as rising oil and gas activity mean the second quarter of 2026 is tracking for a solid rebound.

I know you Carney Derangement Syndrome types are rooting against Canada and hoping for the worst just so you can “pwn the libs”  but there’s more optimism than doom and gloom in that report  

 

[Legato]

6 minutes ago, BeaverFever said:

That’s a lie. From the very beginning of Trump’s trade war we have been told the economy is at risk. Every expected the recession to start a year ago and the economy has been remarkably resilient 

 

Did you even the article you linked?  Right at the top it says: “but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession.”  
 

And:

 

 “Don’t get me wrong, the economy has struggled to gain any meaningful traction over the last year ... but for now, we wouldn’t necessarily call it a technical recession,” said TD Bank economist Marc Ercolao.

He said the decline in real GDP last quarter was still basically zero, and could easily be revised up in future StatCan reports.”

 

And

”BMO chief economist Doug Porter said in a note to clients that there was “no sense sugar-coating this sour result, as the economy has clearly been struggling to grow since the start of the trade war.”

 

And 

“While there will be plenty of debate over whether this constitutes a recession (we would say ‘no, not really’), there is little debate that the economy has struggled to make any headway over the past year amid the ongoing trade conflict,” Porter said.

 

And

 

 

Higher imports of gold dragged down activity in the first quarter, and exports were mildly negative. Weak resale activity in the housing market also hurt the first-quarter figures.

Business capital investment meanwhile fell for a fifth consecutive quarter, which Ercolao largely chalked up to uncertainty surrounding U.S. tariffs. It’s hard for many firms to draw up spending plans without clarity on what that trade relationship will look like in the foreseeable future, he said.

Drags on output in the last quarter were offset by a ramp-up in businesses accumulating inventory and higher household spending.

Many economists also gauge the breadth and depth of a downturn before declaring a formal recession.
 

And

 

On a per-capita basis, real GDP rose 0.2 per cent in the first three months of the year as Canada’s population shrank for a second quarter in a row.
 

And 

The last two quarterly contractions are mostly due to real GDP declines in October and March. Growth was either flat or modestly positive for the four months in between.
 

And

Bradley Saunders, North America economist at Capital Economics, said in a note that the “trade-induced” technical recession was likely already over as rising oil and gas activity mean the second quarter of 2026 is tracking for a solid rebound.

I know you Carney Derangement Syndrome types are rooting against Canada and hoping for the worst just so you can “pwn the libs”  but there’s more optimism than doom and gloom in that report  

 

 

Well that's a lot of shouting to say we are in a recession.

[paxamericana]

2 hours ago, BeaverFever said:

Canada’s economy is still struggling to grow but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession.

That makes no sense. Stalling means you are already behind due to inflation. Surely you can defend your echo chamber better than that!

Edited Saturday at 03:48 AM by paxamericana

[CdnFox]

2 hours ago, BeaverFever said:

Thats Opposite of reality fake news, you kool-aid drinker. 

 

Economists pour cold water on recession talk after Canada’s economy stalls in Q1
 

 

Canada’s economy is still struggling to grow but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession.

StatCan reported Friday that the economy stalled in the first quarter of the year.

While real GDP by expenditure was flat on a quarter-by-quarter basis, converting that to an annualized rate — the figure most economists pay close attention to — magnifies the quarterly changes and results in a decline of 0.1 per cent for the first quarter.

That follows a real GDP drop of one per cent in the fourth quarter of 2025, a figure StatCan revised lower on Friday.

Three of the last four quarters in Canada have now posted negative real GDP growth. Two quarterly contractions in a row meets some definitions for a technical recession, though not all economists weighing in Friday were convinced.

“Don’t get me wrong, the economy has struggled to gain any meaningful traction over the last year ... but for now, we wouldn’t necessarily call it a technical recession,” said TD Bank economist Marc Ercolao.

He said the decline in real GDP last quarter was still basically zero, and could easily be revised up in future StatCan reports.

….

https://www.bnnbloomberg.ca/business/economics/2026/05/29/canada-slips-into-technical-recession-as-economy-stalls-in-q1-statcan/

So they all agree the economy stalled

And you found some propaganda That tries to argue that somehow this is a good thing

. Well there you go.

Our economy is the shit*, our government is the shit*

[CdnFox]

2 hours ago, BeaverFever said:

That’s a lie. From the very beginning of Trump’s trade war we have been told the economy is at risk.

Nope. 

OECD predicts Canadian economy will avoid recession, but will see flat growth in 2025

Carney gets a little help from his international banking friends | National Post

Carney rallied everybody and did all kinds of speeches saying we're doing great, no recession, we're the strongest positioned to do well if we do the right things

So the liar here would be you

2 hours ago, BeaverFever said:

Did you even the article you linked?  Right at the top it says: “but some economists weighing in on the latest real gross domestic product results Friday argued that weakness may not qualify as a recession.”  

But most agree it's a recession.

And if you read that another articles what you'll find is they agree it's a recession but they're not so sure it's a really bad recession. They say there's a chance we could bounce back a little bit next quarter. If we don't then they'll admit it's a really bad recession

But the reality is many economists have been saying we are in a recession for the last year and a half due to the reduced GDP per capita ratio

And when that was widely commented on the liberal said "But we're not in a technical recession technically"

Well now we are in a technical recession technically and our GDP per capita is still in the tank.

 

Your liberals are doing horribly. Canada is suffering badly at a time when other countries are doing quite well. Moreover this mess started before trump showed up.

You're choosing your ideology over your fellow Canadians because you don't care if people suffer as long as you're beloved liberals don't look bad

[CdnFox]

11 minutes ago, paxamericana said:

That makes no sense. Stalling means you are already behind due to inflation. Surely you can defend your echo chamber better than that!

@BeaverFever knows he's full of shit. 

Our economy is not struggling to grow, it has failed. And when you look at the GDP per capita our economy is shrinking in relation to our population.

We're doing terribly and you cannot blame it on trump because this problem started at least a full two years ago and carney was a trusted advisor to the liberals at that time

This reeks of the Trudeau liberal era all over again.  Oh it's not a REAAAAAAALL  recession.. it's  a VIBEcession!!!! Yeah!" 

remember that? Remember when inflation was 'transient"? Now it's all "we're the most affordable we've been in decades" and  "it's not a REAAAAAALL recession again". 

[CdnFox]

[Goddess]

If I understand this country correctly, and I think I do, a recession will increase the Liberal's popularity.

[Legato]

6 minutes ago, Goddess said:

If I understand this country correctly, and I think I do, a recession will increase the Liberal's popularity.

Or get the Beave's to shout out the virtues of a welcome recession so we don't have to buy any tanks, planes, or gun blue.

[CdnFox]

4 minutes ago, Goddess said:

If I understand this country correctly, and I think I do, a recession will increase the Liberal's popularity.

LOL well the fact is that for now the libs will give him a pass and blame trump. Despite the fact most of our problems predate trump and he was hired specifically to deal with trump. 

He's currently like the teflon don, nothing sticks no matter how bad his crimes are. It was like that for trudeau in his first couple of years as well. 

I think this will be a little deeper and drag on a little longer than the liberals are hoping, just as we saw with inflation. Sooner or later people will realize this guy not only hasn't got the skill to solve the problem he hasn't got the inclination to. He's too busy spending three or $4,000 a meal for airline food

At that point they'll turn and look to other things but the reality is the damage will be done

 

[Goddess]

7 minutes ago, CdnFox said:

At that point they'll turn and look to other things but the reality is the damage will be done

A lot of people have never read "The Emperor's New Clothes" story and it shows.

[CdnFox]

18 minutes ago, Goddess said:

A lot of people have never read "The Emperor's New Clothes" story and it shows.

Canadians, especially those in the east, crave a messiah. They want to believe someone will magically appear to create exactly the world they want. 

To a degree it's been this way for people since the beginning of time but Canada tends to lean into it.

They got scared about trump and they believe Carney's lies that he could do something about it. They wanted desperately to believe that there was someone who could keep them safe from the bad orange man.

And now with each threat they don't want to admit they were wrong, they want to believe harder

"Carney said he'd fix things! Oh look things are worse, now he says he's REALLLY going to fix things!  You go Carney!  Stand back everyone, the fixing is going on! He's going to be doing so much fixing, he'll be fixing all over the place! You've never seen someone Fix like this guy, any minute now, give him some room give him some room....."

Eventually there will come a time when they realize he's not going to fix anything. But by then he will secure his own financial future worth billions and in the meantime been enjoying the most expensive meals currently available on the planet while he flies around attending parties pretending to whip up trade

[West]

Elbows up guys. At least we have to moral high ground over Donnie 😆