Elbows-Up Economics

Canadian economy falls into technical recession: The Canadian economy fell into technical recession to start this year. Real gross domestic product unexpectedly fell by 0.1 per cent on an annualized basis during the first quarter. That follows a one per cent contraction in the fourth quarter, a downward revision from a 0.6 per cent decrease previously reported by StatCan. Weak business and government spending is holding back the economy, as Canada deals with tariff restrictions with its largest trading partner, the United States. The last time Canada recorded two consecutive quarters of negative growth was in 2020 during the COVID-19 pandemic. Before that, it was in 2015 amid low oil prices. (BNN Bloomberg)

Meanwhile our neigbour's GDP increased 1.4% in Q42025 and 1.6% in Q12026.  Trump placed tarriffs on almost every country in the world and only two leaders did not negotiate.  They are Carney Marx and his best friend, Xi Jinping.